Dovish signals from Fed Chair Jerome Powell would probably boost risk appetite and lift global stocks markets. The dollar and U.S. bond yields would likely come under downward pressure too – often …
FINANCE
China’s Alibaba says will not join Ant Group share buyback
China’s Alibaba Group said on Sunday it had decided not to participate in affiliate Ant Group’s proposed repurchase of shares, but would maintain its shareholding in the company.
China, Japan, Korea Central Bankers Discussed Economy, Finance
Central bankers of China, Japan, and South Korea exchanged views on recent economic and financial developments at a meeting held in Yokohama on Sunday, according to statements from the three …
China’s economic powerhouses post strong H1 growth, to underpin steady H2 recovery
China’s six largest economic powerhouse provinces had all released their first-half GDP data as of Sunday, showing solid expansion, with many growing faster than the national economy, amid a steady …
China’s GDP Miss, UPS Strike Threat And Insights From 9M Bank Accounts: Economic Highlights This Week
This week in economics was marked by China’s Q2 GDP miss, the looming final Fed rate hike, a potential false alarm in job market indicators, the potential ripple effects of a UPS strike, and insights…
1 in 5 young people in China can’t find a job – and that’s a big problem for Xi Jinping
“If China relied more on consumption for demand, that would help because consumption is mostly services and sectors such as media, entertainment, education, health, finance, and telecom are where the …
Lock-up shares worth 55.6b yuan to become tradable in China
BEIJING – Lock-up shares worth around 55.6 billion yuan ($7.8 billion) will become eligible for trade on China’s bourses next week. From July 24 to July 28, about 2.73 billion shares will become …
China sends 37 warplanes to Taiwan ahead of major combat and evacuation drills
according to the Financial Times. The expanded drills are widely seen as a response to increasingly aggressive rhetoric from China, which claims Taiwan as a breakaway province and has repeatedly said …
China’s public offering fund value tops 27 trillion yuan
BEIJING – Assets under the management of China’s public offering funds totaled 27.69 trillion yuan ($3.88 trillion) by the end of June, data from the Asset Management Association of China showed. By …
Chinese policy bank steps up financial support for smart parking
BEIJING – The China Development Bank (CDB), one of the country’s policy banks, has stepped up financial support for the construction of smart parking infrastructure. As of June, the lender had issued …
China’s top overseas students face ‘glass ceiling’, hard choices amid fraught US ties
Uncertainty over US-China relations and a more research-favourable environment at home are luring more Chinese PhD graduates in science, technology, engineering and mechanics (STEM) disciplines to …
Alibaba’s Failed MoneyGram Deal Shows How China’s Payment Wars Are Spilling Over Into U.S.
Forget Visa versus Mastercard, or even Apple versus Android. China is in the midst of a financial technology (fintech) revolution that has the potential to determine how the world spends money for …
China Construction Bank increases loan support for manufacturing
China Construction Bank one of the country largest state-owned commercial banks has enhanced financial support for the manufactur …