Cathay United Bank’s corporate clients are seeking to diversify supply chains away from China amid geopolitical tensions. Read more at straitstimes.com.
FINANCE
Beijing fears local vehicles for infrastructure finance may tank
Beijing fears that these LGFVs, which have been crucial in funneling investment into infrastructure projects, have dipped too far into this perilous segment of the bond market and may default, …
Marc Andreessen says his A.I. policy conversations in D.C. ‘go very differently’ once China is brought up
One thing the Silicon Valley venture capitalist has noticed: When it comes to A.I., he can have two conversations with the “exact same person” that “go very differently” depending on whether China is …
Morning Bid: G3 central banks and China Politburo bonanza
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 …
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 …
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