China Development Bank (CDB)’s Foreign-Currency IDRs are equivalent to those of China’s sovereign ratings, and are based on …
Monthly Archives For August 2021
Evergrande Pledges to Fix Debt After Rare China Rebuke
China Evergrande Group pledged to fix its debt problems following a rare public rebuke from regulators as the developer struggles to stave off a liquidity crisis.Evergrande said it will do its best to …
China sets yuan mid-point at 4-month low, but basket index advances further
China’s central bank on Friday set its official yuan midpoint at the weakest level in four months to reflect falls in spot prices a day earlier.
China Keeps Benchmark Lending Rates Unchanged
China maintained its benchmark loan prime rates, as widely expected, on Friday. The one-year loan prime rate was maintained at 3.85 …
China markets slump as crackdowns shatter sentiment, ‘herd mentality’ kicks in
The Hang Seng fell 1.8% and its weekly drop of 5.8% was the largest since the height of the pandemic panic in financial markets in March 2020. Stocks in Shanghai also fell, while investors sold…
Malaysia takes first delivery of China’s CanSino COVID-19 vaccine
The first batch of the single-dose COVID-19 vaccine developed by Chinese company CanSino Biologics arrived in Malaysia on Frid …
China’s sweeping Personal Information Protection Law to come into effect on November 1
China’s legislature has passed a tough new law that restricts how companies collect, use and manage personal data, effectively ending the domestic internet industry’s Wild West era.
Beijing bookstores to benefit from new incentives
In 2018, she realized that dream, beginning her career as a shopkeeper in downtown Beijing at the age of 36. “Bookshops should serve as lively cultural spaces,” says Li, adding that she would like to…
Beijing’s ‘new economy’ contributes 40.9% of GDP in H1
Beijing’s “new economy” has picked up steam this year, with high-end industries including emerging industries and high-tech industries becoming new driving forces for the city’s economic development.
Beijing to develop tourism around Universal Studios
The Chinese capital city will promote a series of tourist destinations near Universal Studios Beijing ahead of the theme park’s grand opening. According to local authorities, Beijing is planning to …
Beijing delays decision on HK anti-sanctions law
Hong Kong’s member of the National People’s Congress Standing Committee (NPCSC) Tam Yiu-chung on Friday said a vote on adding the mainland’s …
What Happens When China’s Bling Binge Comes to an End?
The delta variant and government interest in “common prosperity” may soon threaten consumption in China. That’ll hit the luxury industry hard.
Chinese AI Unicorn Eyes IPO, Southeast Asia Expansion After $200 Million Funding Round
After a recent funding round from top Chinese venture capital firms, Shenzhen-based AI startup SmartMore has big plans to go public and expand across Southeast Asia, starting with Singapore.
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