China fined five financial institutions a total of 320 million yuan ($47 million) on Friday, as the country’s watchdog steps up a crackdown on financial misconduct to tame systematic risks. ( read original story …)
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China may dump U.S. Treasuries as Sino-U.S. tensions flare: Global Times
China may gradually cut its holdings of U.S. Treasury bonds and notes, in light of rising tensions between Beijing and Washington, state-backed newspaper Global Times cited experts as saying. With … ( read original story…
China’s auto sales to grow slightly in next five years, industry body predicts
China’s auto market, the world’s biggest, is expected to grow only slightly in the next five years, the country’s top auto industry body said on Friday. ( read original story …)
Dinner in Beijing, China
People eat dinner at a restaurant in Beijing, China. ( read original story …)
China shares end lower; Shanghai posts first weekly loss in six
China stocks closed lower on Friday after a sharp overnight selloff in Wall Street, with the benchmark Shanghai index posting a weekly loss after a five-week winning streak. ( read original story …)
Uni-President China: Valuations Are Not Attractive
Uni-President China’s Soup Daren high-end instant noodles and Kai Xiao Zao self-heating rice meal products were the star performers for the company in 1H 2020. ( read original story …)
China Can’t Afford to Let Property Crash
As China’s economy picks up after the pandemic, the last thing you might expect is a renewed credit squeeze in the real estate industry. So the imposition of leverage thresholds for developers has … ( read…
China Developers Face Harsh Liquidity Test as Curbs Loom
Already, China’s regulator of the vast interbank market took a step to curb the amount developers can raise, people familiar have said. It’s bad timing for developers. Real estate firms … ( read original story…
China Banks Plan $29 Billion in Bond Sales to Replenish Capital
Industrial & Commercial Bank of China Ltd., the world’s largest lender, and three domestic competitors plan to sell a combined 195 billion yuan ($28.5 billion) of perpetual or tier-2 capital … ( read original story…
The fashion world looks to China
The fashion industry is reeling from the stunning blow dealt by a global pandemic that closed stores, largely ended international travel, and caused consumer demand for its products to shrivel. All … ( read original…
China’s August exports seen keeping solid momentum; imports flat: Reuters poll
China’s exports likely posted a second month of solid gains in August as more of its trading partners relaxed coronavirus lockdowns and reopened their economies, while imports edged back into growth, … ( read original…
China Tightens Financial Regulations In Advance Of Ant IPO
Days after one of the world’s highest-valued FinTechs filed to go public, Chinese regulators are increasing scrutiny of non-bank financial companies. ( read original story …)
Citigroup Was Approved for Business in China. What That Means for the Stock.
Citigroup will be able to act as a custodian bank in China and hold securities for mutual funds and other private funds based there. ( read original story …)
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