HSBC is preparing to fend off a barrage of questions over its relationship with Beijing when it speaks to investors next week, as bosses fight to stay out of a diplomatic stand-off with the West.…
FINANCE
China needs to weigh economic ‘consequences’ of coronavirus stimulus, top Beijing researcher says
Gao Peiyong, vice-president at Chinese Academy of Social Sciences, says China needs to evaluate the economic consequences of its coronavirus stimulus. ( read original story …)
China Development Bank to sell green bonds in interbank, exchange markets – sources
China Development Bank CHDB.UL is planning to auction green bonds on Wednesday in both interbank and exchange markets, six sources with direct knowle … ( read original story …)
Gold surges, Asian stocks mixed amid US-China feud, pandemic
The price of gold has surged to a record of more than $1,926 per ounce and Asian stock markets are mixed amid unease about U.S.-China tensions and concern a recovery from the coronavirus pandemic migh…
EDITORIAL: A tough spot in global finance
Since the protests in Hong Kong over an extradition bill and Beijing’s imposition of sweeping national security legislation, there has been speculation about which city can replace it as a financial … ( read original…
China Development Bank steps up support for manufacturing upgrade
BEIJING, July 26 (Xinhua) — China Development Bank (CDB) has boosted loan support to manufacturing companies in the first half of the year to facilitate transformation and upgrade of the sector. In … ( read…
China warned to prepare for ‘big rise’ in bad loans as financial system braces against coronavirus, rising global tensions
China’s banking regulator has asked the country’s lenders to make preparations for a “big rise” in non-performing loans as part of Beijing’s efforts to brace its financial system for shocks from the … ( read…
China Finance Online Reports 2020 First Quarter Unaudited Financial Results
China Finance Online Co. Limited (“China Finance Online”, or the “Company”, “we”, “us” or “our”) (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investor … ( read original story …)
China Finance Online: 1Q Earnings Snapshot
BEIJING (AP) — China Finance Online Co. (JRJC) on Friday reported a loss of $1.9 million in its first quarter. On a per-share basis, the Beijing-based company said it had a loss of 83 cents.…
Many in Beijing still hopeful U.S.-China relations can improve, see current tensions as ‘temporary’
Scholars from the government-backed think tank China Institute of International Studies said Friday that they see tensions between the U.S. and China as temporary and largely tied to the current … ( read original story…
AIIB makes first loan to Vietnam bank amid South China Sea tensions
HANOI — Beijing-led Asian Infrastructure Investment Bank has approved a loan of $100 million to a Hanoi-based commercial bank, its first commitment to a Vietnamese bank as bilateral tensions grow … ( read original story…
China Fortifies Hong Kong’s Role as Financial Powerhouse
China’s tightening grip on Hong Kong has some in the West predicting the city’s days as a global financial center are numbered. Beijing, however, is betting the former British colony will grow into a ……
U.S. Exim Bank Out to Displace China After Record Loan in Africa
Import Bank of the U.S. opened a new front in the trade war between America and China with its biggest loan yet in sub-Saharan Africa, as it plans to compete more aggressively on the continent.…
