BEIJING — China’s central bank is allowing its tightly controlled currency to drift lower against the dollar, a move that could help Chinese exporters cope with U.S. tariff hikes but also might reigni… ( read…
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China’s regional banks hit by economic slowdown
In the southwestern province of Guizhou, Guiyang Rural Commercial Bank was downgraded by China Chengxin International Credit Rating Co to A+ from AA- in June after its bad loan ratio soared 15.41 per … (…
Beijing weighs options as deadline looms for airlines to describe Taiwan as part of China
Beijing has a raft of measures it can take to punish US airlines if they do not remove references to Taiwan as a country on their websites by the deadline on Wednesday, as it walks…
Beijing insists US airlines describe Taiwan as part of China
China says there will be “no room for negotiation” in its demand that US airlines describe self-ruled Taiwan as part of China ahead of a deadline this week. Beijing has insisted that carriers change r……
Trade tensions simmer as Morneau, finance ministers hold G20 meetings
WATCH BELOW: Trump threatens almost all imports from China as Beijing fires back Finance ministers from the G20 last met in March and could not come to any agreement on how to address the problem.…
$100b cash injection into China’s banking system highlights growth worries
Mr Trump has accused Beijing of manipulating the yuan, which last Friday reached its lowest point for a year against the US dollar. It has fallen 5 per cent since the start of last month.…
China Tower seeks $8.7 billion IPO
China’s state-owned China Tower — the world’s largest operator of telecommunications towers — announced Tuesday it will aim for an $8.7 billion initial public offering in Hong Kong, the biggest glob… ( read original story…
China Tower plans $8b IPO in Hong Kong
China Tower, a joint venture handling mobile infrastructure in Chinese mainland, will list on Hong Kong stock market on Aug 8, aiming to raise HK$68.1 billion ($8 billion) with its initial public offe… ( read…
China Tower’s planned $8.7bn IPO the biggest globally in four years
China’s state-owned China Tower – the world’s largest operator of telecommunications towers – announced Tuesday it will aim for an $8.7 billion initial public offering in Hong Kong, the biggest global… ( read original story…
Chinese mobile phone tower operator plans $8.7B IPO
HONG KONG — The state-owned monopoly that operates China’s vast network of mobile phone towers said Tuesday it plans to raise up to $8.7 billion in the biggest global stock offering in four years. Chi……
China Tower eyeing $68b from IPO, sets price range
China Tower, the state-owned wireless infrastructure operator, is seeking as much as HK$68.27 billion in its planned Hong Kong initial public offering, which would be the world’s largest share sale si… ( read original story…
China telco giant could ring up world’s biggest IPO in four years
So-called cornerstone investors are a fixture of the Hong Kong IPO market, especially in public-sector deals. This group includes Alibaba Group, China-focused investment firm Hillhouse Capital Group a… ( read original story …)
EMERGING MARKETS-China stimulus, positive corporate news push up LatAm equities
SAO PAULO, July 24 (Reuters) – Latin American equities rose across the board on Tuesday after China announced dramatic stimulus measures, with Brazil’s benchmark Bovespa index leading gains boosted by … ( read original story…
