China relations is hurting investment flows between the two countries, the president of an influential U.S.-China business group said at an online forum organized by Forbes China on Wednesday. ( read original story …)
FINANCE
UPDATE 1-China’s BoCom bank Jan-June profit drops 14.6%, first H1 profit fall since listing
Bank of Communications Co Ltd, China’s sixth-largest bank by assets, reported on Friday a 14.6% decline in first-half profit as sour debt rose amid the coronavirus pandemic. It was the first time the … (…
China’s BoCom bank Jan-June profit drops 14.6%, first H1 profit fall since listing
Bank of Communications Co Ltd, China’s sixth-largest bank by assets, reported on Friday a 14.6% decline in first-half profit as sour debt rose amid the coronavirus pandemic. It was the first time the … (…
Beijing Hyundai Auto Finance fined for violating credit data management laws
By Lee Kyung-min Beijing Hyundai Auto Finance, Hyundai Capital’s corporate body in China, was fined for violating credit data management laws there amid declining profits in China … ( read original story …)
The One Economic Factor Beijing Can’t Control
The world’s largest dam is under pressure in the massive flooding that’s wiping away billions of dollars of value in China. The predicament symbolizes a looming crisis for Beijing. Climate change is b … ( read original story …)
New Fed Approach, China Economy Accelerates, Slow India: Eco Day
Welcome to Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help take you through to the weekend.Fed Chair Jerome Powell unveiled a new approach to setting monetary policy … ( read…
Hong Kong media firm Next Digital executives say HSBC has frozen their bank, credit card accounts
Next Digital CEO Cheung Kim-hung says he is unable to withdraw money, while chairman’s aide Mark Simon says his personal and credit card accounts have been frozen. ( read original story …)
Beijing’s Asian bank violating human rights, harming the environment
NGOs accuse the AIIB of not respecting its social and environmental pledges. In India and Bangladesh, entire communities have been forcibly relocated to build new infrastructures. The European Union c … ( read original story…
Beijing offer means US could audit New York-listed Chinese firms
China has proposed allowing US regulators to audit state-owned companies in efforts to resolve longstanding accounting concerns, but would reserve the right to redact materials over national security … ( read original story …)
360 Finance’s Affiliate Has Received Regulatory Approval for its Acquisition of 30% Stake in Kincheng Bank of Tianjin
(GLOBE NEWSWIRE) — 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a data driven, technology empowered digital platform, today announced that 360 Group, one of its affiliates, has … ( read original story…
360 Finance: The Best Is Yet To Come
Source: Capital Watch 360 Finance, Inc. (QFIN) has just announced its Q2 results. The financial performance delivered by the company in Q2 is one the best since its IPO. The operating efficiency and … (…
Beijing to let US audit Chinese firms listed in New York
China has proposed allowing US regulators to audit state-owned companies in efforts to resolve longstanding accounting concerns, but would reserve the right to redact materials over national security … ( read original story …)
Chinese Phone Maker Xiaomi Taps New Finance Chief
The Beijing-based company hired Alain Lam, an investment banker, as it looks to grow its profit margins. ( read original story …)
