During this pandemic, we are becoming aware of the strong need for a massive digital transformation that allows the banking system to consciously and responsibly take care of customers, account … ( read original story…
FINANCE
China’s Households Are Shouldering the Burden of Its Recovery
The nexus between banks, households and real estate has helped lift the Chinese economy back from the pandemic, but it compounds the country’s vulnerabilities too. ( read original story …)
China Raises $6 Billion as U.S. Investors Look Past Political Tensions
“The successful issuance of the U.S. sovereign bonds has helped establish and improve a yield benchmark of more market significance for Chinese issuers,” China’s finance ministry said in a statement. ( read original story …)
China sovereign bond sale attracts US$27 billion in global orders, embraced by US investors
US institutional investors shrugged off rising tensions between Washington and Beijing, making long-term bets on China in a US$6 billion global offering of sovereign debt on Wednesday.It was the first … ( read original story…
China Raises $6 Billion in Dollar Bond Sale
That is up from 3.2% a quarter earlier and approaching the 6.1% rate for all of 2019. China’s Ministry of Finance said in a deal document the country was “exhibiting restorative growth and a steady…
China’s Sept new bank loans rise more than expected
China’s new bank loans grew more than expected in September while broad credit growth also quickened as the economy continued to recover from its coronavirus-induced slump. Sept M2 money supply +10.9% … ( read original…
What bank’s booming profits say about the economy
So analysts often parse these quarterly results for indicators of how the economy is doing. What they’re saying: “The consumer is in reasonably good shape for whatever we may face next,” Jennifer … ( read…
UPDATE 2-China Sept bank lending tops forecast, corporate loans jump
Sept outstanding TSF growth quickens to 13.5% from 13.3% in August (Adds comments from central bank and analysts) … ( read original story …)
Its Time to Dump U.S. Tech Stocks, One Investment Bank Says. Here’s What to Buy Instead.
There’s no disputing investors are putting a premium on U.S. tech stocks. The only question is whether that premium is deserving or not. ( read original story …)
China Sept bank lending tops forecast, corporate loans…
BEIJING, Oct 14 (Reuters) – China’s new bank loans grew more than expected in September fuelled by a jump in corporate loans as the economy continued to recover from its coronavirus-induced slump. The … (…
China’s digital currency aims to leave the rest of the world in the dust
China is already test-driving the future of finance while the rest of the world is stuck trying to get its learner’s permit. What’s happening: Over the past two weeks Chinese authorities in cities … (…
China’s digital currency: A small leap forward
A pilot scheme taking place in Shenzhen this week offers a glimpse into China’s plans to build the world’s first national digital currency. ( read original story …)
UPDATE 1-China’s Sept new bank loans rise more than expected
Sept outstanding TSF growth quickens to 13.5% from 13.3% in August (Adds details, background) BEIJING, Oct 14 (Reuters) – China’s new bank loans grew more than expected in September while broad credit … ( read…
