China’s Bank of Communications (BoCom) said on Thursday it has suspended open positions for crude oil trading products starting on Thursday. The decision was made due to “current pricing and liquidity … ( read original…
FINANCE
Bank of China sold oil’s May contract into a historic implosion in crude — and retail investors may have gotten crushed
As the dust settles from a record-breaking crude selloff, it’s turning out that retail investors in China may have been on the hook. ( read original story …)
Bad Debt at China’s Banks Climbed in First Quarter. The Numbers Are Expected to Increase.
Several measurements of debt worsened in China in the first quarter, according to new data, continuing a raft of bad financial news from the world’s second-largest economy. Bad loans, defaults, and … ( read original…
Goldman Sachs says Western powers can learn 5 key economic lessons from China’s handling of coronavirus
Using China’s experience as a case study, Goldman Sachs analysts outlined lessons for a glimpse into economic after-effects once measures are lifted. ( read original story …)
American quandary: how to secure weapons-grade minerals without China
The United States wants to curb its reliance on China for specialized minerals used to make weapons and high-tech equipment, but it faces a Catch-22. It only has one rare earths mine – and government…
China allows Samsung Elec staff to enter country for chip factory expansion
China has allowed 200 employees from South Korea’s Samsung Electronics Co Ltd to enter the country to work on an expansion of the firm’s NAND memory chip factory, the company said on Wednesday. The mo…
How Good Is China Foods Limited (HKG:506) At Creating Shareholder Value?
Today we are going to look at China Foods Limited (HKG:506) to see whether it might be an attractive investment prospect. Specifically, we’re going to calculate its Return On Capital Employed (ROCE), … ( read…
People’s Bank of China kicks off digital currency trials
A spokesperson for China’s central bank confirmed to ZDNet on Wednesday that internal trials for digital currency are now underway in Shenzhen, Suzhou, Chengdu, and Xiong’an. The spokesperson did not … ( read original story…
Is Beijing Enterprises Water Group Limited’s (HKG:371) CEO Paid Enough Relative To Peers?
Min Zhou has been the CEO of Beijing Enterprises Water Group Limited (HKG:371) since 2016. First, this article … ( read original story …)
China regulator detects sale of banking, insurance customer data by criminals
China’s banking and insurance regulator said on Wednesday it had detected sales of banking and insurance sector customer data overseas by criminals, without specifying how many individuals had been … ( read original story …)
China’s NPL Ratio to Rise Further in Second-Quarter but Not at a Fast Pace: Banking Regulator
China’s banking and insurance regulator said on Wednesday that the sector’s bad loan ratio is 2.04%, and estimated it will continue to rise in the second quarter but not at a fast pace. ( read…
Tokyo Mulls New Measures; China Bank Loans Go Bad: Virus Update
Tokyo’s governor said the world’s largest city is looking at new measures to encourage social distancing as the risk of a breakout in the coronavirus remains. China’s lenders reported a rise in bad … (…
China’s NPL ratio to rise further in Q2 but not at a fast pace – banking regulator
China’s banking and insurance regulator said on Wednesday that the sector’s bad loan ratio is 2.04%, and estimated it will continue to rise in the second quarter but not at a fast pace. BEIJING, April…
