A release from the Chinese embassy said, due to the COVID pandemic China has decided to “temporarily suspend” the entry into China by “foreign nationals in India holding valid Chinese visas or … ( read…
Monthly Archives For November 2020
Why China Changed the Rules on Jack Ma’s Ant Group
Years of loose regulatory oversight in China helped billionaire Jack Ma’s Ant Group become the world’s most-valuable financial giant, with businesses spanning payments, banking, wealth management and … ( read original story …)
Apple must face shareholder lawsuit over CEO Cook’s China sales comments
Apple Inc has been ordered to face a proposed class-action lawsuit by shareholders who accused Chief Executive Tim Cook of concealing falling demand for iPhones in China, resulting in billions of … ( read original…
Alibaba beats sales forecasts on China e-commerce growth
Alibaba Group beat third quarterly revenue estimates on Thursday, driven by e-commerce growth after China emerged from coronavirus lockdowns, and said it was assessing the suspension of its affiliate … ( read original story …)
U.S. Pork Export Outlook: How to Save Our Own Bacon as China Rebuilds
While China rebuilds its pork production capacity, the U.S. pork sector can take steps to lessen the impact of lower trade flows in the futureDENVER, Nov. 05, 2020 (GLOBE NEWSWIRE) — U.S. pork export ……
GDS Holdings: A Clear Winner Of China’s Looming Technocracy
GDS Holdings Ltd (GDS:NASDAQ, 09698:HK) is a value creator. The company is well prepared for high growth, possessing rich experience in serving Alibaba, Tencent and the likes. ( read original story …)
What ‘Keepwell’ Means in Case of China Bond Defaults
Bankruptcy and debt restructuring in China is a murky process, especially for international investors. So-called keepwell provisions are one way bondholders try to protect themselves in case of … ( read original story …)
China Bans Travel From U.K., India And Other Countries With Higher Coronavirus Infection Rates
As China reports low numbers of new coronavirus cases, it’s shutting its borders to countries still struggling with outbreaks. ( read original story …)
Nigeria targets $6 billion revenue from blockchain technology
The National Information Technology Development Agency (NITDA) says Nigeria plans to generate over six billion dollars through blockchain technology by 2030 … ( read original story …)
Ant’s Squashed IPO by China Highlights Global Fintech Challenge
China’s torpedoing of Ant Group Co.’s initial public offering is the most dramatic example yet of the financial frictions emerging globally as fintech upstarts invade the territory of central banks … ( read original story…
HSBC, Bank of China (HK) pocket up to US$3.2 million in fees from Ant’s IPO loans, even as brokers waive charges on halted stock sale
HSBC and Bank of China (Hong Kong), two of the biggest margin lenders for Ant Group’s suspended initial public offering (IPO) in Hong Kong, will pocket up to HK$25 million (US$3.2 million) in interest ……
China’s Plan to Regulate Internet Lending is Behind Suspension of Ant’s Record IPO, Analysts Say
China has suspended the record-breaking $35 billion stock exchange listing of Ant Group, a spinoff corporation of Chinese e-commerce conglomerate Alibaba, because regulators say changes in the … ( read original story …)
Coronavirus: China temporarily suspends entry of Indians with visas or resident permits
China has temporarily suspended entry of Indians with valid visas or residence permits over coronavirus concerns. “Due to the Covid-19 pandemic, it’s hereby announced that China has decided to … ( read original story …)
