Huawei CEO and founder Ren Zhengfei has responded to Facebook’s planned launch of Libra by stating: “China can issue its own Libra”. According to Sina, who recorded quotes from a recent press … ( read…
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China gives big distressed debt managers nod to make M&A plans for troubled smaller banks
China’s banking and insurance regulator has told the country’s biggest distressed debt managers to prepare contingency plans to take over or invest in high-risk small and medium-sized Chinese banks, … ( read original story …)
Bitcoin Is Property, Chinese Court Rules — No Crypto Ban Contradiction
Meanwhile, there have been reports from China suggesting that the 2017 ban could be extended to other crypto-related spheres — namely, mining and marketing. Thus, earlier this year, news … ( read original story …)
Oversold Conditions For China Unicom (CHU)
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is…
Press Release: Valour Consultancy sees ATG driving IFC adoption in China
… likely that airlines in Mainland China will be presented with an alternative to satellite-based IFC in the form of China Mobile’s proposed 5G Air-To-Ground network. China is one of a few countries … (…
Huawei CEO Calls on China to Create a Rival to Facebook’s Libra Crypto
Telecommunications giant Huawei’s chief executive has said that the time is ripe for China’s government to preempt Facebook’s Libra. Speaking in an interview with Italian media outlet L … ( read original story …)
China’s Still Taking Iran Oil Weeks After U.S. Toughens Sanction
(Bloomberg) — China’s still importing oil from Iran weeks after the U.S. imposed sanctions aimed at halting sales of crude from the Persian Gulf nation. Official customs data on Friday showed China … ( read…
Another Month, Another Chinese Bank Bailout
Beijing dislikes bailing out state companies—particularly banks—but can’t seem to kick the habit. The latest example is Bank of Jinzhou. On Thursday, this small Northern lender said it was in talks … ( read original…
China’s central bank continues to skip reverse repos Friday
Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, Oct 8, 2018. [Photo/IC] BEIJING – China’s central bank continued to skip open market operations via reverse … ( read…
China’s Wanda Sports raises $190.4 million in downsized IPO
on Friday priced its downsized U.S. initial public offering (IPO) below its targeted range to raise $190.4 million. The Beijing-based company, a unit of Chinese conglomerate Dalian Wanda Group, has … ( read original story…
China’s Wanda Sports raises US$190.4 million in downsized IPO
REUTERS: Wanda Sports Group , a sport events owner whose interests include selling sponsorship rights to the FIFA World Cup, on Friday priced its downsized U.S. initial public offering (IPO) below its … ( read…
Beijing says People’s Liberation Army is a ‘pillar of stability’ for Hong Kong
The People’s Liberation Army is a pillar for stability in Hong Kong and will always abide by the law, Beijing said on Friday amid concerns it might mobilise troops to help bring an end to…
China Proposes Tighter Oversight of Financial Holding Firms
China plans to start regulating large conglomerates that may pose systemic risks to the nation’s financial sector. Certain non-financial firms or individuals with businesses that straddle at least two … ( read original story …)
