City Developments Ltd (CDL) has agreed to buy a 55% stake in Shenzhen Tusincere Technology Park from Sincere Property Group and Ping An. ( read original story …)
Monthly Archives For February 2021
Suncity listco US$24mln cash under China property disposal
Suncity Group Holdings Ltd is to receive a cash payment of circa CNY155.3 million (nearly US$24.03 million) for disposal of a loss-making mainland China property development and leasing firm with … ( read original story…
China to tighten online lending rules from 2022 in additional measures to rein in fintech giants, pre-empt banking crisis
China’s national banks are the biggest winners under the new rules to be enforced from January next year, while online lending platforms and regional banks are likely losers as their wings are clipped … (…
China signals real financial opening up, but will it follow through?
Allowing people to change yuan into other currencies and then decide what offshore financial assets to buy would be revolutionary, as China has long barred its people from freely investing in such … ( read…
China urges to strengthen recycling of renewable resources
China will speed up recycling and utilisation of renewable resources such as metals scrap in an effort to build low-carbon development and meet its carbon neutrality goal, the State Council said on … ( read…
Beijing Plans Changes to Group Selecting Hong Kong’s Leader
Chinese lawmakers are expected to vote on a proposal to transfer seats from elected councilors to pro-Beijing figures, according to people familiar with the proposal. ( read original story …)
China Calls for Reset in Sino-U.S. Relations
Wang, a Chinese state councillor and foreign minister, said Beijing stood ready to reopen constructive dialogue with Washington after relations between the two countries sank to their lowest in … ( read original story …)
‘Nobody wants this job now’: the gentle leaders of China’s Uighur exiles
Fleeing to Kyrgyzstan in the 1960s, communities established mosques and villages but the local leaders, or dzhigit-beshchis, are a dying breed … ( read original story …)
The week in review: Beijing calls for better Sino-US relationship, regulator restricts banks’ online lending
In this round-up, China urges the US to help improve their bilateral relationship, the banking and insurance regulator sets restrictions on lenders participating in the online loan market, and FTSE … ( read original story…
Beijing official signals Hong Kong electoral reforms to ensure “patriots” govern
BEIJING (Reuters) – “Loopholes” in Hong Kong’s laws must be closed to ensure the city is governed by “patriots”, a top Beijing official said on Monday, signalling changes to the Chinese-ruled city’s … ( read…
China’s central bank conducts 10 bln yuan of reverse repos
BEIJING, Feb. 22 (Xinhua) — China’s central bank on Monday conducted 10 billion yuan (about 1.55 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. ( read original story…
China capital control changes designed to fuel Hong Kong IPO market
China’s regulators consider making it easier for its citizens to invest in Hong Kong’s booming IPO market. Limits on how much individuals can take out of the country will remain. ( read original story …)
Alibaba, Pinduoduo Fight Against China’s Looming Food Crisis
The battle to supply 1.4 billion people with fresh fruit and vegetables is taking China’s e-commerce companies into the country’s hinterlands, where they are attempting to revolutionize centuries-old … ( read original story …)
