Competition is likely to intensify among Chinese internet companies, such as Big Tech firms Alibaba Group Holding, JD.com and Tencent Holdings, as Beijing places greater scrutiny on mergers, overseas …
Monthly Archives For August 2021
HSBC may be the most exposed bank if China imposes anti-sanction laws on Hong Kong
Ronald Wan of Partners Financial Holdings says financial institutions in Hong Kong generally will be in a “sensitive position” if China imposes anti-foreign sanctions law on Hong Kong. But, he says …
BSP cites China Bank for strong support
China Banking Corporation has been named by the Bangko Sentral ng Pilipinas (BSP) as an outstanding stakeholder. This is in recognition of the Bank’s strong support for the BSP’s programs and …
Foreigners Buying China Stocks After Tech, Education Selloff
Overseas investors have loaded up on Chinese stocks by the longest stretch since late April, following a rout last week that pushed the country’s benchmark index to its lowest in almost nine …
As headwinds rise, China seen quickening fiscal support to protect growth
China is poised to quicken spending on infrastructure projects while the central bank supports with modest easing steps, as risks from the Delta variant and floods threaten to slow its recovery, …
Beijing approves five-year plan to better protect, preserve the old city
Beijing’s Protection and Development Plan for the Historical and Cultural City During the 14th Five-Year Plan Period was recently approved by the Beijing Municipal People’s Government, highlighting …
COVID-19 Delta Variant Reaches Wuhan as China Battles Widest Outbreak Since Disease Emerged in 2019
The Delta variant has broken through China’s COVID-19 defenses, which are some of the strictest in the world, and reached nearly half of China’s 32 provinces in just two weeks.
U.S. struggles to unite democratic European allies against China
Allies “see the Americans being confrontational with China and they don’t believe Europe can afford to be quite so confrontational,” a former U.K. diplomat says.
Olympics-Gymnastics-China’s Guan wins gold in balance beam
China’s Guan Chenchen won the balance beam gold medal at the Tokyo Olympics on Tuesday while Simone Biles of the United States returned to action to claim bronze. Tang Xijing, also of China, took …
Biden struggles to rally allies for clash with China as Trump and trade cloud U.S. standing
Allies “see the Americans being confrontational with China and they don’t believe Europe can afford to be quite so confrontational,” a former U.K. diplomat says.
Kenya: Why Govt is Seeking to Ban Chinese Fish Imports
Kenya has enough fish stocks in its lakes, rivers and the ocean, the lawmakers said. The legislation, said chairperson Silas Tiren (Moiben), will improve the fisheries sector. “I don’t see why we …
Column: China loses its lustre as driver of rally in metals prices
What is likely to be a bigger factor for China’s demand for imported metals – the ongoing release of copper, zinc and aluminium from strategic reserves or the weakening manufacturing outlook as …
Alibaba to face investors as Beijing’s business crackdown grows
Beijing banned it from app stores over cybersecurity concerns. The stock plunged, and is still trading well below its IPO price of $14 a share. US securities regulators have also expressed concern …
