In what is seen as retaliation against Australian’s call for an independent investigation into the origins of the coronavirus, Beijing has suspended some beef imports and slapped hefty tariffs on … ( read original story…
FINANCE
Beijing’s proposed security law received mostly positive response from clients of Hong Kong’s banking and wealth sectors, finance chief says
Paul Chan says following meetings with Hong Kong Association of Banks and Private Wealth Management Association that their clients support the law. ( read original story …)
Censorship from Beijing is one more reason for you to worry about using Zoom
People were already uneasy about Zoom. Then it quietly suspended an account used by Chinese dissidents in exile who organized a Tiananmen event. ( read original story …)
China, U.S. should resume timely communication on trade: China adviser
China and the United States should resume timely communication on trade and other issues, an adviser to the Chinese cabinet said on Thursday, stressing that the world’s two biggest economies are too … ( read…
Nasdaq-listed 360 Finance may kick off HK listing end-2020: sources
Nasdaq-listed 360 Finance Inc may kick off its Hong Kong listing process as soon as December, two sources familiar with the matter said, as U.S.-listed Chinese firms pursue dual listings amid … ( read original…
U.S.-China phase one trade deal still on track: United Overseas Bank
China phase one trade deal is still on track despite rising tensions, says Suan Teck Kin, head of research at United Overseas Bank. He adds that China still needs to import “quite a bit” of…
Central Bank Reprieve, Fed Policy Levers, China’s Risks: Eco Day
Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day: … ( read original story …)
Pompeo chides HSBC bank for ‘corporate kowtow’ to Beijing
U.S. Secretary of State Mike Pompeo on Tuesday chided British bank HSBC for backing moves by China to end Hong Kong’s autonomy, saying such “corporate kowtows” got little in return from Beijing. ( read original…
ANALYSIS-China’s troubled Baoshang rescue exposes fault lines in bank reform drive
China’s central bank announced a shock takeover of a lender, its first such move in 20 years, citing “serious credit risks”. Creditors in small Baoshang Bank were to take a hit, assets would be sold…
Hong Kong’s Two British Banks Back Beijing in Security Law Fight
Standard Chartered Plc became the second U.K. bank in a day to endorse China’s proposed security law for Hong Kong, saying it can “help maintain the long-term economic and social stability” of the … (…
Hong Kong’s Leader Wants More Financial Integration With China
Hong Kong’s leader said she told Chinese officials the city should be transformed into a global hub for private wealth and a more prominent offshore Renminbi center, even amid concerns about the … ( read…
Hong Kong leader says financial hub cannot afford any more ‘chaos’
Hong Kong leader Carrie Lam warned on Tuesday the city could not afford further “chaos” as it marked the first anniversary of the start of rolling mass pro-democracy protests. ( read original story …)
China Tries to Have It Both Ways With Virus Recovery
The country announced a slate of climate-friendly stimulus priorities, but has also loosened coal regulations. ( read original story …)
