HSBC posted a 65% drop in profits in its first half 2020 results Monday as the bank continues to be weighed down by the effects of the coronavirus crisis and falling interest rates around the…
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HSBC results: Bank posts sharp fall in profits and warns of US-China tensions
US dollar vs yuan: why China’s threat against HSBC rings hollow – for now
China’s stalling efforts to internationalise the renminbi means it needs HSBC to provide international access. So, are those HK$35 shares a bargain? Not so fast … ( read original story …)
China Life sweeps seven accolades at Institutional Investors’ 2020 All-Asia Executive Team rankings
China Life Insurance Company Limited (“China Life” or the “Company”) (SSE: 601628; SEHK: 2628; NYSE: LFC) is pleased to announce that the Company has won seven awards from Institutional Investor’s … ( read original story…
China Weighs Bond Issue to Help Pay Clean Energy Subsidies
Chinese officials are considering a proposal to sell bonds to pay renewable energy subsidies owed to developers, according to people familiar with the matter.Officials have reached out to renewable … ( read original story …)
Blockchain Technology in the Energy Sector Market to cross USD 10,287 Million by 2026
Selbyville, Delaware Market Study Report newly added the Global Blockchain Technology in the Energy Sector Market Report that gives meticulous investigation of current scenario of the market size, … ( read original story …)
China suspends HK extradition treaty with New Zealand
China suspended Hong Kong’s extradition treaty with New Zealand on Monday amid a row with Western nations protesting against a tough new security law that Beijing imposed on the city. New Zealand is … (…
China’s Star Board Among World’s Top Three IPO Venues
China’s technology focused Star board may be just over a year old, but it already ranks among the world’s top three initial public offering venues. ( read original story …)
HSBC’s profits dive 67% in the second quarter as COVID-19 and US-China geopolitical trade risk hit the lender
The British bank reported profit before tax of $1.1 billion, 67% lower than the $3.2 billion it made in the first quarter of 2020. ( read original story …)
Duterte On The South China Sea: ‘I Cannot Afford’ To Go To War With China
Philippine President Rodrigo Duterte says his country does not have the financial resources to wage a war with China over maritime territorial disputes. ( read original story …)
China suspends extradition agreement with New Zealand
China said on Monday it will suspend its extradition agreement with New Zealand in response to Wellington suspending its existing extradition treaty with Hong Kong. ( read original story …)
TikTok owners will relocate to London from Beijing, Sun newspaper says
TikTok owner ByteDance will move its headquarters to London from Beijing under a deal approved by British ministers, The Sun newspaper reported. ByteDance’s founders are to announce their intention to … ( read original story…
Beijing’s actions risk Hong Kong’s future as global financial center
The new security law Beijing imposed on Hong Kong and the ongoing political turmoil cast a dark shadow on the financial hub’s competitiveness and attractiveness to international business. ( read original story …)
In Showdown Between China and the West, HSBC Gets Caught in the Middle
Global businesses are increasingly being asked to pick political and legal sides in the confrontation between the world’s two biggest economies. ( read original story …)
