China’s exports were supported by strong overseas … featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. The Most Important Ages … ( read original story …)
FINANCE
China Lenders’ Holdings of Corporate Debt Fall as Defaults Climb
China’s commercial banks are reducing their exposure to local corporate bonds after a spate of high-profile defaults rocked the nation’s credit markets in November. ( read original story …)
China Foreign Reserves at Highest Since 2016 as Trade Booms
China’s foreign exchange reserves rose by more than $50 billion in November to the highest since August 2016, likely boosted by the weaker dollar and a trade surplus at record highs. ( read original story…
China in no rush to tighten policy despite quickening recovery: former stats official
China is unlikely to tighten its monetary policy soon, even though an economic recovery could gain steam in coming months, Xu Xianchun, a former vice head of the National Bureau of Statistics, told … (…
US to target more China officials over Hong Kong crackdown, sources say
At least a dozen Communist Party members and officials from the National People’s Congress could face sanctions this week. ( read original story …)
China Has a National Economic Growth Goal. Why Can’t America?
I like the idea of a nation’s leader not only setting a growth target, but making a big deal of it. Chinese President Xi Jinping recently set a goal of doubling the size of China’s…
Global CFOs upgrade China’s economic outlook in Q4 rating: survey
Global chief financial officers (CFOs) have upgraded China’s economic outlook to “Modestly Improving” in the last quarter of the year from “Stable” in the third quarter, showed a recent survey by the … ( read…
Regulatory agency in China clears deal for Genworth Financial to be acquired by China-based investment company
The Henrico County-based insurance company Genworth Financial Inc. said Monday that its long-delayed acquisition by a China-based investment company cleared an important hurdle from a regulatory … ( read original story …)
Former Hong Kong lawmaker Ted Hui says his bank accounts frozen
Former Hong Kong lawmaker Ted Hui said on Sunday his local bank accounts appeared to have been frozen after fled to Britain with his family to continue his pro-democracy activities. Hui told Reuters … (…
‘I was a very bad lawyer’ but ‘banking suited me’, says SparkRaise founder Yeone Fok
Having attended Wellesley, Cambridge, Oxford and Harvard, the founder of ethical crowdfunding platform SparkRaise says, ‘I basically kept studying because I didn’t want to work’. ( read original story …)
Jack Ma’s Ant Group Ramped Up Loans, Exposing Achilles’ Heel of China’s Banking System
Partnering with the fintech giant has higher risks for smaller lenders, which are already on shaky ground. ( read original story …)
China reveals new generation of top-level government appointees, including an ex-copy machine salesman and fighter jet designer
A rural policy expert, a former copy machine salesman and a fighter jet designer are among China’s new generation of officials who have been appointed to key government posts. ( read original story …)
Burner phones and banking apps: Meet the Chinese ‘brokers’ laundering Mexican drug money
Chinese money brokers based in Mexico “have come to dominate international money laundering markets,” U.S. prosecutors have said. ( read original story …)
