Eateries across the state, like China King, are suffering under necessary distancing guidelines and barely staving off financial ruin during COVID-19. In response, restaurateurs have implemented … ( read original story …)
FINANCE
China’s Latest Trade Data Didn’t Look Horrible. Here’s What Analysts Expect Going Forward
Of course, not everyone thinks China’s central bank will leap to action so fast. “While we expect more policy support in the coming months, we think it will remain limited given concerns about adding ……
The Top 10 Companies Behind The 2020 Midas List: Uber, Ant Financial And The Breakouts That Helped Investors Make The Cut
From Ant Financial to Xiaomi, and Spotify to Uber, these 10 companies put the most investors on the 2020 Midas List of the world’s top tech investors. ( read original story …)
China considers merging two big brokers – Bloomberg
Citic Securities (OTCPK:CIIHF) and CSC Financial, along with their government shareholders, are starting a feasibility study on how to structure a deal so they can better compete with global investmen … ( read original story…
China’s Big Oil Urged to Copy Mexican Hedge Amid Price Crash
A researcher at China’s biggest oil company said the country’s drillers should copy the hedging strategies of Mexico and shale firms in the U.S., which use financial derivatives to protect against … ( read original…
China’s Stocks Short-Selling at a Record High
The value of shares used for shortselling was around 20 billion yuan ($2.83 billion) on Monday, just a touch below the record 20.3 billion yuan set on April 9, according to the latest data from…
Coronavirus ‘new reality’ bites deep into Beijing eatery chain
The worst of the COVID-19 outbreak in China may be over, but one Beijing-based restaurant chain is struggling with a “new reality” — fewer customers, reduced seating capacity, shorter hours, pay cuts … ( read…
China defends the WHO after Trump — and others — say it is deferring to Beijing
The World Health Organization has come under intense scrutiny for its handling of the coronavirus pandemic with President Donald Trump’s administration, China and Taiwan locked in a tussle of words. ( read original story …)
Beijing-Backed AIIB Approves Emergency Loan to China to Help With Coronavirus Response
Beijing and Chongqing have “particularly acute” financial needs in addressing health challenges as a result of their large populations, the statement said. Wealth of Knowledge is a weekly podcast … ( read original story …)
Danke Obtains WELL Silver Certification for Co-living Project in Beijing
Phoenix Tree Holdings Limited (“Danke” or the “Company”) (NYSE: DNK), one of the largest co-living platforms in China with the fastest growth, announced its Model Room Center in Beijing has received t … ( read…
EU Finance Deal Fails; U.K. Premier Remains in ICU: Virus Update
European Union finance ministers failed to agree on a recovery plan for the bloc after 16 hours of talks, driving the euro and Italian bonds lower. U.K. Prime Minister Boris Johnson’s condition … ( read…
A Month After Peak Coronavirus In China, Beijing Needs More Stimulus
Now that the coronavirus has infected China’s main trading partners, Beijing needs to save its economy after a nearly 3 month lockdown. ( read original story …)
Beijing finance firm helps 48 catering, cultural tourism SMEs resume work
Since the start of work resumption after the Spring Festival holiday, a state-owned financing guarantee company in Beijing has helped 48 small- and medium-sized enterprises (SMEs) in the cultural … ( read original story …)
