An official for China’s central bank has unveiled usage statistics of state-backed digital currency trials that were conducted in three Chinese cities. Speaking virtually at the Sibos 2020 … ( read original story …)
FINANCE
Hong Kong will stay a key financial hub say experts
Hong Kong’s status as a key Asian financial hub will remain intact according to business experts. Speaking to the BBC they said new security laws and protests are unlikely to scare off investors to ……
How China Merchants Bank conquered its competition
China Merchants Bank is the primary bank in its market. Its success has been down to a long-term vision as much as a long-term perspective on its assets under management. ( read original story …)
Western companies pouring big money into China
World-famous firms investing big in the People’s Republic Tesla Leading the way is California’s Tesla. CEO Elon Musk has been described as having a love affair with China and is pushing ahead with a ……
China Bank shortens bond offer period due to oversubscription
China Banking Corp. ended its P15-billion fixed rate bond offering ahead of the originally scheduled October 14 closing, citing overwhelming demand for the issuance. ( read original story …)
Hong Kong will stay key financial hub say experts
Hong Kong’s status as a key Asian financial hub will remain intact according to business experts. Speaking to the BBC they said new security laws and protests are unlikely to scare off investors to ……
China’s ‘three red lines’ strike delicate balance between curbing real estate debt and local government finances
As China moves to tackle excessive borrowing in the real estate sector, it is walking a tightrope between providing cash-strapped local governments with revenues from land sales and keeping a lid on … ( read…
China Liquidity May Not Be Enough To Fight Winter Depression
Global equities look overall fragile as we are entering the winter period. Chances of a second lockdown are gradually increasing, which would lead to a complete disaster for economic fundamentals. ( read original story …)
To green China’s overseas energy finance, the US must offer cleaner alternatives
If the United States wants to green China’s overseas energy finance, it must compete by offering attractive funding for cleaner alternatives, such as solar and wind power. China’s overseas energy … ( read original story…
After Banning ICOs China’s Defi Ecosystem Grows Exponential This Year
The decentralized finance (defi) ecosystem has become a multi-billion dollar industry and quite a bit of the popularity is stemming from China. While a number of defi projects from the West like … ( read…
China’s ‘golden week’ consumer spending fails to help Beijing put its best foot forward
A joyful atmosphere during the holiday in turn helps to shore up consumer confidence and public trust in the country’s government, sentiment that Beijing needs to prepare for what officials see as … ( read…
Fintech, green finance to boost transformation of banking sector: report
The development of fintech, green finance and new business forms will help boost the business transformation of the banking sector, a report released by the Bank of China said. Beefing up green … ( read…
China changes investing rules for foreign institutions
Chinese authorities will integrate separate investment quotas for foreign institutional investors as they continue to open up the market, starting Nov. 1. The China Securities Regulatory Commission, … ( read original story …)
