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. (…
FINANCE
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 …)
HSBC to buy out life insurance joint venture partner in China
HSBC Holdings PLC said on Monday its insurance unit had agreed to acquire its China life insurance venture partner’s 50% stake to own fully the company under the new rules on foreign ownership that ……
Coal Loses Backing From Another Big Bank
Financing a thermal coal project in Australia just got a little bit harder after Westpac Banking Corp. said it would exit the sector by 2030, leaving Australia and New Zealand Banking Group Ltd. as ……
Pandemic slams Asia’s factories, activity hits financial-crisis lows
Asia’s factory activity was ravaged in April, business surveys showed on Monday, and the outlook dimmed further as government restrictions on movement to contain the coronavirus outbreak froze global … ( read original story …)
Bank of China’s US$1 billion hole from plunging oil shows how investors and banks alike are ill-prepared for risks of chasing after high returns
Every day since April 15, David Wang’s smartphone would buzz with a message from Bank of China. May contracts for Crude Oil Treasure, a structured financial product that gives the layperson an easy … (…
Chairman Yuhao Lin Just Bought 96% More Shares In China Finance Investment Holdings Limited (HKG:875)
China Finance Investment Holdings Limited (HKG:875) shareholders (or potential shareholders) will be happy to see … ( read original story …)
