Beijing yet to respond to Washington’s request for meeting between Chinese Defence Minister Li Shangfu and American counterpart Lloyd Austin on the sidelines of the Shangri-La Dialogue in Singapore …
FINANCE
Marijuana Lobbying Firm Apologies For ‘Misguided’ Letter Referencing ‘Chinese-Backed Investors’ In Push For Banking Bill Amendments
A major marijuana lobbying firm has apologized after sending a letter to Senate committee leadership concerning a bipartisan cannabis banking bill that contained “inappropriate” references to …
China’s state banks seen selling dollars in onshore FX market – sources
China’s major state-owned banks were seen selling dollars in onshore spot foreign exchange market from Thursday and into Friday, sources with knowledge of the matter said.Such dollar selling appeared …
US-sanctioned Russian bank CEO hails yuan use while decrying US dollar weaponisation
VTB Bank’s Andrey Kostin spoke with Post during Russian delegation’s state visit to Beijing Russia’s second-largest lender, which lost billions last year after being cut off from US dollar and euro, …
Morgan Stanley Asia Job Cuts Include Key China Bankers, Six MDs
Morgan Stanley is letting go of at least six managing directors, including some key China bankers, as part of broader job cuts in Asia where dealmaking has been stymied by growing China-US tensions …
China Bulls Are Stepping Back as Stocks Witness Renewed Selloff
Chinese equities are losing their bullish strategist calls after a key benchmark wiped out all its gains for the year earlier this week.
China’s Greater Bay Area to lead sustainable finance, meet capital demands of decarbonisation with green bonds, loans
The Greater Bay Area is expected to continue to lead the way in meeting China’s demand for capital to fund its decarbonisation push, facilitating up to US$28.29 trillion in financing.
Ford CEO says China main EV rival, not GM, Toyota
Chinese electric vehicle (EV) makers are its main rivals in the sector, but the company has hurdles competing on cost at a smaller scale. Read more at The Business Times.
China to expand futures opening-up in signal of financial reform
This is the latest signal sent by Chinese officials that testifies China’s determination to open up its economy, with a string of opening measures being launched in recent years, such as relaxing or …
China’s economic recovery is being held back by lagging private sector, household concerns, senior adviser warns
president of the Shanghai University of Finance and Economics. “The current policy implementation is not strong enough to support a full-scale economic recovery,” Liu told a webinar organised by the …
China is flexing its new influence over Russia, keeping Putin waiting to see if can have a new gas pipeline he desperately needs
a China policy expert at the European Council on Foreign Relations, told The Financial Times. By delaying finalizing the deal, Bachulska told the FT, China likely believes it can secure lower prices.
China’s state capitalists celebrate their soaring shares
China’s state-owned enterprises (soes … For more expert analysis of the biggest stories in economics, finance and markets, sign up to Money Talks, our weekly subscriber-only newsletter.
Beijing’s Xicheng cracks down on financial crime
including the Beijing Securities Regulatory Commission and the Beijing Banking Association, potential financial risks and criminal indications have been brought to light and resolved in a timely …
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