China’s central bank has cut one of its most important lending rates to a record low as Beijing seeks to boost liquidity in the financial system and cushion the hit to the economy from the…
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Beijing seeks to boost financial system as coronavirus pummels growth
Beijing’s attack on Hong Kong opposition viewed as ‘taste of what’s to come’ as attention pivots from coronavirus to city’s legislative elections
Beijing’s top representatives have accused the opposition of paralysing the city’s governance with filibustering tactics in the legislature Pan-democrats say the criticism oversteps the central … ( read original story …)
Key Part of China Shadow Banking Faces Doubling of Defaults
China’s $3 trillion trust industry, a key alternative source of funds for weaker companies, risks sending shock waves through the nation’s financial system with defaults among its investment products … ( read original story …)
China didn’t warn public of likely pandemic for 6 key days
In the six days after top Chinese officials secretly determined they likely were facing a pandemic from a new coronavirus, the city of Wuhan at the epicenter of the disease hosted a mass banquet for…
Asia shares consolidate, China cuts another interest rate
China moved again to cushion its economy, cutting a key medium-term interest rate to record lows and paving the way for a similar reduction in benchmark loan rates. While not unexpected, it did help ……
Tesla’s China car registrations surge in March as Shanghai factory back up
Tesla’s China registrations rose to 12,709 units in March from 2,314 in February. Overall auto sales in China plunged 43.4% in March, as a coronavirus pandemic continued to depress demand, industry … ( read original…
US engages in show of force in Guam, after China’s own show of strength near Taiwan
After a Chinese aircraft carrier sailed past Taiwan over the weekend in a show of strength as the U.S. Navy struggles with coronavirus, the U.S. Air Force then posted a tweet showing a number of … ( read original story …)
Coronavirus to push China’s first-quarter GDP into first decline on record: Reuters poll
BEIJING (Reuters) – The coronavirus health crisis likely knocked China’s economy into its first decline since at least 1992 in the first quarter, raising the heat on authorities to do more to restore … (…
China Trims Funding Costs, Adds Liquidity to Banking System
China’s central bank cut interest rates and injected $14 billion into the financial system, bolstering measures aimed at countering the economic fallout from the coronavirus pandemic. ( read original story …)
Wall Street’s Biggest-Ever China Bet Rides on These Bankers
And Todd Leland at Goldman Sachs Group Inc. sees “infinite growth” in asset management. For the executives leading Wall Street’s charge into China, the race is officially on to tap one of the biggest ……
China central bank will conduct medium-term lending facility operation on Wednesday: sources
China’s will conduct medium-term lending facility (MLF) operations on Wednesday, traders with direct knowledge of the matter said. There is no … ( read original story …)
CIOE 2020, the professional infrared exhibition, will be held at Shenzhen World Exhibition and Convention Center from September 9 to 11
Infrared Applications Expo is known as the first and the only professional infrared exhibition in China and will be held … ( read original story …)
Key Part of China’s Shadow Banking Faces Doubling of Defaults
China’s $3 trillion trust industry, a key alternative source of funds for weaker companies, risks sending shock waves through the nation’s financial system with defaults among its investment products … ( read original story …)
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