“Exports rapidly improved on the back of recovery in China and other major economies, which spearheaded our third quarter growth,” Finance minister Hong Nam-ki said on Tuesday. China’s early recovery … ( read original story…
FINANCE
Beijing comes banging on real estate’s door
The central bank has asked developers to report monthly investments, loans and more. It’s an extraordinary step to rein in China Evergrande and peers, which have amassed over $2.5 trln of debt. ( read original…
China’s Financial System Needs a Greater Helmsman
Fickle and lacking vision and independence, the People’s Bank of China has encouraged risky corporate behavior and helped to make China one of the world’s most indebted nations. ( read original story …)
China’s banking shares head for ‘V-shaped turnaround’, to rise 60 per cent, CICC says
China’s strengthening economic recovery has already spurred the buying of abandoned banking stocks, as the sector heads for its biggest quarterly gain this year, and China International Capital … ( read original story …)
Capturing Investment Opportunities in China’s $16 Trillion Bond Market
Bloomberg hosted a virtual event convening senior industry leaders in finance to discuss key investment trends and opportunities in China’s bond market. China Construction Bank Corporation Singapore … ( read original story …)
China’s Failing Small Banks Are Becoming a Big Problem
With its ad hoc rescues and bailouts of regional lenders, the country’s central bank risks fueling a larger financial crisis. ( read original story …)
Hong Kong has a huge role to play in supporting China’s fintech juggernaut, financial secretary Paul Chan says
Hong Kong, as the gateway to China and a rising regional fintech power, has much to offer and is poised to reap the rewards, says Paul Chan. ( read original story …)
U.S. Senate Bill Aims for More Financial Restrictions on China. Here’s How That Could Play Out.
The proposed bill calls for barring U.S. investors from taking stakes in Chinese companies on the Commerce Department’s black list or on a list of companies operating in the U.S. with ties to China’s ……
Bank of China Aims to Boost Debt Team on Offshore Deal Surge
Bank of China Ltd. plans to expand its headcount in the offshore bond business by 40% as it fights with global banks for a greater slice of a market that’s seen a surge in Chinese…
Don’t Even Try Paying Cash in China
Ray: Credit cards were never prevalent in China. The country skipped over a generation of finance and went straight to smartphone-based digital payments. And the apps are simple for businesses. If a … ( read…
Beijing and Wall Street deepen ties despite geopolitical rivalry
But the forum, which convened on October 16 according to four people briefed on the discussions, also highlights a rare positive front in Sino-US relations: finance, as Beijing attempts to speed up … ( read…
Hong Kong leader Carrie Lam due in Beijing next week for policy talks to bolster city’s economic recovery
Carrie Lam set to spend three days in the capital to extract support from state officials to help revitalise Hong Kong’s flagging economy. ( read original story …)
China’s Economic Growth Seen Hitting 44-Year Low in 2020, Bounce 8.4% in 2021: Reuters Poll
China’s economic recovery accelerated in the … featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. Investing for Retirement … ( read original story …)
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