Move will allow overseas operators to hold 50% stakes in joint ventures with Chinese firms to supply VPNs to foreign companies in Beijing. ( read original story …)
FINANCE
China Will Boost Investment in Strategic Industries: State Planner
China will accelerate development of new materials to ensure stable supply chains for aircraft, microelectronic manufacturing and deep-sea mining sectors, the National Development and Reform … ( read original story …)
China’s property developers seek to dodge new rules with shift of debt
China is tackling unbridled borrowing in the real estate development sector anew with caps for debt ratios. But sources at developers say a rush to get around the rules by moving more debt off balance…
China fines Luckin Coffee and linked firms a total of $9 million
China’s markets regulator said on Tuesday it has fined a group of 45 firms, including Luckin Coffee, a combined 61 million yuan ($8.98 million) for acts linked to Luckin’s falsification of financial … ( read…
HSBC shares plunge to 25-year low on banks report, China fears
HSBC Holdings Plc slumped below its financial crisis low set more than a decade ago as pressures mount on several fronts including a potential threat to its expansion plans in China. The London-based … (…
China’s Battered Banks Are Dodging Bailouts With Stealth Mergers
The financial backing for this will largely come through debt. China is allowing local governments to use about 200 billion yuan from bond sales to help smaller banks shore up their capital, while the ……
Will U.S.-China tensions have a material impact on client portfolios?
With the improving U.S. COVID-19 outlook, many analysts attributed the sell-off to souring U.S.-China relations. Other market watchers say continued tension will lead to financial decoupling, which … ( read original story …)
Times China: 1H 2020 Earnings Disappointed On Gross Margin Contraction
Times China’s financial performance in 1H 2020 was disappointing, with its revenue and adjusted net profit down by -6% and -9%, respectively. Times China’s earnings growth is likely to slow … ( read original story…
China’s jailing of an outspoken property tycoon is a warning to its elites: Stay quiet
Despite the charges of financial impropriety leveled against … during the peak of the coronavirus outbreak in China. He referred to Xi obliquely as “a clown who stripped naked and insisted … ( read original…
Beijing woos global bond investors by making it easier to get money in and out of China
We expect a re-acceleration of two-way capital account opening and redenomination of trade and investment Standard Chartered Bank analysis Beijing’s new move will appeal to global bond investors … ( read original story …)
China should raise costs to deter speculative foreign money – People’s Daily
China should raise the costs of short-term, cross-border money flows to buffer its financial markets from speculative capital, said Zhu Min, head of the National Institute of Financial Research at … ( read original story…
China says it will step up financial support for supply chains
China will step up financial support for its supply chains, according to guidelines issued by the central bank and other state agencies on Tuesday. ( read original story …)
Choppy few months ahead for China markets, but next year will be ‘pretty good’: UBS
UBS Head of China Strategy Wendy Liu says that political risks from … Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market ……
