The Beijing city government on Monday told companies to avoid importing frozen food from high-risk nations, without naming any. The order comes after China found its first local asymptomatic … ( read original story …)
FINANCE
European Stocks Jump After China Data, Banking Rebound
Banking stocks gained 3.6%, bouncing off all-time lows hit last week. ArcelorMittal SA rose 8% after Cleveland-Cliffs agreed to buy the U.S. assets of the steelmaker for about $1.4 billion. ( read original story …)
The financial risks facing China’s banking sector and the Government
In an article entitled “Revisiting China’s Financial Asset Structure and Policy Implications”, Yi Gang, Governor of the People’s Bank of China (PBOC), analyzed the changes in China’s financial asset … ( read original story …)
China’s Factory Activity Likely Grew at Slightly Faster Pace in September: Reuters Poll
China’s manufacturing PMI indices may start to level off in September on softening industrial metals prices and with a survey by Standard Chartered showing new orders and output w … ( read original story …)
Beijing asks frozen food importers to shun countries with severe coronavirus
China’s capital called on importers on Monday to shun frozen food from countries suffering from severe novel coronavirus outbreaks after several cases of imported seafood products testing positive for … ( read original story …)
Here’s What Investors Think of China’s Latest Step Toward Financial Opening
China has taken another step toward opening its financial system to the rest of the world by expanding the range of investment options available to foreigners. ( read original story …)
Reserve Bank ‘too cautious’ with monetary policy
Beijing records over 100 cases Claremont serial killings trial winding to a close Former Reserve Bank insider Peter Tulip says the country’s central bank needs to be doing more to support the economy. ( read…
China Evergrande Jumps Over 10%, Says Making Progress on Debt Reduction
Evergrande also said the Hong Kong stock exchange had approved its plan to spinoff its property management business. Investors sold off China Evergrande’s shares and bonds on Friday after a leaked … ( read original…
Construction Has Stopped on a Residential Area in Beijing, China
Construction on a massive residential area has come to a halt just outside central Beijing on Sunday, September 27, 2020. China Construction Bank, the world’s second-largest lender by assets, reported … ( read original story…
China’s Ping An Insurance cements its place as HSBC’s biggest shareholder
Ping An Insurance Group Co (2318.HK) has increased its stake in Britain’s HSBC Holdings Plc (HSBA.L), making the Chinese insurer the company’s biggest shareholder with a 8% share. A unit of the … ( read…
‘Class war’: Trump adviser Navarro says it’s factory workers vs. finance, entertainment, tech — and NBA — on China
President Trump’s senior adviser says there’s a ‘class war’ between factory workers and more successful parts of the economy. ( read original story …)
China fines Luckin Coffee and more than 40 linked firms a total of $9 million
China’s markets regulator said on Tuesday it has fined a group of 45 firms including Luckin Coffee a combined 61 million yuan ($8.98 million) for acts linked to Luckin’s falsification of financial … ( read…
China Is Carrying a Small Stick
There’s a reason it hasn’t followed through on so many of its blistering threats of economic retaliation against the U.S. ( read original story …)
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