China will adopt a “positive and prudent” approach towards the rapid growth of the country’s financial technology industry and will watch over “too big to fail” cases in the sector, the head of its ……
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Shenzhen sees influx of HK residents fleeing epidemic
There has been a spike in the number of people from Hong Kong Special Administrative Region (HKSAR) entering the Chinese mainland via Shenzhen Bay Port in South China’s Guangdong Province, with … ( read original…
China is the ‘principal military and economic threat’ in Asia, says Wilbur Ross
China accounts for many anti-dumping and countervailing duty orders imposed by the U.S., and makes up a “good portion” of the U.S. entity list, said Ross. ( read original story …)
Simplex Launches Global Onramp For Crypto’s Online Bankers
Fintech company Simplex has released an online B2B crypto banking solution that could allow far-flung global customers the same regulated security as consumer banks. Known … ( read original story …)
Trump fails to disrupt ‘panda diplomacy’ as China’s famed bears remain at US zoo
The Smithsonian national zoo’s three giant pandas will stay in Washington for another three years, upholding a decades-long tradition … ( read original story …)
Goldman Sachs signs pact to own 100% of China joint venture
Goldman Sachs Group Inc has signed a pact with its China joint venture partner to wholly own the business, becoming the latest foreign bank to expand in the world’s second-largest economy. ( read original story…
The Latest: China orders mass coronavirus testing in Chengdu
Red lamps burn at the longtime closed Opera house in Munich, Germany, Sunday, Dec. 6, 2020. Bavaria intensifies measures to contain the corona crisis from Dec. 9, 2020. ( read original story …)
Reprieve for lithium producer shines light on Beijing’s priorities
China Citic Bank gave Tianqi Lithium, based in southwestern Sichuan province, a month-long reprieve as they try to sort out a new repayment schedule by December 28. Tianqi Lithium is a private sector … (…
Shadow banking expected to see healthy prospects next year
China’s shadow banking sector is expected to become healthier in 2021 amid improving regulatory efforts to de-risk the sector, after assets of the most risky shadow banking activities contracted by … ( read original story…
China’s Financial Markets Start to Price In Deleveraging
Policy makers are allowing for tighter liquidity in the financial system, a signal that Beijing wants to stabilize the level of debt in the economy. Though not as aggressive as previous deleveraging … ( read…
China’s Wang vows to uphold trade deal during Biden administration: U.S. business group
Chinese Foreign Minister Wang Yi assured U.S. executives during a videoconference on Sunday that Beijing remained committed to the Phase 1 trade deal with the United States, the head of the US-China … ( read…
China curtails overseas lending in face of geopolitical backlash
China has drastically curtailed the overseas lending programme of its two largest policy banks, after nearly a decade of ambitious growth which at its peak rivalled that of the World Bank, new … ( read…
Only the U.S. and China Can Stave Off Debt Disaster
A pandemic-induced crisis threatens to hurl millions into poverty unless Washington and Beijing can work together. ( read original story …)
