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 … (…
FINANCE
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…
China Says India’s New Investment Rules Violate WTO Principles
China urged India to revise new investment rules that seek to block companies from neighboring nations taking over local businesses, saying they’re in violation of principles laid down by the World … ( read original…
China Advertising Association and Trustworthy Accountability Group Partner to Fight Criminal Activity in Digital Advertising
BEIJING and WASHINGTON, April 20, 2020 /PRNewswire/ — China Advertising Association (CAA) and Trustworthy Accountability Group (TAG), an advertising industry self-regulatory initiative to fight … ( read original story …)
Boeing 737 MAX Jet Order Canceled by China Leasing Bank
China Development Bank Financial Leasing canceled an order of 29 Boeing 737 MAX planes list-priced at a minimum $2.9 billion, a media report says. The world’s second biggest airline maker also was the … (…
China’s top brokerage hires Vanguard ex-Asia boss for global drive
China’s Citic Securities Co. , has hired Charles Lin, the former Asia head of Vanguard Group, to be vice chairman of Hong Kong unit CLSA, as the biggest Chinese securities company seeks to build up…
Symphony to launch videoconference tool for finance executives homebound by Covid-19 pandemic and weary of Zoom’s security troubles
Symphony Communications Services, backed by some of the world’s largest financial institutions and Google, is to launch a video conferencing tool targeting finance executives homebound by the … ( read original story …)
China Development Bank, General Electric Cancel Boeing 737 MAX Jet Order
Financial Leasing Co announced on Monday it had agreed with Boeing Co (BA) to cancel the purchase of 29 undelivered 737 MAX jets in the latest blow to the aerospace company.The move comes after the…
ADVERTISEMENT
