For reference, a U.S. big bank’s interest rate for loans for small businesses is set between 5% and 11%, fully taking into account risk-based pricing. China is experiencing an economic downturn, and w… ( read…
FINANCE
China will cut banks’ reserve requirements, taxes: Premier Li
China will also step up “countercyclical adjustments” of macro policies and further cut taxes and fees, Li said. Li made the statement at a meeting with officials of the country’s banking and insuranc… ( read…
China urges banks to boost small business financing
and Bank of China and hosted a forum at the China Banking and Insurance Regulatory Commission, according to a cabinet statement. Mr Li said the government would increase counter-cyclical adjustment po… ( read original story…
China stocks rebound, financial firms lend support; Hong Kong rises
SHANGHAI, Jan 4 (Reuters) – China stocks bounced back from a more than four-year low on Friday, as optimism about trade talks with the United States helped sooth investor nerves and after a private su……
China, U.S. Vice Ministers to Hold Trade Talks Starting Monday
(Bloomberg) — Sign up for China Rising, a new weekly dispatch on where China stands now and where it’s going next. China said a U.S. delegation will visit next week for trade talks, confirming the…
Beijing confirms US trade talks amid rising diplomatic tension
Chinese officials are set to meet with their US counterparts for trade talks in Beijing on January 7 and 8 … last month of Meng Wanzhou– Chinese telecoms group Huawei’s chief financial officer – in…
Young Beijing shoppers’ appetite for latest iPhones wanes
There were long queues around the block when Apple opened its first store in China, in Beijing’s trendy Sanlitun shopping … a 26-year-old working in finance, who was browsing inside a small Huawei s… (…
As Apple feels the pinch of China’s stumbling economy, experts fear Canada is next
While Apple’s stunning announcement this week shook financial markets, its cause could shake the … But there could be a much larger indirect effect, given China’s outsized impact on the global econo… ( read original…
KBank looks to startup tech to support the digital bank
KBANK China has plan to inject Bt8 billion in Chinese startups within the next five years in order to utilise disruptive technology to support the digital bank. Vongpat Bhuncharoen, president of KBank … ( read…
Policy change at China’s bank of Kunlun cuts Iran sanctions lifeline
Bourse and Bazaar | Maziar Motamedi: Bank of Kunlun, the state-owned bank at the heart of China’s trade with Iran, has made a dramatic change in its policies, informing clients that it will no longer…
Munster: China is only two-thirds of Apple’s problem
But while Cook “probably emphasized a little more on the China impact, we see that as two-thirds of the reason for the shortfall,” Loup Ventures Managing Partner Gene Munster said on Yahoo Finance’s M… (…
China warnings signal Trump’s trade war finally hitting home
China, the world’s second largest economy, likely expanded at more than 6 percent last year, reflecting a slowdown from years past and, in recent months, its most tepid rate since the depths of the gl……
Apple’s slowdown in China ripples through global financial markets
Global markets shuddered Thursday after Apple said China is buying fewer iPhones, amplifying fears that the world’s second-biggest economy is fading. Apple chief executive Tim Cook pointed to the unfo… ( read original story …)