Montenegro’s finance minister has announced a deal with three Western banks to help Podgorica hedge payments on a controversial billion-dollar Chinese loan for a highway project that put the small …
Monthly Archives For July 2021
China’s FX Deposits Rise to $1.02 Trillion in June, up 31% Year-On-Year
China’s foreign exchange deposit rose to $1.02 trillion at the end of June, up 30.9% from a year earlier, data released by China’s central bank showed on Friday. Foreign exchange deposits have been …
HKEX adds Chinese finance sector heavyweights to new advisory group, as it seeks bigger role in growing mainland market
Bourse operator Hong Kong Exchanges and Clearing (HKEX) has tapped three mainland Chinese finance sector heavyweights for a new advisory group that will help it develop its China strategy. Fred Hu …
China’s bitcoin crackdown: Beijing targets NGO backed by crypto tycoons and former regulators
Chinese authorities banned a blockchain group backed by the founders of OKCoin and Huobi as Beijing’s crackdown on digital currencies continues.
‘Golden age’ looms for China’s consumer brands
China’s intensifying crackdown on technology companies is proving to be a cautionary tale for investors in the nation’s startups, with one notable exception: consumer brands. From cosmetics to bubble …
China EV: Tesla rival NIO plans to build a total of 4,000 battery-swap stations by 2025 as sales pick up
Having built 300 battery-swap stations so far, NIO will make offering more charging stations a priority, president Qin Lihong says.
Take Five: Bond bulls, China’s conundrums and U.S. earnings
Concern about China’s outlook and a surge in coronavirus variants adds to the caution, while the ECB has just tweaked its inflation target, another sign it will stay dovish. Many betting on higher …
U.S. to Add China Firms to Xinjiang Blacklist, Reuters Says
The Biden administration will add at least 10 Chinese entities to its economic blacklist as early as Friday over alleged human rights abuses and high-tech surveillance in Xinjiang, Reuters reported.
Shenzhen blazes trail for national data regulation: experts
The Shenzhen government issued the most detailed data regulation on data in China yet. The regulation laid the groundwork for future data legislation.
Xi and Washington’s China hawks unite against Chinese tech IPOs in US
President Xi Jinping is finally addressing what his administration has long seen as a nagging national security risk and a glaring weakness in China’s capital markets — their inability to attract the …
China criticizes US moves to expand financial sanctions
China’s government on Friday criticized new U.S. moves to reduce access to American financial markets and said it will protect Chinese companies but gave no indication of possible retaliation.
Giant pandas no longer endangered in the wild, China announces
Authorities reclassify animal as vulnerable with a population outside captivity of 1,800 …
Cramer: Stay Away From China IPOs Like Didi
Jim Cramer writes that as long as the Chinese government can remove an app from stores, there’s no point in investing in an IPO in China.
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