After a postponement of more than a month, Hong Kong’s chief executive delivered her longest policy address on Wednesday morning to set out plans for the coming year before a Legislative Council now … (…
FINANCE
China’s yuan firms as dollar dips on stimulus, vaccine hopes
China’s yuan strengthened on Wednesday after the central bank set a stronger mid-point for the currency’s daily trading band, and as rising risk appetite and expectations for U.S. fiscal stimulus … ( read original story…
China to boost financial cooperation with Singapore: officials
China will strengthen cooperation with Singapore to promote greater financial connectivity, according to officials. Chen Yulu, vice-governor of the People’s Bank of China (PBOC), made the remarks at … ( read original story …)
Hong Kong Leader Vows Closer Ties With Beijing in Key Speech
(Bloomberg) — Hong Kong Chief Executive Carrie Lam vowed to continue strengthening ties with China, using an annual policy address to defend Beijing’s tightening grip over the financial hub and … ( read original story…
Carrie Lam policy address 2020: Hong Kong leader hails Beijing’s staunch support, doubles down on national security and vows to ‘relaunch city, rebuild trust’
After a postponement of more than a month, Hong Kong’s chief executive delivered her longest policy address on Wednesday morning to set out plans for the coming year before a Legislative Council now … (…
China stocks post biggest intraday fall in nearly a month as EV stocks drag
China shares closed lower on Wednesday, posting the biggest intraday loss in nearly a month, as electric vehicle stocks fell on news of a government investigation into the sector. EV shares fall on … (…
Hong Kong Leader Vows Closer Ties With Beijing in Policy Address
(Bloomberg) — Hong Kong Chief Executive Carrie Lam vowed to continue strengthening ties with China, using an annual policy address to defend Beijing’s tightening grip over the financial hub and … ( read original story…
China’s Finance World Opens Up to Foreigners, Sort Of
China’s more than $50 trillion financial services industry. Even a sliver can be lucrative. Not long ago Bloomberg Intelligence estimated that foreign banks and securities firms could be raking in … ( read original story…
China Biologic Reports Financial Results for the Third Quarter of 2020
PRNewswire/ — China Biologic Products Holdings, Inc. (NASDAQ: CBPO, “China Biologic” or the “Company”), a leading fully integrated … ( read original story …)
China Makes a Safe Space for Consumers. Will They Spend?
Earlier this month, China loosened restrictions on licensed consumer finance companies to enable lower provision coverage ratios. That would allow them to lend more, and help consumers borrow more. ( read original story …)
Biden’s America will be playing catch-up as China’s economy leaps forward
The pandemic might well bring forward the date at which China will overtake the US economy. Meanwhile, Trump’s policies are leaving Biden with a lot of diplomatic relationships to repair, even as … ( read…
China’s Li Sees Economy Returning to ‘Proper’ Range Next Year
China will likely return to a more “proper” range of economic development next year, Premier Li Keqiang said, indicating a strong rebound in growth after this year’s pandemic slump. ( read original story …)
China Economic Activity Can Return to Reasonable Range in 2021: Premier Li
Chinese Premier Li Keqiang said on Tuesday he expected that economic activity in the country can return to a reasonable range next year, after the impact of the coronavirus pandemic on growth in 2020. (…
