China will set the LPR on the 20th day of every month. The change is part of China’s push to connect its interest-rates system to conditions in financial markets. The aim is to help lower…
FINANCE
Hong Kong pro-democracy leaders meet with U.S. financial firms “to tell the truth” amid prolonged protests
Hong Kong is an international financial center that a lot of countries have a stake … but businesses have increasingly grown concerned that that special status may be stripped if Beijing moves to … (…
HSBC Gets the Cold Shoulder in China
China’s ambassador to the U.K., summoned Flint to the embassy earlier this year to interrogate him over the bank’s role in the arrest and prosecution of Meng Wanzhou, the chief financial officer of … (…
Beijing’s Green Belt & Road Forum Draws Global Lenders
BEIJING, Aug. 18, 2019 /CNW/ — Today … which will have profound impact on climate and the environment,” said Dr. Ma Jun, Chairman of China Green Finance Committee. “The goal of the GIP is to…
Should You Be Adding Beijing Tong Ren Tang Chinese Medicine (HKG:3613) To Your Watchlist Today?
Beijing Tong Ren Tang Chinese Medicine maintained … and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. ( read original story …)
HSBC: Chinese headwinds threaten to blow bank off course
Mark Tucker, group chairman of HSBC, has made expansion in China a central plank of the bank’s strategy Beijing’s irritation over HSBC’s role in the diplomatic row engulfing Huawei is but one … ( read…
China’s Central Bank Bids to Join the Grown-Ups
Setting a regular date and time for a new rate brings Beijing closer to peers such as the Federal Reserve and European Central Bank. Daniel Moss is a Bloomberg Opinion columnist covering Asian … (…
China’s new loan prime rate to be linked to MLF rate: central bank adviser
BEIJING (Reuters) – China’s new loan prime rate (LPR) will be linked to the central bank’s medium-term lending facility (MLF) rate, People’s Bank of China policy adviser Ma Jun was quoted by state … (…
China’s proposed digital currency will help banks bridge gap on mobile payment, curb dominance of Alipay, WeChat
China’s central bank is close to launching is own sovereign digital currency allowing it to tighten its grip on the nation’s deposit pool. Photo: Reuters The People’s Bank of China’s “imminent” move … ( read…
Hong Kong protesters rally in defiance of Beijing
with thousands marching despite increasingly threatening rhetoric from Beijing and the massing of Chinese paramilitary police across the border. After 10 weeks of demonstrations that have sparked the … ( read original story …)
China sets new market-oriented benchmark lending rate
The LPR will be published on the 20th of each month, starting on Tuesday. Interest rate liberalisation in China has been a painfully slow aspect of financial sector reform. China’s banking system was … (…
Commentary: Why this US-China trade war is harder to resolve
NEW YORK: It’s only a matter of time until the escalating tensions between China and the United States prompt many more economists to warn of an impending global economic recession coupled with … ( read…
Is Beijing Urban Construction Design & Development Group (HKG:1599) Using Too Much Debt?
Beijing Urban Construction Design & Development … and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. ( read original story …)
