The legality of Beijing’s unprecedented resolution allowing for the summary disqualification of four opposition Hong Kong lawmakers has raised concerns among the city’s legal community, even as the … ( read original story …)
FINANCE
Central Bank Warnings, RCEP At Last, U.S.-China Ties: Eco Day
Here’s the latest news and analysis from Economics to help you start the day: Central banks aren’t getting wrapped up in excitement over a Covid vaccine — instead they’re warning of more economic … (…
China’s Baoshang Bank to take $1 billion write down on bond
China’s Baoshang Bank said that it would write down the principal of a 6.5 billion yuan ($984.27 million) tier-two capital bond, nearly a year and a half after the bank’s seizure by regulators. ( read…
China’s Baoshang Bank to take $1 bln write down on bond
China’s Baoshang Bank said that it would write down the principal of a 6.5 billion yuan ($984.27 million) secondary capital bond, nearly a year and a half after the bank’s seizure by regulators. ( read…
China Regulator Vows to Cut ‘Too Big to Fail’ Risk in Innovation
China’s top banking regulator pledged to lower the risk of companies becoming “too big to fail” in financial innovation, suggesting the nation’s biggest technology companies will face increasing … ( read original story …)
China Eases Rules on Insurers’ Investment in Unlisted Firms
China will ease rules to allow insurers to invest in unlisted firms for financial purposes, part of its broader efforts to encourage equity financing. Insurers will no longer be restricted to … ( read original…
As Beijing finally congratulates Biden, China looks towards closer economic ties with the US
But while Beijing is cautiously optimistic that a Biden presidency will be more manageable, Trump will be missed – for reasons ironic and sincere. ( read original story …)
China Ex-Finance Minister Says It’s Time to Consider Exiting Stimulus, Caixin Reports
China’s ex-finance minister said it’s time to consider withdrawing the monetary stimulus injected into the economy this year and fine-tune fiscal policies as the recovery strengthens, according to a … ( read original story …)
China-Africa relations: Beijing says it will help pay for world’s largest free-trade zone
Beijing will provide ‘cash assistance and capacity-building training’ for the African Continental Free-Trade Area, Chinese Foreign Minister Wang Yi says. ( read original story …)
China corporate debt defaults trigger concerns of broader crisis
Nov 2020 A Chinese mining firm that defaulted on its debts this week held an emergency creditors’ meeting on Friday to address potentially “huge credit risks”, as a series of defaults by top-rated … (…
China overnight borrowing rates rise as traders see c.bank stimulus exit
Rising overnight borrowing rates in China’s interbank market this week reflect tightening cash conditions as the quickly recovering economy gives the central bank room for a more flexible approach to … ( read original story…
China’s banking/insurance regulator to ban insurers from property investments
China will ban insurers from making equity investments into companies directly engaging in real estate development or sales businesses, the country’s banking and insurance watchdog said on Friday. The … ( read original story …)
Former China finance minister says trade frictions with U.S. could remain under Biden
Trade frictions between the United States and China may not ease in the near term even if Joe Biden becomes president of the United States, former Chinese finance minister Lou Jiwei said on Friday. (…
