China targeted large caps in Shanghai, now it’s letting some air out of high-flying tech startups in Shenzhen. ( read original story …)
FINANCE
China Plans to Test Digital Yuan on Food Delivery Giant’s Platforms
China’s central bank is planning to test its digital currency on platforms operated by Meituan Dianping, enlisting the food delivery giant backed by Tencent Holdings Ltd. in a major step toward the … ( read…
WRAPUP 1-Organiser of HK pro-democracy primaries steps down amid Beijing pressure
A key organiser of primary elections for Hong Kong’s pro-democracy camp said on Wednesday he was stepping down after Beijing said the vote may violate the new national security law and could amount to ……
China raises alarm on property bubble as ‘high-risk shadow banking’ returns amid virus lending push
To reboot the economy, China’s central bank has increased the amount of money available to banks to lend, a portion of which has been illegally funnelled into real estate. ( read original story …)
China cbank injects $57 bln via medium term loans, keeps rate unchanged for 3rd straight month
China’s central bank on Wednesday rolled over maturing medium-term loans while keeping borrowing costs unchanged for the third straight month in a row. ( read original story …)
Trump ends Hong Kong preferential status in response to ‘oppressive’ Chinese actions against city
President Donald Trump on Tuesday ordered an end to Hong Kong’s special status under U.S. law to punish China for what he called “oppressive actions” against the former British colony. ( read original story …)
Trump Ends Hong Kong Trade Preferences, Backs Banking Sanctions
US President Donald Trump said Tuesday he was ending trade preferences for Hong Kong and signed into law an act that authorizes sanctions on banks over China’s clampdown in the international finance … ( read…
A Spate of Bank Runs Breaks Out in China, Fueled by Social Media
Social media-fueled rumors about banks collapsing are popping up at an unprecedented frequency in China, forcing regulators and even the police to step in to calm depositors. ( read original story …)
Trump signs bill, order rebuking China, and slams Biden
President Donald Trump signed legislation and an executive order on Tuesday that he said will hold China accountable for its oppressive actions against the people of Hong … ( read original story …)
Trump signed law slapping sanctions on China for interference in Hong Kong
President Donald Trump said Tuesday that he signed legislation to impose sanctions on China in response to its interference with Hong Kong’s autonomy. Trump also said in the White House Rose Garden … ( read…
Trump signs Hong Kong sanctions bill in blow for China
Signing the sanctions bill into law marks the Trump administration’s latest move to punish China for its new national security law. ( read original story …)
Fmr. Asian policy analyst says U.S.-China relationship now long-term competition
Dewardric McNeal, Longview Global managing director and former Asian policy analyst at the Department of Defense, joins “Closing Bell” to talk about the U.S. and China relationship. ( read original story …)
Trump ends special treatment for Hong Kong, rips Biden for weakness on China
President Donald Trump signed a bill and executive order Tuesday sanctioning Chinese officials and ending the special treatment of Hong Kong. ( read original story …)
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