The stock connect programme linking mainland exchanges with Hong Kong will be expanded to allow foreign investors to trade more commodities futures products. ( read original story …)
FINANCE
China Vows to Expand Stock Connect in Further Market Opening
China will accelerate the opening up of its capital markets and deepen reforms to attract more foreign investors, China Securities Regulatory Commission Vice Chairman Fang Xinghai said.The regulator w … ( read original story …)
Who Wins if China Dumps US Treasuries?
Please consider China May Ditch US Treasuries as Decoupling Risk Looms. China could gradually cut its holdings of US Treasury securities by about 20 per cent to US$800 billion, the state-backed Global … ( read…
What will China’s central bank digital currency mean for Alipay and WeChat Pay?
China already boasts more digital mobile payment users than anywhere else on earth, in a US$49 trillion market almost 500 times bigger than in the United States. The People’s Bank of China governor Yi ……
Beijing likely to dump US treasuries as US-China tensions soar: Report
U.S. holder of Treasuries, held $1.074 trillion in June, down from $1.083 trillion the previous month, according to latest official data … ( read original story …)
China’s Xi supports Beijing free trade zone
Chinese President Xi Jinping said on Friday he supports the city of Beijing in setting up a pilot international free trade zone for the service sector and digital economy and to promote scientific and ……
China fines five financial firms $47 million for misconduct
China fined five financial institutions a total of 320 million yuan ($47 million) on Friday, as the country’s watchdog steps up a crackdown on financial misconduct to tame systematic risks. ( read original story …)
China may dump U.S. Treasuries as Sino-U.S. tensions flare: Global Times
China may gradually cut its holdings of U.S. Treasury bonds and notes, in light of rising tensions between Beijing and Washington, state-backed newspaper Global Times cited experts as saying. With … ( read original story…
China shares end lower; Shanghai posts first weekly loss in six
China stocks closed lower on Friday after a sharp overnight selloff in Wall Street, with the benchmark Shanghai index posting a weekly loss after a five-week winning streak. ( read original story …)
China Banks Plan $29 Billion in Bond Sales to Replenish Capital
Industrial & Commercial Bank of China Ltd., the world’s largest lender, and three domestic competitors plan to sell a combined 195 billion yuan ($28.5 billion) of perpetual or tier-2 capital … ( read original story…
A tale of two Hong Kongs: Beijing cracks down while the financial hub thrives
Ant Group’s IPO will take place against a backdrop of the dismantling of the territory’s pro-democracy movement … ( read original story …)
Why China hasn’t forgotten about the war against Japanese aggression
BEIJING, Sept. 3, 2020 /PRNewswire/ — The Chinese People’s War of Resistance Against Japanese Aggression that lasted from 1931 to 1945 forever changed China and China-Japan relations. China is … ( read original story …)
China’s Mega Banks Are in Mega Trouble—And So Is the Chinese Economy
As everyone in Beijing leadership circles knows, the failure to move to a consumption-based economy risks a debt crisis and a debt crisis risks the banks.” … ( read original story …)
