Demand for consumer loans is picking up in China, especially among the less affluent, highlighting a group that some say could use more support during the coronavirus-induced economic downturn. ( read original story …)
FINANCE
Ping An Consumer Finance Launches, Expanding Footprint in Financial Services Sector
Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) announced the launch of Ping An Consumer Finance Co., Ltd. (Ping An Consumer Finance) in Shanghai upon approval from … ( read original…
China Is Nowhere Near Replacing The Dollar
If China wants to eat into the dollar’s power globally with the internationalization of the yuan, it needs Europe to acquiesce. ( read original story …)
China Life Insurance Company Limited Announced Change of Person in Charge of Finance
The board of directors (“Board”) of China Life Insurance Company Limited (the “Company” or “China Life”) (NYSE: LFC; SSE: 601628; HKSE: 2628) announced today that due to the adjustment of work … ( read original…
Coronavirus: Mike Pompeo calls on China to share early virus samples, accuses Beijing of destroying some
US Secretary of State Mike Pompeo on Wednesday accused Beijing of destroying samples of the novel coronavirus it gathered during the early stages of the outbreak in China, and called on the Chinese … (…
Beijing moves to strengthen its hold on disputed islands in the South China Sea
New administrative units for the Paracel and Spratly islands are seen as helping to tighten Chinese control and help allocate resources and manpower. ( read original story …)
Is China Wan Tong Yuan (Holdings) Limited’s (HKG:6966) Stock’s Recent Performance Being Led By Its Attractive Financial Prospects?
China Wan Tong Yuan (Holdings) (HKG:6966) has had a great run on the share market with its stock up by a significant 49% over the last three months. Since the market usually pay for a…
Hyundai first-quarter profit tumbles 44%, far short of estimates, as coronavirus slams China demand
South Korea’s Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% to its lowest level for the quarter in a decade, as the coronavirus hit demand in China and due to … (…
Hyundai sees limited China recovery and dismal virus-hit sales elsewhere this year
South Korea’s Hyundai Motor Co 005380.KS said on Thursday it expects only a modest recovery in Chinese auto demand and weak sales elsewh … ( read original story …)
China stocks inch down as economic uncertainty lingers
Mainland Chinese stocks inched down on Thursday as the economic uncertainty sparked by the coronavirus outbreak kept share prices under pressure, making investors reluctant to chase the previous … ( read original story …)
China President Xi says to boost investments, employment
China will step up investment in various sectors including 5G, artificial intelligence, transport and energy and boost employment, President Xi Jinping said on Thursday, as the world’s second-largest … ( read original story …)
China to cut new energy vehicle subsidies by 10% this year
China will cut its subsidies on new energy vehicles (NEV) by 10% this year, and will expand government purchases of NEVs, the finance ministry said on Thursday. ( read original story …)
China Resources Cement Holdings (HKG:1313) Seems To Use Debt Rather Sparingly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility … ( read original story …)
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