China would have held the world record for the biggest initial public offering if Ant group had listed in November 2020. At the time, the financial services business planned to raise $37bn, valuing it …
Monthly Archives For July 2022
China’s banking sector feels the strain
Although China’s banks have continued to show strong results in the Top 1000, there are signs of cracks emerging with continued economic pressure.
Hong Kong gets a shot in the arm as China’s offshore financial hub with new products and deeper yuan pool in expanded Connect scheme
Hong Kong and China will develop a Swap Connect programme for bonds this year, after formally kicked off the ETF Connect programme The PBOC upgraded Hong Kong’s yuan settlement programme into a …
China NFTs: Tencent and Ant Group join industry pledge to ban cryptocurrency and fight speculation
China’s non-fungible token (NFT) industry has published a “self-discipline initiative” that promises identity checks for users, adherence to the country’s ban on cryptocurrencies and a promise not to …
US ambassador to China brands Russia-Ukraine war ‘greatest threat to global world order’
THE US ambassador to China has denounced the Russian invasion of Ukraine, adding that it is particularly harmful of the Chinese Government to encourage the spread of pro-war Kremlin propaganda.
China’s Anhui province puts 1.7 million in Covid lockdown
China placed 1.7 million people under lockdown in central Anhui province, where authorities reported nearly 300 new cases in the latest of a string of outbreaks testing Beijing’s no-tolerance approach …
Beijing says it’s ‘natural’ for the US to ‘feel sour’ after Boeing loses out to Airbus on $37 billion China plane deal
A spokesperson for Boeing blamed “geopolitical differences” for the company losing out on the deal to European manufacturer Airbus.
Economic crisis: Beijing risks losing billions of dollars lent to poor countries
By the end of the year, developing nations must repay foreign debts amounting to billion: 40% is owed to China. Dialogue between the Chinese, the World Bank and the International Monetary Fund on …
Beijing slams NASA chief for claiming China could ‘take over’ the moon
China firmly opposes the “irresponsible remarks” by NASA Chief Bill Nelson about China’s space progress, said Foreign Ministry spokesperson Zhao Lijian on Monday.
‘They play, we suffer’: Olympian who led Beijing protest calls for total Russian ban
Having made waves with his protest in Beijing, skeleton athlete Vladyslav Heraskevych wants Russians banned from all sports …
Searchers rescue 4th person from China ship, 12 bodies found
Rescue teams searching for missing crew members from a Chinese engineering ship that sank over the weekend saved a fourth person on Monday and recovered 12 bodies, Chinese maritime authorities said.
Japan sights China, Russia warships near disputed islands
Japan protested to Beijing after spotting Chinese and Russian warships just outside its territorial waters around the disputed East China Sea islands on Monday. Japan’s Defense Ministry said a Chinese …
Column: Australia’s commodity exports in sweet spot of Russia sanctions, China hopes: Russell
Russia’s invasion of Ukraine and hopes of significant economic stimulus in China are combining to boost Australia’s commodity exports to record levels, at least for now.
