China’s biggest banks suffered their worst profit decline in more than a decade as a cascade of loans to businesses across China are going bad.Reporting their first-half earnings on Sunday, Industrial … ( read original…
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China reports 17 new COVID-19 cases on August 30 vs nine a day earlier
China reported 17 new COVID-19 cases on Aug. 30, up from 9 reported a day earlier, the country’s health authority said on Monday. ( read original story …)
US sanctions on China’s Huawei spell trouble for Shenzhen economy
A downturn in Huawei’s business would not only deal a blow to Shenzhen’s economy, but undermine confidence in China’s technological and economic strength, analysts say. ( read original story …)
Europe should stop grovelling to Beijing
China’s foreign minister, Wang Yi, is on a hurriedly arranged damage-limitation visit to Europe. He is not coming to Britain. Our stance on Hong Kong and 5G technology puts us in the diplomatic … (…
Asia Pacific stocks set to trade mixed; China’s August manufacturing activity data ahead
China’s official manufacturing Purchasing Managers’ Index for August is set to be released at around 9:00 a.m. HK/SIN on Monday. ( read original story …)
Jack Ma’s Ant Fuels Tech IPO Frenzy Not Seen Since Dotcom Bubble
Ant Group’s potentially record-sized initial public offering could propel technology capital-raising in 2020 past the dizzying heights of the dotcom bubble, an extraordinary showing in a … ( read original story …)
What Happens To The Phase One China Trade Deal If Biden Is President?
Joe Biden will be elected president on November 6. What happens to one of the biggest signature trade policies of the Trump era in that case — the “amazingly great” China phase one trade deal?…
TikTok Deal Talks Slowed Over New China Rules Designed to Affect Sale
Plans to quickly finalize a deal between the Chinese parent company of TikTok and suitors for the app’s U.S. operations have been thrown off track as the parties huddled this weekend to weigh new ……
China doesn’t know if its coronavirus vaccines work, but it wants other countries to use them
Coronavirus vaccine updates from China indicate that several of the experimental drugs that are in the final stages of testing have received approval for emergency use in the country. Drugs from … ( read original…
TikTok Sale May Need Beijing’s OK: Report
The U.S. companies looking to snap up TikTok may have another time bomb to worry about: new Chinese regulations. That’s because Beijing has written new rules on technology exports that could mean … ( read…
China Construction Bank posts worst earnings in more than a decade on bad loan surge
The world’s second-largest lender by assets produces its worst half-year earnings in more than a decade amid a surge in non-performing loans as the coronavirus pandemic ravages businesses. ( read original story …)
Bad Debt Wave Drags China’s Big Banks to Their Worst Profit Drop
China’s biggest banks posted their worst profit declines in more than a decade as bad debt ballooned and the government called on them to help backstop the slumping economy, putting pressure on plans … (…
Week In Review: Antengene Approved By Hong Kong Exchange For $200 Million IPO
Antengene, a three-year old Shanghai startup originally backed by Celgene, will conduct a Hong Kong IPO that is expected to raise $200 million. ( read original story …)
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