China’s benchmark lending rates will likely be set lower next Monday, after standing still for 20 months, according to a Reuters flash poll, highlighting Beijing’s monetary policy divergence with …
FINANCE
Hong Kong the ‘most important’ channel for financial activity between U.S. and China: Advisory firm
Kurt Tong of The Asia Group says he doesn’t foresee either a “full-on” financial decoupling between the U.S. and Hong Kong or the U.S. and China, but the situation is becoming more “cumbersome.” …
China’s new foreign-friendly financial market rife with opportunities, but limits still abound
If authorities remove the “execution-only” restriction in WM Connect, money flows in the channel could grow ten times bigger than the $22.5b quota, says EY’s Christine Lin. China opening up its …
BEST Inc. Completes Sale of its Express Business in China
BEST Inc. (NYSE: BEST) (“BEST” or the “Company”), a leading integrated smart supply chain solutions and logistics services provider in China, today announced the closing and completion of its …
China’s ‘buy now, pay later’ market is growing — but challenges remain
China’s buy now pay later market is set to grow — but the industry is still at a nascent stage, and challenges lie ahead, experts told CNBC.
China Ramps Up Iran Oil Purchases After Getting New Quotas
China ramped up its buying of cheap Iranian crude last month after independent refiners were granted additional import quotas for 2021.Most Read from BloombergAcross the U.S., School Shooting Threats …
China Industrial Hub Tightens Curbs; Biden Warning: Virus Update
China’s southern Guangdong province is tightening Covid restrictions after a new cluster of infections emerged in the country’s manufacturing hub. Meanwhile, President Joe Biden warned that …
Debt risks of China’s local govts generally under control: MOF
China’s Ministry of Finance (MOF) said on Thursday that the debt risks of local governments in the country are generally under control. By the end of 2020, local governments in China had 25.66 …
China allows Tencent to publish app updates again after suspension
Chinese regulators have given Tencent Holdings approval to publish updates to nine of its mobile apps including QQ Music and WeCom, media reported on Friday. Chinese media outlet The Paper reported …
China Revises 2020 GDP Growth Down Slightly to 2.2% Y/y – Stats Bureau
China has revised its 2020 gross domestic product (GDP) growth to 2.2% year on year, down from 2.3% previously, according to a notice from the National Bureau of Statistics on Friday. China often …
Postal Savings Bank’s US$47 million ‘green loan’ to Shanxi coal producer draws scepticism of environmental think tanks
Some market observers say the US$47 million loan, which comes with no environmental conditions, undermines Beijing’s climate goals.
China and Russia pledge to step up efforts to build independent trade network to reduce reliance on US-led financial system
Presidents Xi Jinping and Vladimir Putin agree to accelerate attempts to create a system that cannot be influenced by ‘third parties’ …
Xpeng becomes China’s first smart EV maker to be fined for data privacy violation
Regulators fine Xpeng Motors 100,000 yuan (US$15,710) for collecting consumer data without their consent at seven showrooms.
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