China tensions over the South China Sea escalated on Wednesday with Beijing firing four missiles into the disputed waterway and the Trump administration strengthening action against companies that … ( read original story …)
FINANCE
Trump’s Pick for Latin Bank Wants to Counter China Influence
A senior adviser to U.S. President Donald Trump said he would build the Inter-American Development Bank into a financial heavyweight to counter China’s influence in the Western Hemisphere should he … ( read original story…
Mike Pompeo renews attack on HSBC as bank walks line between US and China
The Trump administration is waging an escalating campaign against China, which the US has censured over trade, coronavirus and spying claims amid renewed tensions in the South China Sea. Mr Pompeo has … ( read…
The Finance 202: Trump allies tout breakthrough trade deals. The gains have been modest at best.
Jason Joyce, an eighth-generation Maine lobsterman, told the Republican National Convention on Tuesday that President Trump has “followed through on his promises,” and if he is reelected, “fishing … ( read original story …)
Trump Candidate for Latin Bank Wants to Counter China Influence
A senior adviser to U.S. President Donald Trump said he would build the Inter-American Development Bank into a financial heavyweight to counter China’s influence in the Western Hemisphere should he … ( read original story…
China’s STAR Board Defies Financial Gravity in a Hot Market
Shares listed on the mainland’s year-old Nasdaq-style technology board are trading at huge premiums to near-identical stocks in Hong Kong. ( read original story …)
China’s central bank injects liquidity into market via reverse repos
China’s central bank Wednesday pumped cash into the banking system via reverse repos to maintain liquidity. The People’s Bank of China injected 200 billion yuan (about 28.9 billion U.S. dollars) into … ( read original…
China state-owned firms’ Jan-July profits down 30.4% y/y – finance ministry
July period fell 30.4% from a year earlier to 1.48 trillion yuan ($214.34 billion), the finance ministry said in a statement on Wednesday. ( read original story …)
Central bank plans more rate reforms to cut borrowing costs
The People’s Bank of China, the central bank, said on Tuesday that it would continue to use interest rate reforms to further lower the borrowing costs for companies and clarified that despite … ( read…
Beijing’s push for mass Covid testing in Hong Kong commits the cardinal sin of public health
Hong Kong’s leader slammed scientists who questioned the government’s universal testing scheme as an attempt to “smear” the local and Beijing governments. ( read original story …)
China Central Bank Injects $29 Billion Via Reverse Repos
On the day, a batch of 150 billion yuan worth of reverse repos is set to mature, leaving the People’s Bank of China to inject 50 billion on a net basis via the liquidity tool.…
China determined to keep ‘normal’ monetary policy: cenbank official
China will maintain a “normal” monetary policy, a senior central bank official said on Tuesday, as Beijing holds off on more easing as its post-COVID economic recovery gathered pace. ( read original story …)
China’s Xi Warns ‘Period of Turbulent Change’ as External Risks Rise
Chinese President Xi Jinping warned that the world’s second-biggest economy is facing a period of ‘turbulent change’ and that rising external markets risk required policymakers to increasingly rely on … ( read original story …)
