The world doesn’t have to put up with Beijing’s attempts at economic coercion. A British court will decide the fate of the Wikileaks founder, who faces an 18-count indictment in the United States. ( read…
FINANCE
China accuses US of breaching market rules in NYSE delisting
US government order leading to the impending January 11 delisting of three Chinese telcos from the New York Stock Exchange is politically motivated and violates market rules, says China Securities … ( read original story…
China’s tweaks to CFETS index basket could drive yuan higher – analysts
China’s decision to cut the weighting of the U.S. dollar in a key currency index basket could push the yuan’s value higher against its peers this year, some analysts said. ( read original story …)
China makes debt rating agency pay for default, in a precedent for legal and financial service firms to be responsible for their work
The Hangzhou court’s ruling sets the precedent for bond underwriters, accounting and law firms to be financially responsible for bondholders’ losses, potentially offering a new road map for handling … ( read original story …)
China Banks, Developers Slump as Beijing Caps Loans to Curb Risk
Shares of Chinese banks and developers tumbled on Monday after regulators made an unprecedented move to cap loans for the real estate sector, the latest effort to snuff out systemic risks. ( read original story…
China Makes Rating Firm Pay for Debt Defaults for First Time
A Chinese court ruled that a local ratings firm should help compensate some creditors for a construction firm’s 1.4 billion yuan ($216 million) bond defaults three years ago, a first in the country as ……
China’s central bank faces tricky balance to support liquidity
The People’s Bank of China has taken steps to ease financial conditions after interbank rates doubled in the second half of the year, reflecting the challenge it faces in navigating a return to normal ……
Beijing’s pro-monopoly antitrust effort poses risks to CPC’s power
If the CPC cracks down on private firms, while leaving SOEs alone, private-sector confidence will dwindle, and the economy will become less productive, innovative and efficient … ( read original story …)
China’s State Capitalism Collides With Its Technological Ambitions
The enduring power of China’s state-owned enterprises to siphon off resources and box out competitors still looks like a potential Achilles’ heel for the country. ( read original story …)
China banking regulator warns of excessive online borrowing
China’s top banking regulator has urged consumers to make rational use of loan products and obtain financial services from regular institutions and channels to avoid falling into debt traps. Some … ( read original story…
China to work with Asean to further enrich partnership, says Finance Minister
China stands ready to work with Asean to further enrich the strategic partnership and usher in a new era of peace, development and cooperation for the region, said Chinese State Councilor and Foreign … (…
Chinese tech billionaire Jack Ma VANISHES from his own reality show as Beijing launches probe into his ‘monopoly’
Chinese tech billionaire Jack Ma has vanished from his own reality TV show as Beijing launches a probe into alleged monopoly. It comes after Chinese regulators announced an anti-monopoly investigation … ( read original story…
China’s banking regulator calls for rationality, stability in China-US relationship
China’s top banking and insurance regulator called for the United States government to promote a stable and healthy China-US relationship on Thursday. “The cooperation between China and the US is … ( read original story…
