Shares listed on the mainland’s year-old Nasdaq-style technology board are trading at huge premiums to near-identical stocks in Hong Kong. ( read original story …)
FINANCE
China’s central bank injects liquidity into market via reverse repos
China’s central bank Wednesday pumped cash into the banking system via reverse repos to maintain liquidity. The People’s Bank of China injected 200 billion yuan (about 28.9 billion U.S. dollars) into … ( read original…
China state-owned firms’ Jan-July profits down 30.4% y/y – finance ministry
July period fell 30.4% from a year earlier to 1.48 trillion yuan ($214.34 billion), the finance ministry said in a statement on Wednesday. ( read original story …)
Central bank plans more rate reforms to cut borrowing costs
The People’s Bank of China, the central bank, said on Tuesday that it would continue to use interest rate reforms to further lower the borrowing costs for companies and clarified that despite … ( read…
Beijing’s push for mass Covid testing in Hong Kong commits the cardinal sin of public health
Hong Kong’s leader slammed scientists who questioned the government’s universal testing scheme as an attempt to “smear” the local and Beijing governments. ( read original story …)
China Central Bank Injects $29 Billion Via Reverse Repos
On the day, a batch of 150 billion yuan worth of reverse repos is set to mature, leaving the People’s Bank of China to inject 50 billion on a net basis via the liquidity tool.…
China determined to keep ‘normal’ monetary policy: cenbank official
China will maintain a “normal” monetary policy, a senior central bank official said on Tuesday, as Beijing holds off on more easing as its post-COVID economic recovery gathered pace. ( read original story …)
China’s Xi Warns ‘Period of Turbulent Change’ as External Risks Rise
Chinese President Xi Jinping warned that the world’s second-biggest economy is facing a period of ‘turbulent change’ and that rising external markets risk required policymakers to increasingly rely on … ( read original story …)
Opportunities in the Greater China Managed Security Services Market to 2023: Hybrid MSS Capabilities Becoming More Important
DUBLIN, Aug. 25, 2020 /PRNewswire/ — The “Greater China Managed Security Services Market, Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering. Cybersecurity compliance … ( read original story …)
US-China relationship at ‘quite dangerous’ point, former World Bank president Robert Zoellick warns
US hostility almost seems sharper because there’s a sense of rejection. It’s always useful to recognise China as it is rather than how we might want it to be.’ … ( read original story …)
Bitcoin Daily: Huawei Creates Blockchain System For Beijing; CryptoTrader.Tax Suffers Hack
Huawei has created a technology based on the blockchain to help the Beijing government more effectively monitor and supervise the data of individuals. ( read original story …)
U.S. and China hold phone call on phase one trade agreement
The trade negotiators’ discussion came after a planned six-month review of the deal set for Aug. 15 was delayed to an unspecified date. ( read original story …)
JPMorgan to Pay 51% Premium to Own 100% Stake in China JV
JPMorgan (JPM) has to pay $1 billion, which represents a premium of 51% if it takes full control of its China mutual fund joint venture. ( read original story …)
