China has extended debt relief to developing countries worth a combined $2.1 billion under the G20 framework, the highest among the group’s members in terms of the amount deferred, the country’s … ( read original…
FINANCE
China Has Given $2.1 Billion of Debt Relief to Poor Countries: Finance Minister
China has extended debt relief to developing countries worth a combined $2.1 billion under the G20 framework, the highest among G20 members in terms of deferral amount, the country’s Finance Minister … ( read original…
China’s regulators put up a fence around risks as technology’s surging influence threatens to overshadow finance in fintech
New fintech rules on online micro lending could force China’s internet giants to rethink their business practices on co-lending, analysts said. ( read original story …)
Why China’s Negative Yield Zero Coupon Bond Is A Big Deal – For China And The Markets
The Chinese goverrnment issues five year bonds at -0.15% yield in Euros, satisfying yield hungry investors willing to pay for the privilege of lending. ( read original story …)
First Mover: What China Crackdown Means for $18K Bitcoin as Dimon Passes on ‘Tea’
Bitcoin was flat to slightly lower after briefly climbing Wednesday above $18,000 for the first time since December 2017. “There is a tsunami of buying power up against reluctant sellers,” Charlie … ( read original…
Beijing Critic’s Bank Accounts Frozen as China Raises Pressure
A vocal advocate of Chinese government reform living in the U.S. said that several banks have frozen his accounts back home, in another sign that Beijing is stepping up pressure on overseas dissidents … (…
China Market Update: Bilibili Q3 Gets Jiggy, JOYY Goes On The Offensive
Asian markets had a mixed performance as coronavirus cases appear to be rising globally, weighing on sentiment against the backdrop of vaccine hopes and implementation timelines. The Hang Seng was off … ( read original…
China tweaks global yuan strategy in signal of growing caution
China has tweaked one word in its policy to internationalise the yuan, a change that analysts see as a sign of Beijing’s new-found caution in promoting the international use of the currency. In a ……
Tanzania cenbank places China Commercial Bank Ltd under management
The central Bank of Tanzania (BOT) said on Thursday it had put Dar es Salaam-based China Commercial Bank Ltd under statutory administration for failure to meet capital adequacy requirements. DAR ES … ( read original…
China’s banks seen keeping benchmark loan rate steady for 7th month
China’s loan prime rate (LPR) – a reference rate set monthly by 18 banks – is likely to remain unchanged for a seventh straight month at its November fixing on Friday, a Reuters survey of…
China’s Next Default Pressure Point Comes Closer
Beijing wants to keep troubled local debt vehicles at arm’s length. This determination will be put to the test. ( read original story …)
Xi Says China Won’t Seek to ‘Decouple,’ Pledges to Cut Tariffs
including the U.S. Trade tensions between China and the U.S. have escalated in the last two years. While the two countries reached a “phase one” trade agreement in January, their differences have … ( read…
China’s Booming Exports Mean Beijing Can Handle Strong Yuan
That’s a reversal from last month, when authorities made it cheaper to bet against the yuan and eased some control over the exchange rate, moves that were interpreted as part of Beijing’s effort to ……
