When it comes to companies exposed to emerging markets — most notably China — investors should beware the lack of visibility into their books, U.S. Securities and Exchange Commission Chairman Jay … ( read original…
FINANCE
Why China is the biggest winner in oil price war
Emily McCormick joins Seana Smith to break down why China will benefit from U.S. oil prices dropping below zero. ( read original story …)
China ‘the biggest winner’ of coronavirus-inspired oil plunge
A clear winner has emerged from the historic rout in global oil markets: China, which is reaping an unlikely reward from a crisis it helped foment. ( read original story …)
Just a Test: China Central Bank Confirms Digital Yuan Mobile App Trials
China’s central bank confirmed it will be testing a mobile app for the digital yuan in four cities, with a fifth in the works, and emphasized it’s a test. ( read original story …)
Profits of China’s state-owned firms fall 59.7% year-on-year in first quarter: finance ministry
Profits of China’s state-owned firms plunged 59.7% in the first three months of 2020 from a year earlier to 329.16 billion yuan ($46.46 billion), the Finance Ministry said on Tuesday, as the … ( read…
KPMG China launches the third KPMG China Leading AutoTech 50 report
China’s automotive industry sees transformation opportunities, while balancing risks amid the pandemic HONG KONG, April 21, 2020 /PRNewswire/ — China’s automotive industry is entering a phase rapid … ( read original story …)
China’s central bank conducting tests of digital yuan payment system
China’s central bank is conducting tests of a digital yuan payment system in four cities across the country, it told Reuters on Tuesday. The People’s Bank of China (PBOC) responded to Reuters’ queries … (…
Ping An Bank Kicks Off China Lenders’ Earnings With Profit Beat
Ping An Bank Co., the lending arm of China’s largest insurer, kicked off the earnings season for Chinese banks with better-than-estimated profit growth after ramping up loans to corporates even as the … ( read…
China Q1 fiscal revenues down 14.3% yr/yr -finance ministry
China’s fiscal first quarter revenue fell 14.3 percent from a year earlier to 4.598 trillion yuan ($649.75 billion), the country’s finance ministry said on Monday, attributing the decline to the … ( read original story…
Lesson learned on China: bring our companies back home
The Chinese Communist Party’s coronavirus has already cost American taxpayers more than $2 trillion. And that’s not even counting all the business and industry that’s been lost since the economy came … ( read original…
LOGOS, Ivanhoe Cambridge and Bouwinvest Complete First Close of China Logistics Development Venture with US$800m of Investment Capacity
LOGOS, Ivanhoe Cambridge and Bouwinvest are pleased to announce they have completed a first close to establish a new logistics development venture in China with a GCC-based (Gulf Cooperation Council) … ( read original story…
China’s central bank says digital currency could be used in 2022 Winter Olympics
The People’s Bank of China (PBOC), the country’s central bank, has said that its digital currency could be used in the 2022 Winter Olympics event. The post China’s central bank says digital currency … (…
Beijing Pays the Price for the Slow Pace of Economic Reform
As the world’s largest nations send out helicopter money amounting to well more than 10% of their gross domestic product to fight the economic effects of the coronavirus pandemic, China, which just … ( read…