LONDON (Reuters Breakingviews) – Relations between the world’s two largest economies were already tense, and Russia’s invasion of Ukraine has further increased the pressure. In this episode of The …
FINANCE
Luokung Announces Acquisition of Beijing Hongda Jiutong Technology Development Co., Ltd
Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services (“LBS”) and …
Colombo asks Beijing for another 2.5 billion in loans
The amount would be added to the 2.8 billion the Chinese have granted since the outbreak of the pandemic. New economic agreements also with India. Blackouts continue due to lack of fuel. Colombo …
China steps up social credit system for financial market
China released a document on building a high-quality social credit system on Tuesday, in a bid to promote the efficiency of supply-demand connection, optimize the allocation of resources and build a …
China Blows $46 Billion A Month With ‘Zero-Covid’ Fiasco
Economists everywhere are obsessed with whether China can make this year’s 5.5% gross domestic product target. But two other figures will say far more about how Asia’s biggest economy might affect the …
Bank of China Sees Fastest Profit Growth in 2013 on Recovery
Bank of China Ltd. reported its biggest profit increase in almost a decade last year as lending momentum recovered in the second year of the pandemic and a build up in bad loans eased.
Kuaishou Sales Top Estimates in Defiance of China Slowdown
Kuaishou Technology’s revenue beat estimates, defying China’s economic slowdown despite intensifying competition with TikTok-owner ByteDance Ltd.Most Read from BloombergLow-Priced Omega Speedmaster …
China’s central bank conducts 150b yuan of reverse repos
BEIJING – China’s central bank on Tuesday conducted 150 billion yuan ($23.57 billion) of reverse repos to maintain liquidity in the banking system. The interest rate for the 7-day reverse repos was …
Shanghai Clearing House Keeps China’s Financial Markets Ticking Amid Covid Lockdown
Shanghai Clearing House, the only centralized clearing agency in China’s interbank market and one of the country’s three largest bond issuance registration, custody and settlement institutions, is …
China Appoints New Government Advisers to Central Bank
China named a newly-appointed statistics bureau chief and a vice finance minister to become advisers to the central bank, replacing two members from those departments who have left their positions.
Citic Becomes China Huarong’s Largest Shareholder in Overhaul
China Huarong Asset Management Co. said state-owned Citic Group will replace the Ministry of Finance as its largest shareholder, marking the latest step in the overhaul of the troubled bad-debt …
Ukraine war: risk of sanctions puts China stocks in valuation, geopolitical traps as companies face Russia dilemma
Chinese stocks are on ‘cheap sale’ after a US$2.4 trillion sell-off in both onshore and offshore markets since Russia invaded Ukraine What investors cannot price, however, is the risk of sanctions on …
China locks down Shanghai as Omicron fuels record surge in COVID cases
Locking down the entire global financial hub’s population of 25 million all at once was deemed too big a risk, so it has been split in half for a phased shutdown.
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