Even as official financial decoupling progresses, US and other financial firms are – with China’s blessing – building asset management, securities, life insurance, fintech, and custody businesses in … ( read original story …)
FINANCE
UPDATE 2-China central bank says to cap property loans by banks
China’s central bank issued a regulation on Thursday to cap property loans by banks, as authorities shift their attention back to debt risks and look to guard against any overlending to the property … (…
China Caps Bank Loans to Real Estate to Curb Systematic Risk
China’s regulators plan to cap banks’ lending to the real estate sector for the first time, in their latest efforts to guard against systematic risks and ensure financial stability after a series of … (…
UPDATE 1-China central bank says to cap property loans by banks
China’s central bank issued a regulation on Thursday to cap property loans by banks, as authorities shift their attention back to debt risks and look to guard against any overlending to the property … (…
China Considers Requiring Ant to Sell Finance Investments, Source Says
Chinese regulators are studying plans to force Ant Group Co. to divest equity investments in some financial companies, curbing the company’s influence over the sector, according to a person familiar … ( read original story…
China Caps Bank Lending to Real Estate to Curb Systematic Risk
China’s regulators plan to cap banks’ lending to the real estate sector, in their latest efforts to guard against systematic risks and ensure financial stability. ( read original story …)
Beijing can open more doors for ‘global’ UK
It gives the UK what Prime Minister Boris Johnson calls a “Canada plus plus” arrangement, which incorporates the main features of the EU-Canada trade deal of 2016, but without any of the quotas or ……
Mid-Day Market Update: China Finance Online Drops After Q3 Earnings; Hepion Pharmaceuticals Shares Surge
Midway through trading Wednesday, the Dow traded up 0.58% to 30,511.01 while the NASDAQ rose 0.31% to 12,889.63. The S&P also rose, gaining 0.37% to 3,740.85. ( read original story …)
Jack Ma’s wealth tumbles by $12 billion in 2 months as China seeks to shrink the billionaire’s financial empire
Jack Ma’s net worth has dropped from about $62 billion to $50.9 billion, according to the Bloomberg Billionaires Index, as Beijing tightens its grip. ( read original story …)
China Heads into 2021 with Wind at Its Back
Chinese economic strength seems likely to continue in 2021 as global trade keeps recovering and consumers regain confidence. ( read original story …)
China-EU investment deal: Beijing appears to comply on human rights clauses but will it shift on trade unions?
The European Union sees the Comprehensive Agreement on Investment as a tool to help eradicate forced labour in China. ( read original story …)
China’s Central Bank Reiterates It Will Avoid Sharp Policy Exit
China’s central bank reiterated its pledge to avoid a sudden shift in monetary policy while it maintains necessary support for the economy’s recovery. ( read original story …)
Beijing is downplaying the importance of antitrust investigations against Alibaba
Beijing and the Chinese state media are trying to downplay the effects of the cartel investigation against Alibaba, according to the South China Morning Post. In the United States, shares in the … ( read…
