Shares in China Evergrande jumped on the back of an asset sale that generated $2.2bn in cash and helped to ease investor concerns over the financial health of the world’s most indebted property … (…
Monthly Archives For November 2020
China Evergrande sells Guanghui stake to Shenergy in asset disposal plan after breaching central bank’s ‘red lines’ on debt
China Evergrande Group, the world’s most indebted real estate developer, has agreed to sell an investment a little more than two years after buying it, part of its asset disposal programme to generate … (…
CICC Lists on SSE Main Board Today, Aiming to Become a First-class International Investment Bank
China International Capital Corporation Limited (CICC, stock code: 03908.HK, 601995.SH) announces that it is successfully listed on the … ( read original story …)
Spending with China’s digital yuan around $300 million, PBOC says
More than 2 billion yuan ($299.07 million) has been spent using China’s new digital currency so far in 4 million separate transactions, Yi Gang, the governor of the People’s Bank of China (PBOC), said ……
UBS’s Ermotti Leaves Banking in Pandemic Drift
Few European banking bosses have survived this long since the global financial crisis. After nine years at the helm of UBS Group AG, the world’s biggest wealth manager, Sergio Ermotti will stand down … (…
China Presses Ahead With Smaller Import Fair Amid Pandemic
China is set to be the only major economy to grow this year after largely bringing the epidemic under control after it first emerged in the central city of Wuhan last year. The China International…
China blue-chips end higher on rising factory activity
SHANGHAI, Nov 2 (Reuters) – China blue-chip shares finished higher on Monday after a private survey showed the fastest acceleration in Chinese factory activity in nearly a decade, the latest … ( read original story…
Asian shares buoyed by upbeat China factory activity, oil drops
Asian shares bounced off one-month lows on Monday helped by Chinese factory activity expanding at its fastest pace in a decade, while oil prices skidded as many Western countries slid back into … ( read…
Sailing: China’s Li Quanhai named president of World Sailing
World Sailing named long-term board member Li Quanhai as its new president, making him the first person from China to take up the role. ( read original story …)
Will never forget what China did to US: Trump
President Donald Trump has said that the US will never forget what China did to it by failing to prevent the spread of the coronavirus pandemic which he said has devastated America’s economy. ( read…
China Rejects Australia’s Appeal to Remove Barley Import Tariff, Say Sources
China has rejected Australia’s appeal to scrap a tariff on its barley exports, two sources familiar with the matter told Reuters, all but closing the door on a trade worth about A$1.5 billion ($1.05 ……
Breakingviews – China’s latest five-year plan girds for battle
China’s latest five-year blueprint suggests President Xi Jinping is girding for battle. Despite the recent economic rebound from the pandemic, the tone from the ruling Communist Party’s closed-door … ( read original story …)
Blockchain Investment Matchmaking conference successfully held in Chengdu
In Chengdu, over 266 enterprises with blockchain in the business world. Among them, there has been an explosive growth from 2018 to 2019, … ( read original story …)
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