Oct new loans 689.8 bln yuan vs f’cast 800 bln yuan * Oct M2 money supply +10.5% y/y, vs f’cast of +10.9% * Oct outstanding TSF growth quickens to 13.7% from 13.5% in Sept BEIJING,…
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UPDATE 2-China Oct bank loans fall more than expected but broader credit growth quickens
China prepares to impose new limits on its tech giants.
China’s potential new rules take aim at online platforms, proposing limits on exclusivity requirements, selling products below cost and different treatment of partners based on algorithms. They follow … ( read original story …)
Tencent Pledges Cooperation as China Scrutinizes Competition on Internet Platforms
Tencent, the world’s biggest videogame company by revenue, said its profit in the September quarter soared 89% to 38.54 billion yuan, equivalent to $5.81 billion, from the same period last year. ( read original story…
China’s military advances have pushed Japan to develop its own stealth fighter, analysts say
Beijing’s aggressive behavior is seen as the “primary catalyst” for Tokyo’s move, according to one analyst. ( read original story …)
China Completes Subjugation of Hong Kong, Comes for America | Opinion
On Thursday, all 15 of the remaining pro-democracy lawmakers in Hong Kong resigned from the Legislative Council after staging a noisy protest in the legislature’s chamber. The day before, the … ( read original story…
Why China Is Creating a New Asia-Pacific Trade Pact: QuickTake
First President Donald Trump withdrew the U.S. from a 12-nation, pan-Pacific trade deal known as the TPP. Then Prime Minister Narendra Modi pulled India out of another regional grouping led by China … ( read…
China’s President Xi Jinping Pulled Plug on Jack Ma’s Ant IPO
Senior government leaders were furious about the wealthy entrepreneur’s criticisms of regulators in an Oct. 24 speech. The rebuke was the culmination of years of tense relations between China’s most … ( read original story…
UK says China has breached Hong Kong treaty so considering sanctions
Britain on Thursday said China had broken its main bilateral treaty on Hong Kong by imposing new rules to disqualify elected legislators in the former British colony, cautioning that it would consider … ( read…
Hong Kong: China condemns defiant opposition lawmakers
China’s government has condemned the mass resignation of most of Hong Kong’s opposition as a “farce” and an “open challenge” to its authority. On Wednesday, 15 opposition members announced their … ( read original story…
Hong Kong pro-democracy lawmakers resign after China ruling
The opposition lawmakers then said they would leave in solidarity. For the first time since Hong Kong was handed back to China in 1997 the body has almost no dissenting voices. BBC China correspondent ……
Congresspeople Claim OCC Is Too Focused On Crypto
In the statement, it’s claimed that the clarity the OCC had issued out in September only hurt innovation, all the while facilitating … ( read original story …)
Ant Group’s Failed IPO Is A China Problem, Not A Fintech Problem
Jack Ma, one of China’s richest men, and a philanthropist that pals around with the likes of Bill Gates and Warren Buffet, kind of got his hat handed to him recently when his Ant Group…
How Ant’s Suspended IPO Is Related to China’s Digital Yuan
Ant Group’s suspended initial public offering (IPO) has shed further light on a possible motivation behind China’s digital yuan. The Chinese government appears to view the payments giant as a … ( read original story…
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