The bill signed into law by US President Donald Trump on Friday will remove Chinese firms from American exchanges if they fail to comply with US accounting standards. ( read original story …)
FINANCE
China criticizes US corporate auditing penalties
China’s government on Monday called on Washington not to enforce a measure that might expel Chinese companies from U.S. stock exchanges if they fail American government … ( read original story …)
China’s central bank injects 110 bln yuan into market
China’s central bank on Monday conducted 110 billion yuan (about 16.79 billion U.S. dollars) of reverse repos to maintain stable liquidity in the banking system. The amount included 10 billion yuan of … ( read…
In unusual year, fintech thrives in China
BEIJING－The long queues at automated teller machines have become a rare sight as people in China are already accustomed to going out with mobile phones instead of wallets, and many can’t even remember … (…
Canada will hurt itself if it pulls out of Asian infrastructure bank, president says
The Asian Infrastructure Investment Bank plays a useful role in burnishing China’s image, its president acknowledges, even as he warns that Canada would hurt itself by leaving an international … ( read original story …)
China can lead, and Japan and South Korea can follow, in cutting coal finance in Southeast Asia
The world’s three biggest public financiers of coal can target Southeast Asia’s renewable energy market, worth up to US$205 billion over the next 10 years. China can show by example that climate … ( read…
China outlines system to subject foreign investors to national security review
Rules cover everything from defence and technology to infrastructure, transport and financial services but officials insist they are not protectionist. ( read original story …)
China Has A $15 Trillion Problem With Economic Reality
Given the opacity that pervades China’s bond market, it’s unclear how many debt payments are actually being missed. ( read original story …)
China freezes bank account of Hong Kong pastor who stood against violence
A leader of elderly church volunteers who stood in human chains to “protect the children” is targeted in a clampdown on pro-democracy supporters. ( read original story …)
China’s Bungled Overseas Loans Reveal a Key Weakness
The nation’s vaunted Belt and Road Project was meant to build influence around the world. Instead, it’s stirred resentment. ( read original story …)
Chinese PV Industry Brief: Beijing wants to loosen restrictions on glass
The Chinese government is planning to loosen the existing restrictions on new investments in additional PV glass production capacity, according to a document published by the Ministry of Industry and … ( read original story…
China Says Economic Recovery ‘Not Yet Solid’ After Pandemic
China said its economy had yet to fully bounce back from the coronavirus pandemic and pledged financial support for recovery efforts at the end of a key annual policy meeting on Friday. The country ……
Five Years On, China’s World Bank Challenger Has Fallen Short of Lofty Predictions
The Asian Infrastructure Investment Bank is still a minnow compared with its counterparts, and was founded during a period of much stronger diplomatic relations with China’s commercial partners. ( read original story …)
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