China’s $3 trillion trust industry, a key alternative source of funds for weaker companies, risks sending shock waves through the nation’s financial system with defaults among its investment products … ( read original story …)
FINANCE
China Trims Funding Costs, Adds Liquidity to Banking System
China’s central bank cut interest rates and injected $14 billion into the financial system, bolstering measures aimed at countering the economic fallout from the coronavirus pandemic. ( read original story …)
Wall Street’s Biggest-Ever China Bet Rides on These Bankers
And Todd Leland at Goldman Sachs Group Inc. sees “infinite growth” in asset management. For the executives leading Wall Street’s charge into China, the race is officially on to tap one of the biggest ……
Key Part of China’s Shadow Banking Faces Doubling of Defaults
China’s $3 trillion trust industry, a key alternative source of funds for weaker companies, risks sending shock waves through the nation’s financial system with defaults among its investment products … ( read original story …)
Wall Street’s Biggest-Ever China Bet Is Riding on These Bankers
UBS Group AG’s David Chin wants to double the size of his China investment-bank team. Morgan Stanley’s Wei Sun Christianson plans to build a brokerage business from scratch. And Todd Leland at Goldman … (…
Beijing Capital Land: Not A Buy Despite Attractive Valuations
Beijing Capital Land’s net gearing of 154.4% as of end-FY2019 is high on both an absolute and relative basis, implying significant credit risks. Beijing Capital … ( read original story …)
‘I’ve never seen it so quiet’: Chinatown restaurateurs face financial ruin
Eateries across the state, like China King, are suffering under necessary distancing guidelines and barely staving off financial ruin during COVID-19. In response, restaurateurs have implemented … ( read original story …)
China’s Latest Trade Data Didn’t Look Horrible. Here’s What Analysts Expect Going Forward
Of course, not everyone thinks China’s central bank will leap to action so fast. “While we expect more policy support in the coming months, we think it will remain limited given concerns about adding ……
The Top 10 Companies Behind The 2020 Midas List: Uber, Ant Financial And The Breakouts That Helped Investors Make The Cut
From Ant Financial to Xiaomi, and Spotify to Uber, these 10 companies put the most investors on the 2020 Midas List of the world’s top tech investors. ( read original story …)
China considers merging two big brokers – Bloomberg
Citic Securities (OTCPK:CIIHF) and CSC Financial, along with their government shareholders, are starting a feasibility study on how to structure a deal so they can better compete with global investmen … ( read original story…
China’s Big Oil Urged to Copy Mexican Hedge Amid Price Crash
A researcher at China’s biggest oil company said the country’s drillers should copy the hedging strategies of Mexico and shale firms in the U.S., which use financial derivatives to protect against … ( read original…
China’s Stocks Short-Selling at a Record High
The value of shares used for shortselling was around 20 billion yuan ($2.83 billion) on Monday, just a touch below the record 20.3 billion yuan set on April 9, according to the latest data from…
Coronavirus ‘new reality’ bites deep into Beijing eatery chain
The worst of the COVID-19 outbreak in China may be over, but one Beijing-based restaurant chain is struggling with a “new reality” — fewer customers, reduced seating capacity, shorter hours, pay cuts … ( read…
