People’s Bank of China governor Yi Gang says ‘there’s no timetable for an official launch’ of the world’s first sovereign digital currency despite upcoming trials. ( read original story …)
FINANCE
China conducts fifth central bank bills swap in 2020
The People’s Bank of China, the central bank, conducted the fifth central bank bills swap (CBS) operation in 2020 Tuesday to improve the liquidity of perpetual bonds issued by commercial banks. The … ( read…
U.S. Nationalism Pits the Financial World Against China
Globalization means increased movement of people, physical goods and of financial capital across borders. All of it is under increasing stress. The free movement of people is being curtailed by … ( read original story…
China Yuchai International Announces Unaudited First Quarter 2020 Financial Results
PRNewswire/ — China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”), a leading automotive manufacturer and distributor of engines for on- and off-road applications in China … ( read original story …)
China and the U.S. need to talk on equal terms, says expert
Victor Gao, vice-president of Beijing-based think tank Center for China & Globalization, says U.S. pressure on the country is counterproductive, and the two sides need to instead talk on equal terms … ( read original…
China Telecom Voted as “No.1 Best Telecommunications Company in Asia” by FinanceAsia
China Telecom Corporation Limited (“China Telecom” or “the Company”; HKEx: 00728; NYSE: CHA) was voted by portfolio managers and analysts around the globe as “No.1 Best Telecommunications Company in … ( read original story …)
China’s central bank injects 10b yuan into market Tuesday
China’s central bank pumped cash into the banking system via reverse repos to maintain liquidity on Tuesday. The People’s Bank of China injected 10 billion yuan ($1.40 billion) into the market through … ( read…
China shares end higher as c.bank governor boosts support hopes
China shares ended higher on Tuesday as investors cheered a pledge by the central bank to strengthen policies aimed at reviving an economy paralysed by the coronavirus pandemic. S hanghai stocks add 1 … (…
China Just Crossed A Dangerous New Line For Huawei, Threatens ‘Retaliatory Responses’
China has issued new threats as it looks to limit the devastating damage to Huawei from the latest U.S. action. ( read original story …)
China Will Maintain Stimulus Even as Economy Improves
People’s Bank of China Governor Yi Gang said the central bank will focus on five measures to support credit provision to the real economy, following the government’s announcement of more “direct” … ( read original…
Hong Kong police embrace China’s security law plan
Hong Kong’s security chief on Monday welcomed China’s plans to impose a national security law on the financial hub, saying it was needed to defeat “terrorism” and calls for independence. Beijing plans … ( read…
China Medical System Holdings Limited’s (HKG:867) 3.9% Dividend Yield Looks Pretty Interesting
Dividend paying stocks like China Medical System Holdings Limited (HKG:867) tend to be popular with investors, and … ( read original story …)
China central bank resumes reverse repo operations after near two-month hiatus, traders say
China’s central bank will inject 10 billion yuan (1.15 billion pounds) into money markets on Tuesday through seven-day reverse bond repurchase agreements, breaking a near two-month hiatus with no … ( read original story …)
