Under the Beijing Blockchain Innovation Development Action Plan 2020-2022, it is expected the city will initially become an influential new highland for blockchain innovation, application … ( read original story …)
FINANCE
More Chinese residents want to increase consumption in Q2: central bank
More Chinese urban residents expressed enthusiasm about increasing their spending in the second quarter of this year, said a central bank survey. Among the 20,000 urban bank depositors surveyed in 50 … ( read original…
China’s demand for loans increases in Q2: central bank
A bank staff counts Chinese currency Renminbi banknotes at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING – China saw stronger overall demand for loans in the second quarter … ( read original…
Beijing flexes its muscles, but it can still be reined in
China’s new security laws for the once autonomous territory of Hong Kong are as aggressive as they are wide reaching … ( read original story …)
China Mobile Limited (CHL): Hedge Funds Never Been Less Bullish
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail … ( read…
China Bank Regulator Lists Firms It Says Violated Investor Rules
China’s banking and insurance regulator for the first time published names of companies that it alleges committed shareholder violations in the industry, warning investors against misbehavior as the … ( read original story …)
China has HSBC’s taipan in a vice with few options but to fall in line with the security law for Hong Kong in the bank’s biggest market
As a member of top Chinese political advisory body, HSBC’s Asia-Pacific CEO had to document his support for the highly controversial law, a source says. ( read original story …)
As Bank of East Asia joins Hong Kong lenders in providing mortgages for Greater Bay Area homes, here is what you need to know about the loans
Hong Kong banks expect more Hongkongers to seek out property in the Greater Bay Area development zone, and at least six of these now offer mortgages for such purchases. ( read original story …)
National security law: China won’t be ‘threatened’ but is braced for US financial sanctions, Beijing official says
China is braced for possible financial sanctions from the United States over the Hong Kong national security law, but still hopes to ease tensions with Washington, according to a source close to China … (…
‘They can never take away our beliefs’: Beijing’s endgame to quash HK dissent
“They can take away our freedom, but they can never take away our beliefs,” Rebecca Louise Nunan wrote from her jail cell. ( read original story …)
Hong Kong security law: China doubles down on support for city as finance hub as concerns mount over its future
China is expanding financial schemes in Hong Kong to cement its status as a commercial gateway amid concerns about the impact of the new national security law. ( read original story …)
Hong Kong as financial hub eroding before our eyes: China expert
CNBC’s Kelly Evans discusses the crackdown in Hong Kong amid China’s new national security law with Michael Schuman, author of “Superpower Interrupted: The Chinese History of the World.” … ( read original story …)
Genworth CEO assures investors that China Oceanwide has ways to complete $2.7 billion deal
The top executive with Henrico County-based Genworth Financial Inc. assured analysts and investors on Thursday that the insurance giant’s planned acquisition by China Oceanwide Holdings Group Co. Ltd. ( read original story …)
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