Investors are heaving a sigh of relief after reports Beijing is weighing up a rescue of state-backed financial giant China Huarong Asset Management.
FINANCE
China trade: imports grow at fastest pace in a decade as trade surge continues
China’s exports grew by 27.9 per cent in May compared with a year earlier, while imports grew by 51.1 per cent last month.
In China, a little-known EV maker is leaving Tesla in the dust
Since last July, a little-known automaker in China’s southwest has dominated the world’s largest electric car market, outselling bigger players and even Tesla Inc. almost every month with a tiny, bare …
China Bourse May Crack Resistance At 3,600 Points
The China stock market on Friday ended the two-day slide in which it had stumbled more than 40 points or 1.2 percent. The Shanghai Composite Index now sits just above the 3,590-point plateau and it…
Agricultural Bank of China Limited
Agricultural Bank of China Limited’s IDRs are based on Fitch Ratings’ extremely high expectation that it would receive timely e …
China’s tech clampdown is spreading like wildfire
Chinese authorities are targeting hundreds of apps in a push to clean up the country’s fast-growing, freewheeling internet sector …
China to hand out $6.2M in new digital yuan trial in Beijing
Starting in June, the program features “red envelopes” — a traditional way of gifting money, with each providing a free online wallet containing 200 digital yuan.
China’s Tech Clampdown Is Spreading
The latest salvos in China’s campaign against its tech companies make one thing clear: Jack Ma’s businesses aren’t the only ones under the regulatory microscope.
Beijing’s new chief diplomat in Hong Kong says battle against ‘foreign forces’ his top priority, dubs 2019 protests a ‘colour revolution’
Meddling by ‘forces trying to seize power and seek subversion’ at core of issues facing city, Liu Guangyuan says at first press briefingOffice will also help residents grasp opportunities presented by …
China Authorizes Vaccine for Kids; U.K. Plans: Virus Update
The U.K. will accelerate its vaccination program in a bid to stay on its path out of lockdown, the Telegraph reported. Meanwhile, civil servants are drawing up contingency plans to delay the June 21 …
Hungary leader Viktor Orban’s China ties to become election issue, as outcry over Fudan University campus grows
The centre of the furore is Hungary’s plans to build a satellite campus for Shanghai’s Fudan University in Budapest.
Biden’s Blacklist Offers an Olive Branch to Beijing
President Joe Biden’s blacklist on investment in Chinese companies offers the kind of compromise that could help steady relations, though it likely won’t be enough to inspire Beijing to reciprocate …
Exclusive: China pushes Huarong to sell non-core units, mulls implicit support – sources
China is pushing China Huarong Asset Management Co to sell non-core assets, two people involved in the revamp told Reuters, while considering offering an implicit guarantee of the liabilities of the …
