President Donald Trump believes Hong Kong will lose its status as Asia’s financial hub if the Chinese government proceeds with a new law to curb protests in the territory, the White House press … (…
FINANCE
Hong Kong ‘hard to see’ as finance hub if China takes over: W.House
President Donald Trump is “displeased” with China’s proposed crackdown in Hong Kong and has doubts over the territory’s future as a global financial center if it goes ahead, the White House said … ( read…
China’s central bank to increase counter-cyclical adjustments, help lower lending rates
China’s central bank said Tuesday that it will increase counter-cyclical adjustments, further deepen the reform of the loan prime rates and push for lower real lending rates. Yi Gang, governor of the … ( read…
Wins Finance Holdings Inc. Receives Delisting Determination Letter from Nasdaq
Wins Finance Holdings Inc. (“Wins Finance” or the “Company”) (NASDAQ: WINS), a diversified investment and asset management company that provides integrated financing solutions to small and medium … ( read original story …)
Hong Kong Finance Has a Security Blanket
China’s decision to impose a national security law on Hong Kong has spurred speculation of capital flight and an erosion of the city’s status as an international financial center. As a venue for share … (…
China’s digital currency not set for launch as trials are ‘just routine’, central bank governor cools speculation
People’s Bank of China governor Yi Gang says ‘there’s no timetable for an official launch’ of the world’s first sovereign digital currency despite upcoming trials. ( read original story …)
China conducts fifth central bank bills swap in 2020
The People’s Bank of China, the central bank, conducted the fifth central bank bills swap (CBS) operation in 2020 Tuesday to improve the liquidity of perpetual bonds issued by commercial banks. The … ( read…
U.S. Nationalism Pits the Financial World Against China
Globalization means increased movement of people, physical goods and of financial capital across borders. All of it is under increasing stress. The free movement of people is being curtailed by … ( read original story…
China Yuchai International Announces Unaudited First Quarter 2020 Financial Results
PRNewswire/ — China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”), a leading automotive manufacturer and distributor of engines for on- and off-road applications in China … ( read original story …)
China and the U.S. need to talk on equal terms, says expert
Victor Gao, vice-president of Beijing-based think tank Center for China & Globalization, says U.S. pressure on the country is counterproductive, and the two sides need to instead talk on equal terms … ( read original…
China Telecom Voted as “No.1 Best Telecommunications Company in Asia” by FinanceAsia
China Telecom Corporation Limited (“China Telecom” or “the Company”; HKEx: 00728; NYSE: CHA) was voted by portfolio managers and analysts around the globe as “No.1 Best Telecommunications Company in … ( read original story …)
China’s central bank injects 10b yuan into market Tuesday
China’s central bank pumped cash into the banking system via reverse repos to maintain liquidity on Tuesday. The People’s Bank of China injected 10 billion yuan ($1.40 billion) into the market through … ( read…
China shares end higher as c.bank governor boosts support hopes
China shares ended higher on Tuesday as investors cheered a pledge by the central bank to strengthen policies aimed at reviving an economy paralysed by the coronavirus pandemic. S hanghai stocks add 1 … (…
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