China International Capital Corp has been criticised by Hong Kong’s securities watchdog for breaching the city’s takeover code.The investment banking group, ranked fourth last year in Asia outside … ( read original story …)
FINANCE
China Steps Up Loan Relief, Delays Risk Exposure to Help Economy
Chinese banks have offered relief on 3.9 trillion yuan ($551 billion) of loans since the outbreak of the coronavirus pandemic to help struggling small businesses and bolster an economy facing its … ( read original…
German Outbreaks Grow; Beijing Cases Decline: Virus Update
Germany’s infection rate rose for a third day, lifted by local outbreaks including at a slaughterhouse. Brazil’s death toll from the coronavirus surpassed 50,000, while cases across the U.S. Sun Belt … ( read original…
China’s central bank injects 120bil yuan into market
BEIJING (Xinhua): China’s central bank on Monday (June 22) pumped cash into the banking system via reverse repos to maintain liquidity. The People’s Bank of China injected a total of 120 billion yuan … (…
China regulator confident of HK’s future as global financial hub
China is confident of Hong Kong’s future as an international financial center, and will support its growth, a senior Chinese regulator said on Monday, amid uncertainties cast by China’s proposed new … ( read original…
China Leaves Benchmark Lending Rates Unchanged
Last week, the People’s Bank of China injected CNY 200 billion funds into the financial system via medium-term lending facility at a rate of 2.95 percent, unchanged from the previous operation. ( read original story…
China Investor Buys Dirt Cheap Bank Stocks Nobody Else Wants
But for one Shanghai-based fund manager, the value case for Chinese bank shares is now so compelling that the stocks comprise one of the biggest parts of his portfolio. Zhou Liang, founder and fund ……
China leaves benchmark lending rate unchanged for second straight month
China left its benchmark lending rate unchanged for the second straight month at its June fixing on Monday, matching market expectations, after the central bank kept borrowing costs on medium-term … ( read original story…
China Investor Buys Record-Cheap Bank Stocks Nobody Else Wants
But for one Shanghai-based fund manager, the value case for Chinese bank shares is now so compelling that the stocks comprise one of the biggest parts of his portfolio. Zhou Liang, founder and fund ……
Beijing’s Latest Virus Outbreak Disrupts Tyson Foods and PepsiCo
PepsiCo Inc. and Tyson Foods are among the global consumer companies facing disruption as Beijing tries to contain a fresh outbreak of the coronavirus.On Sunday, PepsiCo China said it shut a food … ( read…
The weak link in China’s recovery plan
Beijing is leaning heavily on the country’s regional banks to support small businesses hit hard by the pandemic. But many question whether they’ll be up to the task. ( read original story …)
Countering China Is for the BIRDs | Opinion
This notion dominated the thinking of U.S. foreign policy and business since President Richard Nixon and his national security consigliere Henry Kissinger began wooing China in 1972 in order to drive … ( read original…
Does Beijing’s Covid outbreak threaten China’s recovery?
Does Beijing’s Covid outbreak threaten China’s recovery? This month’s outbreak of coronavirus in Beijing has prompted concerns that a second wave of the pandemic could upset … ( read original story …)
