Growing geopolitical tensions and pulled initial public offerings have done little to damp the appetite of Western banks for Hong Kong and China.Standard Chartered Plc Chief Executive Officer Bill …
FINANCE
China’s Delta Outbreak Curbs Spending, Prompting GDP Downgrades
China’s broadest Covid-19 outbreak since the beginning of the pandemic in late 2019 is hampering tourism and spending during the peak summer holiday, prompting analysts to review their economic growth …
Bitcoin mining crackdown in China is a boon for Texas
John King knew his small town of Rockdale, Texas, had landed on the global crypto map when three Chinese bitcoin miners showed up at City Hall unannounced this summer.
Fitch Affirms China’s LVGEM at ‘B’; Outlook Stable
Fitch Ratings has affirmed LVGEM (China) Real Estate Investment Company Limited’s Long-Term Foreign-Currency Iss …
China sets new ‘buy Chinese’ targets for state firms
China’s government quietly issued new procurement guidelines in May that require up to 100 percent local content on hundreds of items including X-ray machines and magnetic resonance imaging equipment, …
Ex-World Bank boss warns against fighting ‘cold war’ with China amid ‘critical challenges’
A COLD War between the West and China would make it impossible to fight other “critical challenges” humanity faces, a former World Bank boss has warned.
Bank helps Hong Kong staff navigate China security law
Efforts by Standard Chartered to keep its 6,000 staff in Hong Kong “out of trouble” by helping them to deal with the national security law imposed on the ter …
Investment Banking Developments in China & Hong Kong
Clean energy is having a big impact on many industries, including banking and financial services. One of the key investment banking developments in China & Hong Kong is the remodeling of sectors such …
China CB assures liquidity
BEIJING: China’s central bank pumped cash into the money market in July to meet liquidity demand from financial institutions. A total of 100 billion yuan (about $15.47 billion) was injected into the …
Why China’s rise to financial dominance is inevitable
The great powers in history have tended to have one thing in common – size matters. While a large market does not guarantee dominance in other realms, it certainly helps, perhaps more than any other…
GT Voice: Overseas investors’ enthusiasm highlights China’s financial appeal
Overseas investors are taking advantage of the A-share volatility to buy up Chinese stocks. The northbound trading through the Shanghai-Hong Kong and Shenzhen-Hong Kong stock connects on Tuesday saw a …
China vows to crack down on high-risk banks as economy’s post-coronavirus rebound slows
Chinese regulators say they will “spare no effort” as part of a clamp down on high-risk financial institutions, including using targeted anti-corruption investigations, amid a flush of liquidity …
HSBC may be the most exposed bank if China imposes anti-sanction laws on Hong Kong
Ronald Wan of Partners Financial Holdings says financial institutions in Hong Kong generally will be in a “sensitive position” if China imposes anti-foreign sanctions law on Hong Kong. But, he says …
