After 40 years of ever deeper economic integration between the US and China, it is hard to imagine a real severance of ties. Many executives believe that politicians in Washington and Beijing will … (…
FINANCE
Future FinTech Plans to Enter the Challenger Bank and Digital Payment Sector
Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech”, “FTFT” or “the Company”), a leading blockchain e-commerce and financial technology company, today announced it plans to enter the challenger … ( read original story …)
China to facilitate holding of RMB as foreign central bank reserve currency
China will further facilitate cross-border use of the renminbi by promoting pilot programs to boost trade and investment, making it possible for more foreign central banks and monetary authorities to … ( read original story…
The US-China standoff is turning Hong Kong into a more valuable—and more Chinese—financial hub
Amid the political upheaval, the share price of Hong Kong Exchanges & Clearings (HKEx) has soared, and the company has reclaimed its crown as the most valuable exchange operator in the world by market ……
Hong Kong commerce secretary says will discuss ‘made in China’ labelling with U.S.: CNBC
Goods made in Hong Kong for export to the United States will need to be labelled as made in China after Sept. 25, according to a U.S. government notice posted last week. When asked about…
Volvo Owner’s China Business Posts 43% Profit Drop on Virus
Geely Automobile Holdings Ltd., the Chinese automaker controlled by Volvo Cars owner Li Shufu, reported a 43% drop in first-half profit after the coronavirus outbreak shuttered factories and decimated … ( read original story …)
China Stocks Rally Near Two-Year High on PBOC’s Easing Signal
China’s move to pump cash into its banking system has fueled bets monetary policy will remain loose, driving the benchmark gauge near its highest level in more than two years. ( read original story …)
China shares gain on reform hopes, PBOC boost; securities stocks shine
Securities firms soar on ChiNext listing expectations. PBOC issues 700 bln yuan in medium-term loans. SHANGHAI, Aug 17 (Reuters) – Chinese sha … ( read original story …)
Chinese shares rise as central bank injects cash
China’s CSI 300 index of Shanghai- and Shenzhen-listed stocks gained 1.4 per cent in early trading on Monday after the central bank injected Rmb700bn ($101bn) of liquidity into the financial system … ( read original…
China’s Bank Regulator Warns Dollar Dominance Is Seed of Crisis
China’s top banking watchdog cautioned that U.S. dollar dominance combined with the massive stimulus unleashed by the Federal Reserve could push the world to the edge of another financial crisis. ( read original story …)
China central bank injects 700 billion yuan of MLF loans, rates steady for fourth month
China’s central bank on Monday rolled over maturing medium-term loans while keeping borrowing costs unchanged for the fourth straight month. ( read original story …)
China Adds Cash Into Banking System to Ease Liquidity Stress
China’s central bank injected liquidity into the financial system, seeking to support banks amid intensifying liquidity stress and keep a fragile economic recovery on track.The People’s Bank of China … ( read original story …)
China First Out, Slump-Recovery Ballot, Resilience Test: Eco Day
Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the week:China’s economy, the first to succumb to the coronavirus, is proving to be the fastest … (…
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