(Bloomberg) — Hong Kong Chief Executive Carrie Lam vowed to continue strengthening ties with China, using an annual policy address to defend Beijing’s tightening grip over the financial hub and … ( read original story…
FINANCE
Carrie Lam policy address 2020: Hong Kong leader hails Beijing’s staunch support, doubles down on national security and vows to ‘relaunch city, rebuild trust’
After a postponement of more than a month, Hong Kong’s chief executive delivered her longest policy address on Wednesday morning to set out plans for the coming year before a Legislative Council now … (…
China stocks post biggest intraday fall in nearly a month as EV stocks drag
China shares closed lower on Wednesday, posting the biggest intraday loss in nearly a month, as electric vehicle stocks fell on news of a government investigation into the sector. EV shares fall on … (…
Hong Kong Leader Vows Closer Ties With Beijing in Policy Address
(Bloomberg) — Hong Kong Chief Executive Carrie Lam vowed to continue strengthening ties with China, using an annual policy address to defend Beijing’s tightening grip over the financial hub and … ( read original story…
China’s Finance World Opens Up to Foreigners, Sort Of
China’s more than $50 trillion financial services industry. Even a sliver can be lucrative. Not long ago Bloomberg Intelligence estimated that foreign banks and securities firms could be raking in … ( read original story…
China Biologic Reports Financial Results for the Third Quarter of 2020
PRNewswire/ — China Biologic Products Holdings, Inc. (NASDAQ: CBPO, “China Biologic” or the “Company”), a leading fully integrated … ( read original story …)
China Makes a Safe Space for Consumers. Will They Spend?
Earlier this month, China loosened restrictions on licensed consumer finance companies to enable lower provision coverage ratios. That would allow them to lend more, and help consumers borrow more. ( read original story …)
Biden’s America will be playing catch-up as China’s economy leaps forward
The pandemic might well bring forward the date at which China will overtake the US economy. Meanwhile, Trump’s policies are leaving Biden with a lot of diplomatic relationships to repair, even as … ( read…
China’s Li Sees Economy Returning to ‘Proper’ Range Next Year
China will likely return to a more “proper” range of economic development next year, Premier Li Keqiang said, indicating a strong rebound in growth after this year’s pandemic slump. ( read original story …)
China Economic Activity Can Return to Reasonable Range in 2021: Premier Li
Chinese Premier Li Keqiang said on Tuesday he expected that economic activity in the country can return to a reasonable range next year, after the impact of the coronavirus pandemic on growth in 2020. (…
The Ant Financial IPO Is Xi Jinping’s Latest Battle With Big Business
Chinese Premier Xi Jinping personally made the decision to block Ant Group’s IPO two weeks ago, according to The Wall Street Journal. The Chinese fintech’s public … ( read original story …)
China to boost financial cooperation with Singapore
China will strengthen cooperation with Singapore to promote greater financial connectivity, according to officials. ( read original story …)
Emerging Markets Outlook: China’s Economy Rebounds, But Equities Face Concentration Risk
The consumption side of the nation’s economy has played catch-up to the production side of the economy. While emerging-market economies outside of China still face some challenges, the overall outlook … ( read original story…
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