China says Iran’s foreign minister will visit the country from Friday to Saturday, a day after the Trump administration blacklisted virtually all of Iran’s financial sector in the latest step aimed at … ( read…
FINANCE
China’s Plan To Challenge The USA’s Tech Dominance
The reality is that President Xi wants to nationalize just about everything in China so it is the main provider of goods, services and tech-related products to China itself. He wants China to be ……
China’s Ping An-Backed Lufax Files for $3 Billion U.S. IPO
Lufax Holding Ltd., one of China’s largest online wealth management platforms, on Wednesday filed to list its shares in the United States, the latest … ( read original story …)
US asset managers race to gain China market share
China officially lifted the investment limitation for foreign fund management firms to 100% own a retail mutual fund business in the mainland. The new opportunity is massive, as foreign players can … ( read original…
Travel Spending Recovers 70 Percent During China’s Golden Week
Some 637 million people traveled within China during the country’s eight-day holiday, representing a 79 percent recovery year-over-year. ( read original story …)
How Japan’s status as financial hub benefits from China’s Hong Kong crackdown and Singapore’s limits on foreign workers
China’s crackdown on Hong Kong and Singapore’s limits on foreign workers have created an opening for Japan to become more inviting for foreign financiers. ( read original story …)
BUZZ-COMMENT-China’s central bank surprisingly unleashes the yuan
China’s onshore yuan roared to a near 18-month peak against the dollar early Friday as mainland financial markets reopened after a week-long break. The catalyst was the central bank indicating … ( read original story…
Bonds Signal China Has Dodged Its Minsky Moment
That debt has somehow managed to stay in the complicated tubes and pipes of China’s financial system, and a Minsky Moment has been avoided — three years after the outgoing head of the People’s Bank…
China’s Growth Story Isn’t What It Seems: Diana Choyleva
The tailwinds that powered the nation’s economic rise are turning into headwinds, and Xi Jinping risks undermining the key drivers of success. ( read original story …)
South China Sea crisis: Canada urges NATO to track Beijing in ‘strong message’ to Xi
READ MORE: South China Sea: UK and France prepare to take on Beijing Ms Wanzhou was reportedly detained in a case related to bank fraud which could see her being extradited to the US. Beijing…
What China’s Three Red Lines Mean for Property Firms
The danger lurking in China’s debt-laden real estate sector was never so clear as in late September, when word of a possible cash crunch at China Evergrande Group, the world’s most indebted property … (…
China Market Update: Lufax Holdings Looks To Capitalize On Ant Group’s Fintech Interest With An NYSE Listing
Asian equities were largely higher on light volumes, though the 50 stock Hang Seng Index was off a touch/-0.2% after rising off its intra-day low of -0.9%. The broader Hang Seng Composite gained +0.3% ……
UK lawmakers accuse Huawei of ‘collusion’ with Beijing, say telco’s gear may be axed from British networks by 2025
In July, the U.K. government announced that mobile network operators in the country would need to rip out Huawei gear from their infrastructure by 2027. Now lawmakers say that might need to happen by … (…
