Chinese banks extended ¥1.28-trillion ($186.40bn) in net new yuan loans in August, according to data released by the People’s Bank of China (PBOC) on Wednesday. Analysts had predicted an August tally … ( read original…
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China’s new loans fall as cooling makes banks and borrowers wary
Bank of England Governor Warns of Mounting Financial Risks in Asia
Bank of England (BoE) chief Mark Carney has suggested British and international financial institutions prepare to address possible risks stemming from mainland China’s shadow banking, namely its so-ca… ( read original story …)
China’s Sovereign-Wealth Fund Interested in Buying HNA’s Deutsche Bank Stake
China’s sovereign-wealth fund and other large investors have expressed interest in potentially buying shares in Deutsche Bank AG from embattled Chinese conglomerate HNA Group Co., according to people … ( read original story …)
China’s Central Bank-Backed Blockchain Trade Finance Platform Pilot Kicks Off in Shenzhen
A new trade and finance blockchain platform backed by the People’s Bank of China (PBoC) has started official pilot operations in Shenzhen. The “Guangdong, Hong Kong and Macao Dawan District … ( read original story…
China: Central Bank’s Digital Currency Lab Launches Research Center in Eastern Province
China’s central bank, the People’s Bank of China (PBoC), is extending the activities of its Digital Currency Research Lab beyond the country’s capital, local media outlet CNstock reports … ( read original story …)
China’s central bank-backed blockchain platform starts trial in Shenzhen
A trade and finance blockchain platform, backed by the People’s Bank of China (PBC), the country’s central bank, was officially put into trial operation in Shenzhen, South China’s Guangdong Province, … ( read original story…
Lithuania’s central bank launches interbank instant payments
according to the latest data from the Bank of Lithuania. Enditem Follow China.org.cn on Twitter and Facebook to join the conversation. ( read original story …)
China August new loans fall to 1.28 trillion yuan, below forecasts
China is ramping up infrastructure spending and pumping ample liquidity into the financial system to guide borrowing rates lower. The central bank also is trying to encourage banks to continue … ( read original story…
IPO Roundup: China’s wannabe ‘Tesla killer’ NIO Ltd trading above US$14 on NYSE
Shares of Shanghai-based electric-vehicle maker NIO Limited (NYSE:NIO), which has billed itself as a potent rival to Tesla, were trading at US$14.67 Thursday morning after an underwhelming IPO. NIO pr… ( read original story …)
China’s Tesla Rival Prices $1 Billion IPO Near Bottom
(Bloomberg) — The global excitement about electric cars faces a test in New York today. China’s NIO Inc., which seeks to take on the likes of Tesla Inc., starts trading on the New York stock…
“China’s Tesla” A Dud: Breaks For Trading Below IPO Price
There was a lot of anticipation ahead of today’s IPO of NIO, a flashy Chinese start-up called “China’s Tesla”, which predictably hopes to rival Tesla in China, and which planned to raise around $1 bil……
China accuses U.S. of ‘prejudice’ amid threat of sanctions for Muslim detentions in Xinjiang
… opposes the United States using Xinjiang-related issues to interfere in China’s internal affairs,” Chinese Foreign Ministry spokesperson Geng Shuang said at a daily news briefing. “If the media re… ( read original story …)
China Bank Lending Slowed in August as Bond Issuance Surges
China’s broadest measure of new credit expanded as companies issued more debt, though the expansion in new bank loans slowed, showing that banks are still cautious about extending credit and taking on … ( read…
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