Origin Agritech Ltd. (NASDAQ: SEED) (the “Company” or “Origin”), an agriculture technology and rural e-commerce company, today announced the Company has received RMB137.66 million from Beijing … ( read original story …)
FINANCE
China’s Central Bank to Run Simulations of Digital Currency Use
China’s central bank has given the green light for some commercial lenders to run trials of its digital currency, according to people familiar with the matter, bringing it a step closer to becoming … (…
China to step up protection of investors – financial stability committee
China will make better use of the capital markets and crack down resolutely on fraud and forgery, the state council’s financial stability committee said on Wednesday after a meeting chaired by Vice … ( read…
Asian Financial Crisis 2.0: Banking system creaks under pressure of companies struggling to survive coronavirus pandemic
Chinese property developer Yida China is battling to avoid defaulting on its debt as the coronavirus pandemic slams sales, borrowing costs spiral and police detain a director on suspicion of … ( read original story…
BRIEF-Bank Of China Gets Approval To Invest To Establish BOC Financial Leasing
BOC FINANCIAL LEASING IS PROPOSED TO BE INCORPORATED IN CHONGQING WITH REGISTERED CAPITAL OF RMB10.8 BILLION Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust … ( read original story …)
China’s Coronavirus-Era Accounting Scandals May Not Be the Last
Downturns have long been catalysts for bringing previously hidden accounting scandals to light. When the good times are rolling, it’s far easier for tech darlings and other fast-growing startups to … ( read original story…
Against China, Play A Very Long Game
To simply keep up with China, let alone take the lead, we need to get our act together—really together—as in a close partnership between Washington and in the private sector. That means developing a ……
Germany May Extend Curbs; China Hits Out at Trump: Virus Update
The European Commission has drawn up plans for a partial lifting of restrictions, but warned that some restrictions will remain until a vaccine or cure is found. Germany is set to extend curbs even ……
China reports fewer coronavirus cases but infections from Russia a worry
China reported on Wednesday a decline in new confirmed cases of the coronavirus in the mainland, although an increasing number of local transmissions in its far northeast bordering Russia remained a … ( read original…
China cuts medium-term borrowing costs by 20 bps, steps up fight against pandemic
The move should pave the way for a similar reduction to the country’s benchmark loan prime rate (LPR), which will be announced on the 20th, to lower financing costs for companies hit by pandemic. The…
China’s Tianqi Lithium faces further loss, eyes stake sales
Tianqi Lithium 002466.SZ, one of the world’s top producers of the commodity used in batteries for electric vehicles, expects to post a net l … ( read original story …)
China’s EV Slowdown Deepens Debt Woes at Top Lithium Supplier
The global health crisis has deepened financial troubles at one of China’s biggest producers of lithium used in electric vehicle batteries. ( read original story …)
China’s `Aircraft Carrier’ Can’t Sink Wall Street
A planned merger between China’s two biggest brokerages is a sign that firms are worried about the impending arrival of wholly owned foreign competitors. They should be.China has started the process … ( read original story…
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