China will market debt to US-based institutional investors for the first time as part of the proposed offering. ( read original story …)
FINANCE
China’s Central Bank Drafts Rules for Fund to Help Manage Risks of Third-Party Payment Firms
The People’s Bank of China (PBOC) requires payment firms to hand in provisions from January 2019 to secure clients’ money, which comes along with a quarterly interest. Now it plans to take 9.5% to ……
Here’s a first glimpse of China’s digital yuan
China has begun its largest-ever test of its virtual currency, with 50,000 citizens invited to try out the government’s digital yuan wallet. ( read original story …)
China Set to Price $6 Billion Debt Deal as Soon as Wednesday
China’s government is expected to price a potential $6 billion bond sale as early as Wednesday, ahead of potential volatility from U.S. elections next month. ( read original story …)
China September Trade Surplus With U.S. Narrows to $30.75 Billion
China’s trade surplus with the United States stood at $30.75 billion in September, Reuters calculations based on Chinese customs data showed on Tuesday, down from a $34.24 billion surplus a month … ( read original…
Australia Seeks Clarity From Beijing on Coal Import Ban
The Australian government is seeking clarification from Beijing on reports that China has suspended purchases of Australian coal amid heightened diplomatic tensions between the two countries.Chinese p … ( read original story …)
Hong Kong leader postpones annual policy address until after Beijing talks
Hong Kong Chief Executive Carrie Lam has postponed her annual policy address scheduled for Wednesday in order to go to Beijing for talks on how the central government can help with the financial hub’s ……
China Development Bank pledges financing for sustainable poverty alleviation efforts
(Xinhua) — The China Development Bank (CDB), one of the country’s policy banks, has established a loan issuance plan to promote relocation programs under the country’s poverty relief efforts. The … ( read original story…
Hedge Funds, China Should Give More Debt Relief, World Bank Says
The Group of 20 nations should extend debt relief to the poorest nations through the end of next year, and hedge funds and China should participate more in the efforts, World Bank President David ……
China’s central bank urges faster digital yuan roll-out as other countries begin tests
Comments come as other major central banks have made inroads on the development of their own sovereign digital currencies, and as China looks to protect itself amid geopolitical tensions with the … ( read original…
China’s central bank signaling it’s ‘unhappy’ with pace of yuan appreciation, says analyst
Rohit Garg, director at Bank of America Merrill Lynch, explains the possible reasons why China’s central bank changed rules that made it cheaper for traders to short the currency. ( read original story …)
Hong Kong leader Carrie Lam postpones annual policy address until after trip to Beijing
Hong Kong Chief Executive Carrie Lam said on Monday she will postpone her annual policy address, initially scheduled for Wednesday, to first hold a trip to Beijing to discuss China’s support for the … (…
China moves to curb yuan strength, making it cheaper to bet against the currency
China’s central bank moved to change a rule that means traders will find it cheaper to short the yuan, triggering some weakness in the currency on Monday after months of strengthening. ( read original story…
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