China’s central bank said Ant Group Co. is working on a timetable to overhaul its business while ensuring operations continue, offering little clue on how far the financial technology giant needs to … ( read…
FINANCE
HBL’s Beijing branch to start operations in February
Beijing branch is expected to commence its operation and offer a full range of products and services in February this year, an official of the branch said on Thursday. Its head office will allocate to…
China bans banks from selling deposit products on third-party internet platforms
China’s banking and insurance regulator on Friday banned commercial banks from using third-party internet platforms to sell deposit products, including those relating to fixed-term deposits. The move … ( read original story …)
China Central Bank Says Ant Is Working on Timetable for Overhaul
China’s central bank said Ant Group Co. is working on a timetable to overhaul its business while ensuring operations continue, offering little clue on how far the financial technology giant needs to … ( read…
China’s current interest rate levels appropriate -c.bank official
China’s current interest rate levels are appropriate, Sun Guofeng, the head of the central bank’s monetary policy department, told a news conference on Friday. ( read original story …)
China Says Firmly Opposes New U.S. Sanctions
China firmly opposes new sanctions by the United States on its officials and companies over accusations of misdeeds in the disputed South China Sea, as well as an investment ban on nine more of its…
US development bank strikes deal to help Ecuador pay China loans
The US International Development Finance Corporation has struck a deal that will help Ecuador repay billions of dollars in loans to China and boost development in exchange for excluding Chinese … ( read original story…
A Year After Covid Began, China’s Economy Is Beating World
China’s economic ascent is accelerating barely a year after its first coronavirus lockdowns, as its success in controlling Covid-19 allows it to boost its share of global trade and investment. ( read original story …)
China Unexpectedly Drains Cash as Leverage Builds in Bonds
China’s central bank drained cash from the financial system this month after excess liquidity pushed an interbank borrowing cost to an all-time low. ( read original story …)
China’s EV funding war: what do US$1.3 billion of oversold notes say about NIO’s prospect in world’s biggest vehicle market?
Electric carmakers are rapidly raising funds and diversifying capital structures while their stocks fly high. They will still need to fight for every dollar to fund the electrification of the industry … ( read original…
China Unexpectedly Drains Liquidity as Leverage Builds in Bonds
China’s central bank drained cash from the financial system this month after excess liquidity pushed an interbank borrowing cost to an all-time low. ( read original story …)
China EV capital war: what electric vehicle maker Nio’s latest convertible notes say about its changing fortunes
Electric carmakers are rapidly raising funds and diversifying capital structures while their stocks fly high. They will still need to fight for every dollar to fund the electrification of the industry … ( read original…
US-China trade war deal reaches first anniversary as bilateral mistrust hits ‘all-time high’
One year after signing the phase one trade deal, China lags far behind in its purchases of American goods and its trade imbalance with the US has only grown. ( read original story …)
