If finalized, the proposal could serve as a model for harmonizing with the rest of China’s complex financial system which, despite green ambitions, still invests in the expansion of coal power. This … ( read…
FINANCE
UPDATE 1-China’s new bank loans in July fall more than expected to $143 bln
New bank lending in China fell more than expected in July from the previous month, but broad credit and liquidity growth quickened as the central bank sought to support a gradual economic recovery. ( read…
China July New Bank Loans Fall to 992.7 Billion Yuan, Below Forecast
Analysts polled by Reuters had predicted new yuan loans would fall to 1.20 trillion yuan in July, down from 1.81 trillion yuan in the previous month and compared with 1.06 trillion yuan a year earlier…
Xinhua Silk Road: China Liuyang releases investor-inviting cultural tourism program to sharpen city image
China’s fireworks hometown Liuyang, a city located in central China’s Hunan province, has recently released an announcement to invite global investors for the Liuyang River cultural tourism program. ( read original story …)
Macau casino stocks soar as resumption of mainland China tourist visas promises to boost battered gaming revenues
Macau casino stocks soared on Tuesday on the much-awaited resumption of mainland China tourist visas after the coronavirus left baccarat tables empty and slot machines untouched, causing a 90 per cent … ( read original…
New U.S. sanctions add uncertainty for global banks looking to tap China market
After decades of keeping the mainland financial market relatively closed to foreigners, the central Chinese government began to roll back restrictions on investment and ownership in the last two years … ( read original story…
Economic Data Puts the EUR and the U.S Dollar in Focus as U.S – China Tension Lingers
Economic data puts the EUR and the Dollar in focus as riskier assets find further support. Economic data and Trump’s executive orders remain risk positive. ( read original story …)
China’s unrelenting crackdown on Hong Kong
Monday’s arrests underscored the speed with which the former British colony’s political freedoms — including rights to assembly and freedom of the press — are being curtailed by Beijing. ( read original story …)
Total (China) Investment Partners With Alibaba to Drive Its Digital Transformation
Investment Partners with Alibaba to Drive its Digital Transformation. Customers will be able to enjoy seamless shopping experience. ( read original story …)
Tough-to-Impress Harvard Grad Molds Fortunes of China’s Richest
In a market where billions slosh around in search of the next big thing, Tony Zhang’s decade of wagering on Chinese startups has made him cautious.That’s how he approached his first meeting with Neo ……
Beijing is moving to demolish one of the only Hong Kong newspapers it doesn’t control
The arrest of Jimmy Lai and the raid on Apple Daily’s offices mark a dramatic step-up in Beijing’s assault on Hong Kong’s media. ( read original story …)
Breakingviews – China bank failure fires quiet warning shot
Beijing will let Baoshang Bank go under in the first such insolvency since 2001 – a quiet warning shot fired at Chinese financial markets. The liquidation of the municipal lender, used as a piggy bank…
China ex-regulator warns on bank funding risk as NCD issues boom
The former head of China’s securities regulator has raised concern about banks addressing funding shortages by ramping up issues of short-term interbank debt instruments that have in the past … ( read original story …)
