Careful scanning of the market and macro-level developments reveals one fund that could weather the storm well and deliver attractive returns to investors: the iShares China Large-Cap ETF (FXI). In … ( read original story…
FINANCE
King Dollar Is a Deadly but Dangerous Trump Card in U.S.-China Fight
If the U.S. chooses to, it could seriously damage China in the financial realm—and China has little capacity to retaliate. Using such powerful tools carries risks, however. ( read original story …)
Beijing Locks Down Part of City After Virus Outbreak at Market
Beijing shuttered the city’s largest fruit and vegetable supply center and locked down nearby housing districts as dozens of people associated with the wholesale market tested positive for the … ( read original story …)
American Express Scores China Go-Ahead In Milestone Moment
American Express (AXP) has announced that its joint-venture in mainland China has received approval from the People’s Bank of China (PBOC) for a network clearing license.This makes American Express … ( read original story …)
Beijing district in ‘wartime emergency mode’ after spike in local Covid-19 cases
Beijing’s Fengtai district has launched “wartime-like control measures” following a spike in novel coronavirus cases centred around a major wholesale market called Xinfadi. All six confirmed Covid-19 … ( read original story …)
Beijing Cinemas Ordered To Remain Shut As New COVID-19 Cases Emerge
Chinese authorities on Friday put another nail in the coffin for China’s film sector, formally announcing that cinemas in Beijing must remain shut for the time being after three new coronavirus cases … ( read…
China Changes Government Bond Futures Trading Starting Time
China’s government bond futures market will start trading 15 minutes later from July 20, the China Financial Futures Exchange said in a statement. ( read original story …)
China’s Zijin Mining to buy Guyana Goldfields for $238 million
China’s Zijin Mining said on Friday it would acquire Guyana Goldfields for C$323 million ($238 million), bringing an end to a protracted takeover battle for the Canada-listed gold miner. Toronto-based … ( read original story…
CLPS Incorporation Signs Partnership Agreement with an Established China-Listed Financial IT Company
PRNewswire/ — CLPS Incorporation (Nasdaq: CLPS) (“CLPS” or “the Company”), today announced that it has signed a Memorandum of Cooperation (“Memorandum”) with a Chinese company listed on one of the … ( read original story…
Stocks claw back as China promises to honor trade deal
Former Chinese finance minister and Cabinet adviser Zhu Guangyao said on Thursday evening that relations between the U.S. and China were “far from satisfactory” and that the two countries should … ( read original story…
China issues white paper, sharing experience in COVID-19 fight
China in Action.” At around 37,000 Chinese characters in length, the document records the country’s efforts in its battle against the coronavirus. The white paper provides a detailed account of … ( read original story…
Bulls in a China shop: How Beijing cultivated Wall Street’s giants
The titans of US finance have for decades been guiding the nation’s China policy. But then US manufacturers grew tired of waiting for the promised land. ( read original story …)
Optimism Capped By Renewed US-China Tensions In May
The COVID-19 outbreak has heightened global concerns of excessive dependency on China’s manufacturing sector and led governments in many countries to incentiviz … ( read original story …)