Beijing’s foreign exchange controls are not conducive to internationalising the yuan, says former central bank governor Zhou Xiaochuan, but others caution against leaving China ‘defenceless’ by … ( read original story …)
FINANCE
Chinese financial services platform Lufax sets terms for $2.2 billion US IPO
Lufax Holding, which provides a leading platform for retail loan facilitation in China, announced terms for its IPO on Thursday. The Shanghai, China-based company plans to raise $2.2 billion by … ( read original story…
The balance of power is shifting in Asia, and China is gaining on the US
China has closed the gap, according to Australia’s Lowy Institute think tank, but neither Beijing or Washington is destined to dominate the region. ( read original story …)
‘They would have called me Beijing Barry’: Obama takes aim at Trump’s Chinese bank account
Former President Barack Obama returned to the campaign trail Wednesday with a blistering attack on Donald Trump with less than two weeks to go before the Republican president’s Election Day face-off … ( read original…
China to enhance inclusive financial services: official
China will further improve inclusive financial services as part of efforts to bolster financial development, an official said Wednesday. Some 99 percent of the Chinese population has access to basic … ( read original story…
Finance and Foreign Policy Mix When China and Japan Lock Horns
Though much discussion about geopolitical influence in Asia centres on U.S.-China conflict, Tokyo is the real financial challenger to Beijing. ( read original story …)
Are China’s Bonds as Safe as Treasuries? Not Quite. But They’re Closer Than You Think.
and the Institute of International Finance, which tracks the data, forecasts another $49 billion by year’s end. Market dynamics are driving some of those flows. China’s stocks are still lumped in with … ( read…
Obama Says Fox News Would Call Him ‘Beijing Barry’ If He Had ‘Secret Chinese Bank Account’ Like Trump
Former President Barack Obama believes he would have gotten very different treatment from Fox News if he had a “secret Chinese bank account” like Trump.“Listen, can you imagine if I had had a secret ……
Citigroup Beefs Up China Expansion With Investment Bank Plan
Citigroup Inc. is planning to include an investment banking unit in China to take advantage of an expected steady stream of big stock deals as the nation opens up and liberalizes its financial markets ……
Obama jokes about Trump’s taxes, Chinese bank account: Fox News ‘would have called me Beijing Barry’
Former President Barack Obama had a little fun on Wednesday during his drive-up rally for Democratic presidential nominee Joe Biden, telling the crowd in Philadelphia that he doesn’t think a certain … ( read original…
Trump’s Taxes Show the President Has an Awful Lot of China-Linked Financial Interests
President Donald Trump’s compulsion to accuse others of what he himself stands accused of continues unabated in the 2020 race, with Trump trying to tar Joe Biden as somehow in the pocket of China. (…
China Has a Few Things to Teach the U.S. Economy
Even after decades of hypergrowth, and despite having a huge economy in terms of total size, China was and is still much poorer than the U.S. on a per capita basis. The typical Chinese family…
The Capital Note: What to Expect from China’s 19th Party Congress
China’s 19th Party Congress, vaccine diplomacy, insider trading from home, and a look at the Microsoft antitrust case. ( read original story …)
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