The two British institutions that dominate Hong Kong’s banking system waded into the political minefield over the former colony’s future for the first time since protests last year and backed Beijing … ( read original…
FINANCE
360 Finance Among First Wave of Companies to Register its Financial Services App with China’s NIFA
Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that its mobile application “360 Jietiao” was among the first batch of finan … ( read original story…
China may sell Treasurys, but that doesn’t mean it’s ‘weaponizing’ its more than $1 trillion hoard of U.S. debt, says Deutsche Bank
Deutsche Bank analysts say any sale of U.S. Treasurys by Beijing is likely unrelated to efforts by China to retaliate against the U.S., as tensions … ( read original story …)
Head of U.S. Senate finance panel sees China keeping trade deal commitments
The chairman of the U.S. Senate Finance Committee said on Tuesday he is not worried that China will fail to keep its commitments under the Phase 1 U.S.-China trade deal in the long term, despite…
Senate Finance examines overseas drug manufacturing today
USTR extends fifth batch of China tariff exclusions for only six months — China reportedly orders halt of some U.S. agricultural purchases … ( read original story …)
UPDATE 1-China c.bank vice governor says more policy support needed amid pandemic
China’s central bank vice governor said on Tuesday the economic hit from the coronavirus pandemic was bigger than first expected and that more monetary and credit policy support was needed. China … ( read original…
360 Finance Receives App Security and Information Security Certifications from China’s CVERC
Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that its fintech services application, 360 Jietiao, has received both the … ( read original story …)
Why Is Beijing Bailing Out Car Inc.?
Famed investor Carl Icahn couldn’t save an American emblem, Hertz Global Holdings Inc. So why does a Beijing-backed enterprise think it can rescue China’s largest car rental company? With its … ( read original story …)
China c.bank to buy bank loans to spur lending to small firms by 1 trln yuan
China’s central bank will start buying bank loans made by local lenders to small firms this week to try to prod banks to lend as much as 1 trillion yuan ($140.18 billion) to small businesses…
RPT-UPDATE 2-China c.bank to buy bank loans to spur lending to small firms by 1 trln yuan
BEIJING, June 1 (Reuters) – China’s central bank will start buying bank loans made by local lenders to small firms this week to try to prod banks to lend as much as 1 trillion yuan…
China Central Bank to Buy Bank Loans to Spur Lending to Small Firms Worth 1 Trillion Yuan
The People’s Bank of China (PBOC) would also buy some bank loans extended to small firms under the inclusive financing program from June 1 on a quarterly basis, it said in a statement on its…
Beijing Fires Back in Retaliation to the Retaliation and Yet the Dollar Slides
Economic data shows an improvement but nothing to write home about. Civil unrest, economic gloom, and unprecedented unemployment must be a … ( read original story …)
The Finance 202: Nationwide protests highlight minority frustration with economic disparities
But the rage fueling protests is longstanding, stemming not only from frustrations over racial disparities in criminal justice but economic outcomes, as well. Minority communities already have … ( read original story …)
