China’s banking regulator is organising a nationwide training programme to enhance risk awareness among its senior bankers to help contain a surge in bad loans and support its economic recovery … ( read original story…
FINANCE
China to Crack Down on Local Financial Asset Bourses
China’s securities regulator is considering a crackdown on venues facilitating over-the-counter transactions for real estate developers and online finance firms across the country as it seeks to … ( read original story …)
China’s bad financial habits crack Baccarat
The 256-year-old French crystal maker is in receivership after its owner, a cash-strapped Hong Kong wealth manager, defaulted on private loans used to acquire it, prompting a court battle. It’s safer … ( read original…
Asia-Pacific stocks decline as data shows China’s August consumer prices rose; tech shares see losses
Chinese inflation data for August released Wednesday showed the producer price index declined 2.0% in August from a year earlier, according to China’s National Bureau of Statistics. That was in line … ( read original story…
China’s Building Binge Lures Stock Pickers to Cheap Steel Mills
The Chinese steel industry has benefited more than most as its economy takes the lead in emerging from the coronavirus-crisis and supply is hard-pressed to keep up with demand. It means that China’s … (…
How China Is Closing In on Its Own Digital Currency
While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with…
China’s Most Strained Relations Are With Its Most Valuable Trading Partners
A new study shows that the countries most soured on China are also its most important trading partners. Something has to give. ( read original story …)
How to Open a Bank Account in China: New Requirements amid COVID-19
We address key concerns on how to open a bank account in China for newly formed companies, amid tighter KYC scrutiny after COVID-19 and the travel ban. ( read original story …)
Investors Are Swiping Left on the “Tinder of China”
Several analysts downgraded Momo after the dismal report, which indicated the “Tinder of China” was stuck in a rut as bigger Chinese tech companies continued to outperform the market. Let’s see why … ( read original…
China stocks end higher as financials lend support
China stocks closed higher on Tuesday, supported by heavyweight financials firms as investors sought opportunities in cheap shares, though persistent Sino-U.S. tensions weighed on the market. ( read original story …)
China’s new yuan loans set to rise in Aug, keep economy on recovery path: Reuters poll
China’s new bank loans are expected to have risen in August from the previous month, as the central bank sought to keep liquidity flush to support embattled smaller companies and backstop an economy … (…
China’s financial sector accelerates opening up amid pandemic
Though the global financial sector is facing challenges amid the COVID-19 pandemic, China has continued to accelerate the opening up of its financial sector. “If a Chinese company sells its products … ( read original…
POLL-China’s new yuan loans set to rise in Aug, keep economy on recovery path
China’s new bank loans are expected to have risen in August from the previous month, as the central bank sought to keep liquidity flush to support embattled smaller companies and backstop an economy … (…
