That was the message sent by markets on Tuesday, as all three major U.S. stock indices finished notably higher – despite the U.K. outright banning China communications powerhouse Huawei from making … ( read original…
FINANCE
China to further contain risks in shadow banking
China will further crack down on illegal activities in the shadow banking sector as part of efforts to contain financial risks, the country’s top banking authority said on Tuesday. The China Banking … ( read…
Futures rise with bank earnings in focus
U.S. stock index futures rose on Tuesday as investors geared up for quarterly earnings reports from the big U.S. banks to provide clues on corporate America’s expectations for the pace of an economic … (…
China posts first import growth since pandemic, exports also up
Exports also rose unexpectedly, up 0.5%, suggesting global demand is starting to pick up again as many countries begin to ease tough anti-virus measures that have pushed the world’s economy into its … ( read…
Britain bans China’s Huawei, handing US big win
Britain on Tuesday bowed to US pressure and approved the phased removal of Chinese telecoms giant Huawei from its 5G network despite warnings of retaliation from Beijing. The policy reversal hands a m … (…
Stock futures trade cautiously on bank earnings, China tensions
U.S. equity futures are trading between gains and losses heading into the Tuesday’s Wall Street session. GET FOX BUSINESS ON THE GO BY CLICKING HERE A trio of big financial names will report results … (…
China’s Hottest Stocks Sink as Beijing Cools Speculative Fervor
(Bloomberg) — Volatility is picking up in China’s most overheated stocks, a sign that this month’s $1.5 trillion rally is looking vulnerable. The ChiNext Index plunged as much as 3.5% Tuesday before … ( read…
China June exports unexpectedly rise as economies reopen, imports up
shrinking global demand and disruptions in supply chains are likely to pressure China’s trade outlook in the long term, Institute of Advanced Research at Shanghai University of Finance and … ( read original story …)
South China Sea: US says Beijing’s claims to disputed area ‘completely unlawful’
The United States as a result now rejects Beijing’s claims in the waters surrounding Vanguard Bank off Vietnam, Lucania Shoals off Malaysia, waters considered in Brunei’s exclusive economic zone and … ( read original story…
Wins Finance Holdings Inc. Receives Letter from Nasdaq as to Additional Delinquency and is Granted Additional Time to Complete all Delinquent Filings
BEIJING and NEW YORK, July 14, 2020 /PRNewswire/ — Wins Finance Holdings Inc. (“Wins Finance” or the “Company”) (NASDAQ: WINS), a diversified investment and asset management company that provides … ( read original story …)
The Road to Modernization: Beijing Handian Pharmaceutical Uses the Modern Tech Give Traditional Chinese Medicine A New Connotation
BEIJING, CHINA / ACCESSWIRE / July 13, 2020 / In the eyes of most people, traditional Chinese medicine is a mysterious knowledge from the ancient East. For example magical acupuncture, which can … ( read…
Epitomizing China’s Skyrocketing Consumer Finance Sector, Mashang Has Come Along to Celebrate Its Fifth Anniversary
NEW YORK, NY / ACCESSWIRE / July 13, 2020 / As China’s consumer finance sector has entered blooming stage, thousands of players are vying for a place in this market, from which Mashang Consumer ……
As China allows more Hong Kong lenders to remotely open Greater Bay Area bank accounts, here is what you need to know
Under a pilot scheme introduced by Beijing in March last year, Bank of China (Hong Kong), one of the city’s three note-issuing banks, started allowing residents to open mainland accounts without … ( read original…
