China is “rebalancing” its overseas lending practices in the face of mounting concerns over the debt burdens of developing countries, the head of the Asian Infrastructure Investment Bank told the Fina… ( read original story…
FINANCE
U.S. charges China’s Huawei with bank fraud
The United States on Monday charged China’s Huawei Technologies Co Ltd, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran in a case that has esc… (…
China’s Crackdown on Pollution Is a Boon to the World’s Shipbuilders
(Bloomberg) — Sign up for our new China newsletter, a weekly dispatch coming soon on where China stands now and where it’s going next. The world’s biggest shipbuilder sees China’s cleanup of its smog… (…
China wants to boost loans to small businesses. Tech companies may be the answer
As China lacks a standardized credit system, roughly 80 percent of the nearly 90 million small and micro-sized enterprises don’t have a credit with a bank, according to Tencent-backed WeBank. That’s w… ( read original…
Being Bullish on China Bank Stocks Is a Losing Game
Making bullish calls on Chinese banking stocks must be a depressing endeavor. They’re falling behind again. On a market-cap weighted basis, the nation’s lenders rose only 6 percent this year, compared … ( read original…
U.S. charges China’s Huawei with bank fraud, stealing trade secrets
WASHINGTON (Reuters) – The United States on Monday charged China’s Huawei Technologies Co Ltd, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran … ( read original…
Citi sees stronger China wealthy client base in 2019 despite economy slowing
which provides debt and equity underwriting and financial advisory services. Late last year, Citi agreed to sell its minority stake in its China brokerage joint venture to its Chinese partner, Orient, … ( read original…
Trump’s Freeze on China Exposes Israeli Tech Firms to Chill Wind
(Bloomberg) — Igal Rotem’s fastest-growing market is China, while most of the investors in his online banking service are American. That puts the Israeli executive at the crux of a geopolitical power … ( read…
NVIDIA Is the Latest Company to Plummet on Slowing Growth in China
NVIDIA shocked investors this week when it revised its financial guidance, saying that “deteriorating macroeconomic conditions, particularly in China,” wreaked havoc on its original forecast. ( read original story …)
China names banking veteran to head securities regulator amid shaky markets
SHANGHAI/HONG KONG (Reuters) – China has appointed banking veteran Yi Huiman to head the China Securities Regulatory Commission (CSRC), putting governance of the nation’s stock markets in his hands at … ( read original story…
China Names ICBC Banking Veteran to Head Securities Regulator
SHANGHAI (Reuters) – China has appointed banking veteran Yi Huiman to head … He’s “pragmatic and knows how to run giant ICBC,” said a Beijing-based ICBC banker who works under Yi and is familiar ……
South China Sea: Fishing on the front line of Beijing’s ambitions
But the Paracels also lie inside China’s self-declared maritime boundary — the “nine-dash line”— the swath of the sea within which Beijing claims exclusive … and fishermen interviewed by the Financi… ( read original story…
China’s slowing economy will make it harder for its companies to pay debts, ratings agencies say
Even as Beijing pushes out new measures to stimulate its economy, China’s growth slowdown will make it harder for the country’s companies to pay their debts this year, ratings agencies say. The Chines… ( read…
