The default of a Chinese coal miner has triggered mounting concern over the health of state-owned firms and their lenders. ( read original story …)
FINANCE
Former China Finance Minister Says U.S.-China Frictions May Not Ease Even With Biden as President
Trade frictions between the United States and China may not ease in the near term even if Joe Biden is president of the United States, former Chinese finance minister Lou Jiwei said on Friday. Lou,…
China’s bank lending falls in October
China’s bank lending decreased in October after rising in the previous two months on the back of seasonal factors and lower government bond issuances, data from the People’s Bank of China, the central … (…
China unlikely to dilute fiscal stimulus package, say finance ministry officials
Policymakers are unlikely to make any changes to China’s existing fiscal stimulus package next year, but may focus on additional steps to bolster economic recovery, especially to improve people’s … ( read original story …)
China Says Hopes for IMF Consensus on New SDR Allocation
Zhongxia Jin, China’s executive director at the IMF, told an online event he hoped Washington’s opposition to a new SDR allocation would be overcome as many low-income countries’ liquidity problems … ( read original story…
UPDATE 2-China Oct bank loans fall more than expected but broader credit growth quickens
Oct new loans 689.8 bln yuan vs f’cast 800 bln yuan * Oct M2 money supply +10.5% y/y, vs f’cast of +10.9% * Oct outstanding TSF growth quickens to 13.7% from 13.5% in Sept BEIJING,…
China Will Strive to Achieve Major Tech Breakthroughs: President Xi
China will strive to achieve major breakthroughs in key technologies, state media quoted President Xi Jinping as saying on Thursday. China will build trading platforms for international financial … ( read original story …)
China says will quicken special funds spending to support economy
China will speed up the spending of special funds allocated to local governments to help support the economy, vice finance minister Xu Hongcai said on Thursday. ( read original story …)
China’s Big Tech Crackdown
Welcome to the Capital Note, a newsletter about business, finance and economics. On the menu today: a stalled IPO bodes poorly for China’s tech industry, Ackman’s Big Short 2.0, a bleak economic … ( read…
Second China-Italy Finance Dialogue reaches 20 consensuses
Italy Finance Dialogue was held on Wednesday in the form of video conference, and reached 20 consensuses, said the Ministry of Finance in a statement. Both sides conducted in-depth discussions on … ( read original…
$250 billion wiped off Chinese tech stocks as Beijing signals crackdown
Fears that Beijing could tighten the screw on China’s biggest tech companies have wiped hundreds of billions of dollars off their stock market value in just two days. Shares in Alibaba and JD.com have ……
China’s banking regulator signals tougher fintech antitrust laws
A senior official at China’s banking regulator has warned that technological advances in the financial industry risked creating monopolies, a day after Beijing unveiled new antitrust rules for the … ( read original story …)
Mapping the Futility of China’s Financial Decoupling From the U.S.
Confrontations in trade, technology and geopolitics are threatening to spill over into the financial system, with the U.S. pondering sanctions against Chinese banks and China weighing the possibility … ( read original story …)
