“The central government will give much importance to the Beijing stock exchange to provide support for SMEs,” said Wang Dan, chief economist at Hang Seng Bank China. Wang explained that Beijing has …
FINANCE
Beijing steps up monetary support
China ramped up financial support for small businesses and pledged better use of local government bonds as the economy showed further signs of a slowdown because of tight property controls and fresh …
For China’s Internet Companies, the Global Market Remains a Blue Ocean of Opportunity
China’s internet companies have polished their skills in the fierce domestic competition to serve users with low-cost and high-quality hardware and software. Thanks to the efforts of countless product …
John Kerry emissions talks in China, Poland declares state of emergency on Belarus border, India sees biggest spike in Covid case in two months
That is the warning from Chinese Foreign Minister Wang Yi in is meeting with US climate envoy John Kerry. Kerry’s visiting Beijing in an effort to pressure China to do more to curb carbon emissions.
China vows ‘protection’ of small businesses, with US$46 billion worth of new loans on tap
In yet another sign that its economic strategy is focused on the long game, Beijing has vowed to provide 300 billion yuan (US$46.4 billion) in new loans to the nation’s small and self-employed …
ByteDance downsizes finance-related business amid Beijing’s curbs on ‘irrational’ capital expansion
TikTok owner ByteDance, which has been diversifying its business beyond its widely popular short video-sharing app, has decided to downsize its financial services operations amid Beijing’s continued …
Beijing calls on France to ‘eliminate interference’ and push for better EU-China ties
Foreign Minister Wang Yi tells diplomatic adviser to the president that Paris should push to repair relations when it takes over rotating presidency of the bloc, in phone call ahead of European Union …
China to set up mainland’s third stock exchange in Beijing as Xi Jinping promises to set up more digital trade zones
Chinese President tells international services event that boosting the sector can help the post-Covid global recovery.
China’s financial markets are undergoing a purge, and US investors should get out while they still can
Make no mistake, what’s happening in China’s financial markets is a political purge, and there is no US investor who can be sure when it will end.
President Xi says China to set up stock exchange in Beijing
China’s President Xi Jinping on Thursday (Sept 2) said the country would set up a stock exchange in its capital, Beijing, to serve small and medium-sized companies.. Read more at straitstimes.com.
China Tells Meituan, Didi to Fix ‘Misconduct’ by Year-End
Chinese regulators ordered car-hailing services run by Didi Global Inc., Meituan and Alibaba Group Holding Ltd. to rectify instances of what the government considers misconduct by December, amping up …
China facing demographic, inflation risks ‘Japan never faced’, Beijing urged to act to avoid ‘big surprise’
Faced with new global demographic, inflation and deglobalisation challenges that even “Japan has never really faced”, China should take swift actions to counter their possible negative effects, a …
China Steps Up Monetary Support for Economy Hit by Virus
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.China ramped up financial support for small businesses and pledged better use of local government bonds …
