China’s central bank said on Thursday it would make its prudent monetary policy more flexible and targeted, and keep liquidity appropriately ample to support economic recovery. ( read original story …)
FINANCE
China’s bank regulator moves to rein in small lenders as Beijing fears financial risks
Many Chinese companies have taken a big hit from the coronavirus pandemic. And as they struggle to repay debts, pressure is mounting on the country’s small lenders. ( read original story …)
China and Russia ditch dollar in move toward ‘financial alliance’
MOSCOW — Russia and China are partnering to reduce their dependence on the dollar — a development some experts say could lead to a “financial alliance” between them. In the first quarter of 2020 ……
China’s ‘very lopsided’ stimulus measures have ‘real downside risk’, analyst says
Recent Chinese data shows relatively high volumes of online sales and infrastructure building for instance, but order flows are raising “some suspicion” of “lots of stockpiling,” says Andrew Collier … ( read original story …)
FACTBOX-Bank runs among China’s small lenders on the rise
Reports of bank runs among China’s small lenders have increased this year, fuelled by persistent online speculation over funding crunches and poor corporate governance in an economy weakened by … ( read original story …)
China’s Lopsided Recovery Is Chugging Along. These Sectors Are Expected to See Robust Growth.
It may not be the growth Beijing wanted, but other parts of the world are still struggling. Real estate and autos are among the sectors that should have a strong second half in China. (…
Beijing to provide a 20 million yuan subsidy for 232 theaters to survive COVID-19
The Beijing Film Bureau, together with the Beijing Municipal Finance Bureau, will help 232 cinemas with a maximum subsidy of nearly 500,000 yuan after the preliminary evaluation. He Jinhao, a … ( read original story…
China c.bank adviser says no need to step up monetary easing -media
The People’s Bank of China does not need to step up its policy easing as an economic recovery is well under way and further stimulus could stoke property and stock bubbles, central bank policy adviser…
SMIC founder says ‘optimistic’ China can catch up with U.S. in semiconductors
The founder of China’s largest chipmaker SMIC said on Tuesday he was “optimistic” China could catch up with the United States in the next generation of semiconductors but that U.S. efforts to contain … (…
China shares extend gains as investors hold out for recovery
China stocks on Wednesday ended higher for the fourth straight session, as investors clung to hopes of a post-pandemic recovery in the world’s second-largest economy while the heavyweight services … ( read original story …)
China stocks rise as economic rebound hopes stay intact
China stocks rose marginally on Wednesday as investor confidence in the country’s economic upswing stayed intact, though a drop in financials tamed the broader market’s strength. ** At the midday … ( read original story…
OneConnect Announces Second Quarter and First Half 2020 Unaudited Financial Results
OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial insti … ( read original story …)
U.S., China Plan to Review Phase-One Trade Deal Mid-Month
The planned talks were reported earlier Tuesday by the Wall Street Journal. Load Error China Is Buying American But Not Enough to Hit Trade Deal Target White House press secretary Kayleigh McEnany, … ( read…
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