Chinese banks used the government’s new centralised credit scoring system to reject loan applications worth nearly 1 trillion yuan (US$144 billion) last year, the People’s Bank of China reported … ( read original story …)
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Chinese banks rejected nearly US$144 billion in loans last year using credit scoring system, central bank says
Stock futures fall as investors eye chipmakers, Chewy IPO
also fell as investors weighed the sector-wide impact of the U.S.-China trade tensions. The iShares PHLX Semiconductor ETF (SOXX) declined 2.9% to $184.44 during early trading. The U.S. IPO market has … ( read original…
U.S. and China halt WTO intellectual property dispute
The United States and China have halted their dispute over intellectual property rights at the World Trade Organization until Dec. 31, the WTO dispute panel hearing the case said in a statement … ( read…
China Bank raising P5b from maiden bond issue
China Banking Corp., the seventh-largest lender in terms of assets, plans to raise at least P5 billion through its maiden issuance of peso-denominated fixed rate bonds to support expansion and … ( read original story…
China reportedly investigating FedEx delivery errors
Xinhua previously reported that China would investigate whether FedEx damaged the legal … Washington also last month put Huawei on a blacklist that effectively blocks U.S. firms from doing business … ( read original story…
Some in Hong Kong’s Pro-Beijing Camp Break Ranks, Calling for Delay of Bill
HONG KONG — Two members of Hong Kong’s pro-Beijing establishment appeared to break ranks with the city’s embattled leader on Friday, saying publicly that an unpopular bill that would allow … ( read original story…
China’s industrial output growth slows to 17-year low as trade war escalates
China’s economy flashed more warning signs in May as the United States ramped up trade pressure, with industrial output growth unexpectedly slowing to a more than 17-year low and investment cooling, … ( read original…
China Mobile kicks off 5G move with $2.8B tender
Just a week after receiving a 5G licence from the government, China Mobile opened a tender for the first phase of the rollout of the next-generation technology valued at an estimated CNY19.3 billion … (…
Hong Kong gets angry as Beijing tightens its grip
The chaos forced Hong Kong’s defacto parliament, which is weighted in favour of pro-Beijing politicians … particularly in the financial services sector, attracted to the city’s rule of law, low tax … ( read original…
Safe Space: A Guide to Special Economic Zones for Crypto, From China to Switzerland
Russia may join a list of countries with an offshore crypto zone with a plan to build its own on an island. Learn more about cryptocurrency safe spaces, where fintech ventures are encouraged to ……
China Jan-May property investment cools, sales drop
BEIJING, June 14 (Reuters) – China’s real estate investment rose 11.2% in the first five months of the year in annual terms, slowing from 11.9% in the January-April period, official data showed on … (…
Hong Kong top destination for Chinese IPOs, but new Shanghai tech board poses threat, Baker McKenzie says
Hong Kong is the top destination for Chinese companies seeking to list their shares outside China so far this year, but could face a challenge for initial public offerings from Shanghai’s new … ( read…
Former ambassador to China calls current tensions with Canada ‘unprecedented’
The current diplomatic spat between Canada and China amounts to the “worst crisis” Canada’s former ambassador to China has ever seen in diplomatic relations between the two countries. “It’s really an … ( read original…
