China’s banking and insurance regulator on Thursday said it had approved the acquisition by Bank of Liaoshen, the newly established lender of China’s northeastern rustbelt Liaoning province, of two …
Monthly Archives For September 2021
China urges banks to avoid housing speculation to curb Evergrande risk
China has urged banks to steady the housing market and avoid speculation as fears mount that Evergrande’s debt crisis could spill over into the property …
Investors can still find value in China, but be choosy, financial expert says
CI Global Asset Management senior vice-president says the two key questions investors should ask when evaluating Chinese stocks are whether a company can still grow after recent policy changes, and wh …
Crypto Isn’t ‘The Second Coming’—Tesla’s Elon Musk Issues Serious Bitcoin Warning After China Crashed The Price
Tesla chief executive Elon Musk has warned he doesn’t think crypto is “the second coming of the Messiah,” adding it’s “possible for governments to slow down [bitcoin and crypto’s] …
JinkoSolar Provides Updates on Jinko Solar Co., Ltd.’s Proposed IPO in China
JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, provided updates on the status of the proposed …
Participants in 2022 Beijing Olympics will never leave ‘closed-loop’ bubble while in China
If any athletes traveling to Beijing for the 2022 Winter Olympics wanted to do some sightseeing in China, sample the local cuisine, or even do a little shopping, the International Olympic Committee …
Taiwan seeks to benefit from China power crisis if export orders shift, central bank governor says
Central bank governor Yang Chin-long told Taiwan’s parliament on Thursday that manufacturers could shift orders to the island if China’s power crunch continues.
Chinese SOEs Dominate Shenzhen Land Rights Auction
Shenzhen has auctioned the rights to 21 residential land lots for CNY45.3 billion (USD7 billion) in the southern Chinese city’s second round of centralized land supply this year. The auction attracted …
Residents support overseas fans ban in Beijing Olympics
People in Beijing share their views after a decision announced by the International Olympic Committee that next year’s Winter Olympics in the city will be held without fans from overseas. “I think …
U.S. and China Hold ‘Frank’ Defense Talks to De-Escalate Tensions
Officials from Washington and Beijing agreed that lines of communication should be kept open at all times, the Pentagon said on Wednesday.
China manufacturing unexpectedly shrinks to lowest level since COVID-19 outbreak
The official manufacturing Purchasing Manager’s Index (PMI) was at 49.6 in September versus 50.1 in August, data from the National Bureau of Statistics (NBS) showed on Thursday, slipping into contract …
China’s coronavirus curbs and consumer fears mean ‘golden week’ travel unlikely to return to pre-pandemic levels this year
The ‘golden week’ holiday is traditionally one of China’s busiest times for travel, but pandemic curbs and consumer fears about the economy are likely to weigh on domestic tourism.
China’s manufacturing PMI edges down to 49.6 in September
The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 49.6 in September, edging down from 50.1 in August, data from the National Bureau of Statistics (NBS) showed Thursday.