The World Bank compiled data on remittances sent by migrants in foreign … The report shows $19 billion in largely untaxed remittances were sent to China in 2019 and $38 billion to Mexico. People in…
FINANCE
US urges Beijing to release outspoken Chinese law professor Xu Zhangrun
The US State Department has demanded that China release a law professor who was taken from his home in Beijing by police on Monday after he publicly criticised Chinese leader Xi Jinping.It was the ……
China Banks’ Latest Bailout: Where’s the Equity?
Beijing knows that small lenders are getting crushed. The latest move to prop them up seems as makeshift as the rest. ( read original story …)
China’s grip on Hong Kong eroding its status as financial hub, investors believe
As China industrialised, its similarly minimalist approach to corporate taxation, coupled with the use of English common law to govern contracts, helped turn it into the world’s sixth-biggest … ( read original story …)
Beijing 2022 add four official suppliers to portfolio of sponsors
Beijing 2022 has added a further four official suppliers to … official sponsors and official exclusive suppliers, respectively. The Bank of China, Air China, Yili Group, ANTA, China Unicom and State … ( read original…
Big Tech’s China Face-Off Risks Sparking Exodus From Hong Kong
(Bloomberg) — Facebook Inc., Google and Twitter Inc. — all of which are blocked in the mainland — are now headed toward a showdown with China that could end up making Hong Kong feel more…
China’s central bank skips reverse repos for 8th straight trading day
BEIJING, July 8 (Xinhua) — The People’s Bank of China (PBOC), the country’s central bank, skipped open market operations via reverse repos for the eighth consecutive trading day on Wednesday. The … ( read original…
Former ICICI Bank chairman’s case for 6% interest
Kamath, who just completed his term at the New Development Bank (BRICs Bank) in Beijing, said in an interview to a TV channel that it was in the interest of banks to lower the lending…
China Rally Will Struggle to Drag Global Stocks Along for Ride
Investors betting the recent surge in Chinese shares could help give the global equity rally a leg up shouldn’t pin all their hopes on the Middle Kingdom.China’s stocks have less than half the … (…
China rolls out strict curbs on large withdrawals after bank runs
China is imposing checks on large banking withdrawals following fears of bank runs and rising bad debts among the lenders. As per media reports, limits on businesses and individuals withdrawing large … ( read original…
Beijing rolls out measures to ensure jobs for 2020 graduates
Beijing rolled out measures recently in an effort to ensure its graduates’ employment target rate is at least 95 percent by the end of the year. Jointly released by the Beijing Municipal Human … (…
L&T Infra Finance gets $100 million loan from AIIB
The loan will be used to on-lend to large and mid-scale wind and solar power infrastructure projects in India. .The company’s collaboration with AIIB will also enable it to tap the international marke … (…
The Finance 202: PPP data dump to fuel debate as lawmakers craft next coronavirus stimulus
As lawmakers move to craft another economic rescue bill, the long-awaited data dump about the Paycheck Protection Program is sure to spark a furious debate in Washington about whether the $521 billion … ( read…
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