[Photo/China News Service] BEIJING – The People’s Bank of China (PBOC), the central bank, said Monday that it will resolutely push forward the opening-up of the country’s financial industry in a sound … ( read…
FINANCE
China Market Update: Mainland Moves Higher On Positive Caixin PMI Manufacturing Release, HSBC Weighs On Hong Kong
Growth stocks in Hong Kong were led by volume leaders Tencent, which gained +0.94%, Meituan Dianping +4.53%, Semiconducor Manufacturing +4.86%, and Alibaba HK -0.16%. ( read original story …)
TikTok parent to shift HQ from Beijing to London: Report
Chinese unicorn ByteDance which owns the popular short video-sharing app TikTok has received approval from the British government to move its headquarters from Beijing to London, The Sun newspaper … ( read original story …)
China faces financial RUIN: Fresh COVID-19 outbreaks and severe flooding hit Beijing hard
CHINA could face serious economic consequences as fresh cases of the coronavirus and severe flooding are likely to delay the country’s economic recovery, analysts have claimed. ( read original story …)
MGM China Reports 2020 First Half Results
Hubert Wang, President & Chief Operating Officer of MGM China said: “We are encouraged to see the lifting of quarantine measures for visitors from Macau into Guangdong Province, as an important first … ( read…
Why the head of a top China-based venture capital firm says TikTok is a massive litmus test for the globalization of Chinese technology
Ben Harburg, managing partner of China-based venture capital firm MSA Capital, discusses the TikTok situation and the broader implications for business and relations between the U.S. and China. ( read original story …)
HSBC results: Bank posts sharp fall in profits and warns of US-China tensions
HSBC posted a 65% drop in profits in its first half 2020 results Monday as the bank continues to be weighed down by the effects of the coronavirus crisis and falling interest rates around the…
US dollar vs yuan: why China’s threat against HSBC rings hollow – for now
China’s stalling efforts to internationalise the renminbi means it needs HSBC to provide international access. So, are those HK$35 shares a bargain? Not so fast … ( read original story …)
China Life sweeps seven accolades at Institutional Investors’ 2020 All-Asia Executive Team rankings
China Life Insurance Company Limited (“China Life” or the “Company”) (SSE: 601628; SEHK: 2628; NYSE: LFC) is pleased to announce that the Company has won seven awards from Institutional Investor’s … ( read original story…
China Weighs Bond Issue to Help Pay Clean Energy Subsidies
Chinese officials are considering a proposal to sell bonds to pay renewable energy subsidies owed to developers, according to people familiar with the matter.Officials have reached out to renewable … ( read original story …)
TikTok owners will relocate to London from Beijing, Sun newspaper says
TikTok owner ByteDance will move its headquarters to London from Beijing under a deal approved by British ministers, The Sun newspaper reported. ByteDance’s founders are to announce their intention to … ( read original story…
Beijing’s actions risk Hong Kong’s future as global financial center
The new security law Beijing imposed on Hong Kong and the ongoing political turmoil cast a dark shadow on the financial hub’s competitiveness and attractiveness to international business. ( read original story …)
In Showdown Between China and the West, HSBC Gets Caught in the Middle
Global businesses are increasingly being asked to pick political and legal sides in the confrontation between the world’s two biggest economies. ( read original story …)
