Sept outstanding TSF growth quickens to 13.5% from 13.3% in August (Adds comments from central bank and analysts) … ( read original story …)
FINANCE
Its Time to Dump U.S. Tech Stocks, One Investment Bank Says. Here’s What to Buy Instead.
There’s no disputing investors are putting a premium on U.S. tech stocks. The only question is whether that premium is deserving or not. ( read original story …)
China Sept bank lending tops forecast, corporate loans…
BEIJING, Oct 14 (Reuters) – China’s new bank loans grew more than expected in September fuelled by a jump in corporate loans as the economy continued to recover from its coronavirus-induced slump. The … (…
China’s digital currency aims to leave the rest of the world in the dust
China is already test-driving the future of finance while the rest of the world is stuck trying to get its learner’s permit. What’s happening: Over the past two weeks Chinese authorities in cities … (…
China’s digital currency: A small leap forward
A pilot scheme taking place in Shenzhen this week offers a glimpse into China’s plans to build the world’s first national digital currency. ( read original story …)
UPDATE 1-China’s Sept new bank loans rise more than expected
Sept outstanding TSF growth quickens to 13.5% from 13.3% in August (Adds details, background) BEIJING, Oct 14 (Reuters) – China’s new bank loans grew more than expected in September while broad credit … ( read…
Which central bank will launch world’s first digital currency?
The race among central banks to launch sovereign digital currencies is heating up. China has made considerable progress, with hopes of using its nascent digital currency to help internationalise the … ( read original story…
China Sept new bank loans rise to 1.9 trln yuan, top estimates
Chinese banks extended 1.9 trillion yuan ($282.3 billion) in new yuan loans in September, up from August and exceeding analysts’ expectations. ( read original story …)
Westpac to Cut More Than 150 Jobs as Bank Exits China, India
Westpac Banking Corp. is cutting more than 150 jobs as Australia’s second-largest lender consolidates its international operations, according to people familiar with the matter. ( read original story …)
China Is Buying Up Record Chunks of Japan’s Debt Mountain
China went on a record-buying spree of Japanese bonds over the summer months, snapping up $20.9 billion of the low-yielding debt to spur talk that it’s diversifying reserves. ( read original story …)
China Targets U.S. Buyers with $6 Billion Dollar Debt Sale
China is pressing ahead with a dollar bond sale amid growing uncertainties over U.S. elections and tensions with Washington. ( read original story …)
Chinese bank signs debt suspension deals with 11 African countries
Exim Bank of China has signed debt suspension agreements with 11 African countries as Beijing committed to fully taking part in the Group of 20 Debt Service Suspension Initiative (DSSI). China’s … ( read original…
China Bolsters Its Dominance of Global Trade
China is cementing its status as the world’s dominant trading nation, confounding warnings that a once in a century pandemic combined with simmering tensions with the U.S. would derail that status. ( read original story…
