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 …)
FINANCE
China Seen Slowing Cash Injections as Leverage Builds in Bonds
China’s central bank will likely reduce the amount of one-year cash it offers lenders this month after excess liquidity pushed an interbank borrowing cost to an all-time low. ( read original story …)
The Finance 202: Biden to roll out trillion-dollar economic relief package amid fraught transition
As a lame-duck President Trump gets plucked and gutted, his successor is laying plans for a massive economic relief package. President-elect Joe Biden’s proposal, likely debuting today, is expected to … ( read original story…
Habib Bank Limited to open branch in Beijing 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…
HBL Beijing branch to open in Feb.
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 told China Economic Net. Its head office will ……
China Stock Index Heads Toward Record in Best Ever Start to Year
The priciest equities in more than five years are proving no deterrent for stock traders in China, where the benchmark is now nearing its all-time high. ( read original story …)
Is Beijing About to Make an Example Out of Jack Ma?
Speaking at a financial conference in Shanghai last fall, Jack Ma, China’s most famous entrepreneur, started his speech with a disclaimer: “If you think my advice doesn’t make sense, just forget about … ( read…
China Hitting the Accelerator Will Fire Markets
And now the CSI-300 has at last exceeded that 2015 bubble, to hit a 12-year high: Across the East China Sea, Japan is also at last making historic progress in recovering from a far greater…
China’s central bank conducts 2 billion yuan of reverse repos
China central bank on Friday conducted 2 billion yuan about 3089 million US dollars of reverse repos to maintain reasonably am … ( read original story …)
China fintech: banking and insurance watchdog CBIRC lays out ways it may punish risky consumer finance companies
The rating system comes as China clamps down on its rapidly growing consumer finance sector, citing systematic risk and customer complaints. ( read original story …)
Financial Technology Is China’s Trojan Horse
But China’s emerging dominance in financial technology, also known as “fintech,” poses an even more fundamental problem for the United States. Washington cannot trust that the Chinese Communist Party … ( read original story …)
China Tightens Oversight of Consumer Finance Firms With Scoring
China’s banking regulator is strengthening oversight of consumer finance firms with a new annual scoring system, continuing to step up scrutiny as the likes of Ant Group Co. are setting up new units … (…
Beijing administrative center becomes highland for emerging industries
Despite the freezing cold, construction on a museum, a theater, and a library in eastern Beijing’s Tongzhou District is progressing in full swing. The projects are set to be the landmarks of the … (…
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