Bank of China Ltd. told clients it’s willing to shoulder part of the $1 billion loss suffered by thousands of retail investors after a product linked to the price of oil collapsed last month. (…
FINANCE
China’s Big Banks Are Weathering the Coronavirus Crisis—and May Even Keep Their Dividends
China’s strong backing of its largest lenders obscures an understanding of how they might perform under stricter market conditions, analysts say. In addition, the banks may cut their dividends but … ( read original story…
Coronavirus: China gets defensive during high-level EU event on fundraising and vaccine development
The European Union’s effort to raise new funds for developing and distributing Covid-19 vaccines has met with a cold shoulder from China, despite the bloc’s success in almost reaching its US$8 billion … ( read…
GOP Senator Abruptly Goes from China Cheerleader to Anti-Beijing Hawk
The shift comes right as the Republican Party is encouraging candidates to turn the COVID conversation away from Trump and on to China. ( read original story …)
China Construction Bank bolsters safeguards to contain investor losses in commodities
China Construction Bank (CCB) announced new trading procedures for its commodities investment products on Monday, after regulators ordered banks to bolster their risk management protocols following … ( read original story …)
Africa has a question for Beijing: will you forgive us our debt?
Chinese state banks have poured billions into the continent as part of the belt and road scheme, but it is unclear how Beijing will respond to calls for debt relief amid the Covid-19 downturn. (…
Introducing Beijing Enterprises Medical and Health Industry Group (HKG:2389), The Stock That Tanked 84%
Spare a thought for those who held Beijing Enterprises Medical and Health Industry Group Limited (HKG:2389) for five whole years – as the share price tanked 84%. We also note that the stock has ……
Huaxia Bank reports profit growth
BEIJING, May 5 (Xinhua) — Huaxia Bank, a medium-sized Chinese lender, saw stable growth in both profit and revenue in the first quarter. The lender’s profit in the period rose 6.03 percent year on ……
Why the Dow industrials won’t get derailed by U.S.-China coronavirus tensions
Rising tensions between the U.S. and China over the handling of the COVID-19 pandemic are sending shivers through financial markets, but shouldn’t have … ( read original story …)
Op-Ed: China pioneers a national digital currency. Can the U.S. catch up?
While China introduces the ‘digital yuan’ in pilot program, U.S. struggles with old technology that prevents many people from getting coronavirus funds. ( read original story …)
Global and China Financial Leasing Industry Report, 2020-2026
Financial leasing as financial service is a direct way to stimulate real economy and help companies tap idle assets and reduce liabilities. In recent years, the boom of the industry was accompanied by … (…
SenseTime, central bank partner to promote AI technology in finance
BEIJING, May 4 (Xinhua) — China’s fast-growing technological company SenseTime has partnered with an institute affiliated with the central bank to promote the innovative research on artificial … ( read original story …)
Corporate debt in China, Singapore and South Korea is rising fast as coronavirus hits revenue
Among Asian economies, corporate debt builds up the fastest and the most in China, South Korea and Singapore, according to a report by Australian bank ANZ last week. ( read original story …)
