Pan Gongsheng, deputy governor of the People’s Bank of China (PBoC), clarified the institution’s stance at a forum in Beijing on Saturday (Dec. 8). He said that virtual forms of money had become an ac……
FINANCE
Trump’s trade war with China is causing CEOs to make one risky change
Fearing a prolonged trade battle with China — and a barrage of negative headlines and unknown retaliatory tariffs — numerous CEOs Yahoo Finance have talked with lately are moving quickly to get produc… ( read…
The Finance 202: China sends warning to U.S. businesses with iPhone ban
A Chinese court’s decision to ban the sale of older iPhones raises a nightmarish specter for American companies doing business in the country: They could find themselves exposed in the crossfire as tr… ( read…
China, US discuss plans for trade talks
BEIJING — China’s economy czar and U.S. trade envoys discussed plans … negotiate over American complaints about Beijing’s technology policy. The Huawei chief financial officer, Meng Wanzhou, was arr… ( read original story …)
China’s central bank skips reverse repo for 33 trading days
BEIJING – The People’s Bank of China, the central bank, on Tuesday skipped reverse repo for the 33th trading day, the longest stretch since early 2016, citing sufficient liquidity in the banking syste… ( read…
Central bank deputy governor: STO business ‘essentially an illegal financial activity in China’
Pan Gongsheng, a deputy governor of the People’s Bank of China, the country’s central bank, told an internet finance forum in Beijing that “illegal” financing activities through STOs and ICOs were sti… ( read original…
Why China’s sales ban of Apple iPhones isn’t as bad as it sounds
But the ban isn’t as bad as it sounds. Apple was informed of the injunctions granted by Fuzhou Intermediate People’s Court in China last week, Yahoo Finance learned. And since then Apple sales in Chin……
China’s Central Bank Demonizes Cryptos and STOs at Recent Summit in Beijing
China has banned all Security Token Offerings and all activities linked to them. The government wants to regulate the new tokens before legalizing them to eliminate cases of fraud. The emerging crypto… ( read original…
China Says Canada Violated Bilateral Agreement in Huawei Arrest
(Bloomberg) — China accused Canada of violating a bilateral agreement by failing to speedily inform its consulate of the arrest of Huawei Technologies Co. Chief Financial Officer Meng Wanzhou, as ten… ( read original story…
China to Announce Resumption in U.S. Soy Purchases Soon
or will follow a cut in tariffs, they said. China’s commerce ministry and the finance ministry have not replied to faxes seeking comments. ( read original story …)
China slams ‘inhumane’ treatment of Huawei executive
China on Monday ratcheted up its protest over … saying Meng has been accused of “conspiracy to defraud multiple financial institutions”. If convicted, she faces more than 30 years in prison. ( read original story…
China summons US ambassador over Huawei arrest
China summoned the US ambassador on Sunday to … The arrest of Huawei’s chief financial officer Meng Wanzhou has infuriated Beijing, which demanded Washington drop its extradition request … ( read original story …)
China deliberates draft rules targeting financial holding companies: sources
BEIJING (Reuters) – China’s central bank has started seeking internal feedback on draft rules regulating financial holding companies, targeting big-name conglomerates that hold multiple financial lice… ( read original story …)
