Investors and foreign companies have been wary that Hong Kong’s status as a financial hub would be eroded, as China moved to implement a controversial national security law on the city last week. ( read…
FINANCE
Wall Street jumps on strong services sector, hopes of China recovery
The Institute for Supply Management’s (ISM) non-manufacturing activity index almost returned to its pre-COVID-19 pandemic levels last month, jumping to a reading of 57.1, the highest since February, … ( read original story …)
China waves the green flag for FX bulls
The yuan led commodity currencies higher against the dollar on Monday as investors lapped up risky assets on growing expectations of a strong Chinese economic rebound and the United States continued … ( read original…
China Blue Chip Index Hits 5-year High; Australian Shares Tumble as Borders Close
The Australian stock market closed lower as state border closures sparked fear of a second wave that could damage the country’s economic rebound. ( read original story …)
Why Hong Kong will remain an international financial centre, despite new security law
But Hong Kong’s success as a centre of international finance, connecting the world to mainland China, is built on several foundations. These include having a stable business environment, the free flow … ( read original…
Greater China First-Half Offshore Loans Drop 25% Amid Pandemic
Offshore loan volumes in the Greater China region tumbled by a quarter in the first half of the year to the lowest level since late 2016 as companies borrowed less in the wake of the…
Deutsche Bank sees China’s ‘V-shaped recovery’ moderating in the second half of 2020
Recent economic data releases have continued to indicate the Chinese economy is recovering from the coronavirus pandemic. ( read original story …)
China’s migrant workers are ‘in a better place’ to secure jobs than fresh grads: Deutsche Bank
While China’s migrant workers can return to their home provinces as rural farmers amid the coronavirus pandemic, its mostly urban college graduates will struggle to find an alternative source of … ( read original story…
China’s shadow banking system under spotlight as Sichuan Trust misses payments amid economic slowdown
Sichuan Trust last week apologised to investors for missing payments on its financial products due in part to the coronavirus outbreak and global economic downturn. ( read original story …)
China Stokes a Stock-Market Mania, Risking Repeat of 2015 Bubble
Chinese stocks extended their recent rapid climb, aided by an enthusiastic chorus from the nation’s influential state media.The CSI 300 Index jumped as much as 4.2% on Monday morning, the most since … ( read…
JGBs dip as China recovery hopes boost risk appetite
Investors are looking to the auction of 0.9 trillion yen ($8.36 billion) 30-year JGBs on Tuesday as a key test of investor appetite, the first auction of that maturity since the Ministry of Finance ……
China’s central bank skips reverse repos
BEIJING, July 6 (Xinhua) — The People’s Bank of China (PBOC), the country’s central bank, skipped open market operations via reverse repos on Monday. Liquidity in the banking system stays at a … ( read…
Beijing says it’s ‘strongly concerned’ by India’s decision to ban Chinese apps
Beijing is pushing back on a decision by India to ban dozens of Chinese mobile apps as tensions between the world’s most populous countries continue to rise. Zhao Lijian, a spokesperson for China’s … (…
