A sovereign rating downgrade could make it more costly for Chinese companies and the government to borrow money on the international market, and more difficult for Beijing to attract investors to its financial markets. China…
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S&P’s downgrade of China’s sovereign debt angers Beijing
China’s Finance Ministry calls it the “wrong decision”. Beijing (AsiaNews/Agencies) – For the first time since 1999, S&P Global Ratings on Thursday downgraded China’s sovereign credit from AA- to A, reflecting increased economic and financial…
“Years of Gilt, Luxury Forever” The 2017 the Waldorf Astoria Beijing Annual Charity Ball
From the golden age of New York in the 19th century To the modern age of Beijing in the 21st century BEIJING, Sept. 22, 2017 /PRNewswire/ — Waldorf Astoria Beijing presents the Waldorf Astoria Beijing…
Beijing to further open up the service sector to foreign investment
Beijing will also deepen the institutional reform to create a favorable environment for foreign investors and professionals. The reforms are to improve investment and finance management systems, trade in services, investment regulation systems, as well…
Financial ties with Beijing will continue to be strengthened: Heng Swee Keat
XIAMEN — Singapore and China will continue to strengthen financial ties in investments, regulatory cooperation, cross-border capital market activities and emerging technologies, said Finance Minister Heng Swee Keat yesterday. Speaking at an unveiling … (…
Does Fed’s latest move add urgency to Beijing’s financial rescue mission?
China has less time to defuse its debt bomb and address domestic financial risks after the US Federal Reserve set out a timetable to steadily increase interest rates and sell off bonds to shrink its…
Hainan Airlines Inaugurates Direct Air Service Between Beijing and Belgrade
BELGRADE, Serbia, Sept. 22, 2017 /PRNewswire/ — The first flight of the new service, Hainan Airlines HU7937, which took off from Beijing Capital International Airport, landed successfully at Belgrade Nikola Tesla Airport at 9:20 am…
INSTANT VIEW 1-S&P downgrades China’s rating, citing increasing economic, financial risks
BEIJING, Sept 21 (Reuters) – S&P Global Ratings cut China’s long-term sovereign credit ratings by one notch to ‘A+’ from ‘AA-‘ on Thursday, saying its prolonged period of strong credit growth has increased its economic…
China tightens banking screws on North Korea, but rejects Trump’s talk of total ban
BEIJING — China has tightened the financial screws on North … Indeed, the Reuters news agency reported that China’s central bank had issued a formal, written order to banks this week ordering them to strictly…
Tencent launches ad suite for US brands looking to reach Chinese consumers
The suite provides brands with the opportunity to increase sales among Chinese consumers by engaging them both in China and abroad in places like Tencent’s massively popular messaging app WeChat. In addition to the offerings,…
China online insurer ZhongAn prices Hong Kong IPO at top end, raises $1.5 billion – IFR
ZhongAn Online Property & Casualty Insurance Co 6060.HK> priced its IPO at the top of an indicated range, raising $1.5 billion(1.10 billion pounds) in Hong Kong’s biggest ever financial technology stock offering, IFR reported on…
Shanghai May Beat Hong Kong in IPO Fundraising
had ranked first for the last two years by amount of money raised through IPOs. Last year, its largest listing was the Postal Savings Bank of China, which raised HK$57.6 billion during the third quarter.…
Chinese online insurer ZhongAn raises $1.5bn in IPO
ZhongAn Online Property & Casualty Insurance’s IPO priced at the top of its range at HK$59.70 per share, according to people familiar with the deal. ZhongAn is backed by some of China’s largest online financial…
