White House trade adviser Peter Navarro said on Monday the trade deal with China is “over,” and he linked the breakdown in part to Washington’s anger over Beijing’s not sounding the alarm earlier … (…
FINANCE
China Admonished by Europe Over Hong Kong, Virus, Economy
The European Union and China sparred over geopolitics and economics on Monday when the heads of the bloc’s main institutions held video conferences with the Chinese premier and president.EU criticism … ( read original story…
Bank of China Weighs Ending Wirecard’s Credit Line
Bank of China Ltd. is discussing ending a credit facility to Germany’s Wirecard AG, a move that would complicate the beleaguered company’s fight for survival after it was engulfed by a … ( read original…
Ministry, bank sign MoU to stabilize foreign trade
BEIJING, June 22 (Xinhua) — China’s Ministry of Commerce (MOC) has inked a memorandum of understanding (MoU) with China Construction Bank (CCB) to jointly take measures to help firms overcome … ( read original story…
Coronavirus only a blip for China’s belt and road plan, says former central bank chief
Zhou Xiaochuan, a former governor of China’s central bank, says recent setbacks for the Belt and Road Initiative due to the coronavirus will be short-lived. ( read original story …)
China’s largest investment bank CICC says sorry after disciplinary action by Hong Kong regulator on breaching city’s takeover code
China International Capital Corp has been criticised by Hong Kong’s securities watchdog for breaching the city’s takeover code.The investment banking group, ranked fourth last year in Asia outside … ( read original story …)
China Steps Up Loan Relief, Delays Risk Exposure to Help Economy
Chinese banks have offered relief on 3.9 trillion yuan ($551 billion) of loans since the outbreak of the coronavirus pandemic to help struggling small businesses and bolster an economy facing its … ( read original…
German Outbreaks Grow; Beijing Cases Decline: Virus Update
Germany’s infection rate rose for a third day, lifted by local outbreaks including at a slaughterhouse. Brazil’s death toll from the coronavirus surpassed 50,000, while cases across the U.S. Sun Belt … ( read original…
China’s central bank injects 120bil yuan into market
BEIJING (Xinhua): China’s central bank on Monday (June 22) pumped cash into the banking system via reverse repos to maintain liquidity. The People’s Bank of China injected a total of 120 billion yuan … (…
China regulator confident of HK’s future as global financial hub
China is confident of Hong Kong’s future as an international financial center, and will support its growth, a senior Chinese regulator said on Monday, amid uncertainties cast by China’s proposed new … ( read original…
China Leaves Benchmark Lending Rates Unchanged
Last week, the People’s Bank of China injected CNY 200 billion funds into the financial system via medium-term lending facility at a rate of 2.95 percent, unchanged from the previous operation. ( read original story…
China Investor Buys Dirt Cheap Bank Stocks Nobody Else Wants
But for one Shanghai-based fund manager, the value case for Chinese bank shares is now so compelling that the stocks comprise one of the biggest parts of his portfolio. Zhou Liang, founder and fund ……
China leaves benchmark lending rate unchanged for second straight month
China left its benchmark lending rate unchanged for the second straight month at its June fixing on Monday, matching market expectations, after the central bank kept borrowing costs on medium-term … ( read original story…
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