China International Capital Corporation Limited (CICC, stock code: 03908.HK, 601995.SH) announces that it is successfully listed on the … ( read original story …)
FINANCE
Spending with China’s digital yuan around $300 million, PBOC says
More than 2 billion yuan ($299.07 million) has been spent using China’s new digital currency so far in 4 million separate transactions, Yi Gang, the governor of the People’s Bank of China (PBOC), said ……
UBS’s Ermotti Leaves Banking in Pandemic Drift
Few European banking bosses have survived this long since the global financial crisis. After nine years at the helm of UBS Group AG, the world’s biggest wealth manager, Sergio Ermotti will stand down … (…
China Presses Ahead With Smaller Import Fair Amid Pandemic
China is set to be the only major economy to grow this year after largely bringing the epidemic under control after it first emerged in the central city of Wuhan last year. The China International…
Hint of menace from China’s new routemap
The Communist Party’s Fifth Plenum – setting out China’s economic and strategic path until 2035 – has ramifications for the world that may ultimately matter as much as the outcome of the US election. (…
China eases rules, widens US$222 billion inbound investment path, offering the renminbi as a safe haven against global volatility
China’s yuan-denominated assets will get a fresh catalyst this month from some policy measures to give foreign stock and bond managers wider access to the capital markets. That also means exposure to … ( read…
Hong Kong should stick to China’s economic blueprint amid uncertainty over US ties, finance chief says
Quoting analysts, Paul Chan says US policy on China likely to remain the same and Hong Kong will benefit by seizing opportunities in the bay area. ( read original story …)
Africa’s Elite Share The Blame For China’s Belt, Road Debt Crisis
There is nothing surprising about China aggressively offering loans to African governments as part of Xi Jinping’s signature Belt, Road Initiative. What is puzzling, amid the deleterious economic … ( read original story …)
China’s factory activity growth slows slightly in October
China’s factory activity expanded at a slightly slower pace in October but was slightly above analysts’ expectations, suggesting a continuing economic recovery as the country rebounds from the … ( read original story …)
China Says It Grants More Debt Relief, Backs G-20 Coordination
So far, more than 40 countries have asked to delay $5 billion in official bilateral debt payments, according to the Institute of International Finance. Read more on how China’s Feud With Bondholders … ( read…
As China’s yuan becomes a Biden election play, PBOC pushes back
Speculative bets that Joe Biden will win the White House on Nov. 3 and bring a steadier tone to rocky Sino-U.S. relations have turbocharged the strongest yuan rally in years, and Chinese authorities … (…
Bank of Communications profit decline narrows
The Bank of Communications, one of China’s largest commercial banks, saw narrowing profit decline and growing revenue in the first three quarters of the year as the country’s economy recovers and … ( read original…
China to Increase Incomes, Expand Middle Class in 2021-2025 State Planner Official
BEIJING (Reuters) – China will increase the incomes of low-income groups and expand middle class over the 2021-2025 period, Ning Jizhe, the vice head of the National Development and Reform Commission, … ( read original…
