(Bloomberg) — Tencent Holdings Ltd., Ant Financial, Industrial & Commercial Bank of China Ltd. and Xiaomi Corp. are among companies to win licenses to create virtual lenders in Hong Kong, bringing … ( read original…
FINANCE
China’s Robocars Are Being Lapped By Their U.S. Competitors
(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it’s going next. The autonomous Lincoln MKZ started turning left at a Beijing intersection when a ……
China’s Yuan Tumbles to Lowest Since January on Trade War Fear
China will not allow the currency to keep sliding, as that will pressure stocks further and trigger risks in the broader financial system, Gao said. The authorities could boost the yuan’s funding … ( read…
As tariff hike looms, China asks U.S. to meet it halfway, denies backtracking
BEIJING (Reuters) – China appealed to the United States to meet it halfway to salvage a deal that could end their trade war, with its chief negotiator in Washington for two days of talks hoping…
Chinese bank employee convicted of ‘leaking state secrets’ after sharing policy draft on WeChat
China has convicted a local bank employee of “leaking state secrets” after she shared a draft of a top secret financial policy document with people outside the government, according to a recently … ( read…
SWIFT to intensify localization efforts in China
A bank staff member counts 100-yuan banknotes at the Beijing Branch of the Bank of Communication in Beijing, capital of China. [Photo/Xinhua] The Society for Worldwide Interbank Financial … ( read original story …)
China holds appeal hearing for Canadian sentenced to death
That came after Canada arrested Meng Wanzhou, chief financial officer of Chinese telecom giant Huawei, on a U.S. extradition warrant in December. Days later, two Canadians — Michael Kovrig and Michael … ( read original…
UPDATE 2-China banks temper April lending as debt worries rise, but all eyes on U.S. trade threat
But expectations that it may be moving to a more cautious approach shifted wildly this week after a sudden blowup in U.S.-China ties. Chinese banks extended 1.02 trillion yuan ($150.16 billion) in net … (…
China bank lending slows more than expected in April, raising concerns about economic outlook
China’s new bank lending slowed more than expected in April, triggering new concerns over the country’s economic outlook and prompting fresh calls for further monetary easing against the backdrop of … ( read original story…
China banks temper April lending as debt worries rise, but all eyes on trade threat
Expectations that it is moving to a more cautious approach have shifted wildly this week after a sudden blowup in the U.S.-China relations. Chinese banks extended 1.02 trillion yuan ($150.16 billion) … ( read original…
China vows retaliation if Trump raises tariffs
“China deeply regrets that if the U.S. tariff measures are … If talks break down and tariff hikes go ahead, “risks of a financial market collapse, extreme risk aversion and sharp slowdown in global ……
China says it will retaliate if Trump boosts tariffs
BEIJING — China said Thursday it will retaliate if U.S. President … but gave no details of possible penalties. Trump threw global financial markets into turmoil with his surprise threat Sunday to … ( read…
China says it will retaliate if Trump raises tariffs
BEIJING — China said Thursday it will retaliate if President Donald … but gave no details of possible penalties. Trump threw global financial markets into turmoil with his surprise threat Sunday to … ( read…
