The People’s Bank of China (PBOC) — the Chinese central bank — is using the portfolio route to pick up stakes in Indian companies amid the standoff between New Delhi and Beijing in Ladakh and…
FINANCE
How finance firms are caught in the crossfire between Washington and Beijing
Bizarre though it may seem for share buying to be used as a political protest, it is somehow appropriate in Hong Kong. Beijing’s critics argue that curbs on political … ( read original story …)
China’s Lufax Ties Up With Thai Bank for Local Online Wealth Management
BEIJING — Lufax, one of China’s largest online wealth management platforms backed by Ping An Insurance Group, said its unit has formed an alliance with Kasikornbank to set up an online wealth … ( read…
China Announces Anti-Dumping Probe on Australian Wine
(Bloomberg) — China started an anti-dumping investigation into Australian wine, the Ministry of Commerce said in a statement Tuesday.The probe would normally finish within a year, but can extend to … ( read original story…
BHP profit hit by pandemic, warns growth cooling outside China
While a sharp economic recovery in China helped BHP report a 4% rise in annual iron ore output last month and fuelled optimism over future growth, uncertainty over demand growth elsewhere continues to … (…
China’s JD.com posts upbeat results as online orders surge
China, which has under a thousand active COVID-19 cases currently, has largely emerged out of lockdowns but demand is still picking up in many sectors. The company’s net product revenue, which … ( read original…
China Biologic Reports Financial Results for the Second Quarter of 2020
PRNewswire/ — China Biologic Products Holdings, Inc. (NASDAQ: CBPO, ‘China Biologic’ or the ‘Company’), a leading fully … ( read original story …)
China, the World Bank, and African Debt: A War of Words
Will the rising hostility between the United States and China make a comprehensive approach to debt relief more difficult in Africa? ( read original story …)
86% of companies say U.S.-China tensions are impacting business: Survey
China Business Council President Craig Allen joins Yahoo Finance’s Akiko Fujita to break down the latest on the U.S.-China trade front, as Reuters reports the Phase 1 trade deal review is now delayed. ( read…
China Decoupling May Be Unstoppable, Even Under Biden
Will Washington pull the plug on China’s dollar flows? It would be ruinous for bond holders from New York to Singapore. ( read original story …)
Chinese stocks surge to a 2-year high after China’s central bank announces $101 billion of fresh stimulus
The People’s Bank of China added 700 billion yuan ($101 billion) of one-year funding through a medium-term lending facility on Monday. ( read original story …)
The decoupling of the US and China has only just begun
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 … (…
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 …)
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