The message to the private banking world is unclear. Beijing has vowed to cut the cost of borrowing, and its latest target is private loans. China’s Supreme Court ordered interest rates on private … (…
Featured Posts Title
In rare flurry of trips, Xi pitches China as stable alternative to US under Trump
Eala faces points penalty, fines if she skips Beijing Open for Asian Games without WTA exemption
On the ground in China’s wiped-out border zone, the fate of hundreds is still unknown
China’s New Graduates, Facing a Dire Job Market, Must Also Contend With A.I.
Mudslide kills 2 and leaves 10 missing in China after heavy rain from Typhoon Saudel
Asia-Pacific media high-level forum launched in Shenzhen
High-level Asia-Pacific media forum kicks off in Shenzhen
Recent Posts
China Just Killed Its $491 Billion Private Loan Market
China’s Alibaba offers olive branch to Trump
Tech giant Alibaba has offered an olive branch to US President Donald Trump, as he continues to threaten Chinese firms. Chief executive Daniel Zhang said the online retailer’s policies “are fully … ( read original…
China reports 22 new COVID-19 cases; fifth day of zero local cases
China reported 22 new coronavirus cases in the mainland for Aug. 20, compared to seven a day earlier, the health commission said on Friday. ( read original story …)
China cenbank resumes 14-day reverse repos after near 2-month hiatus
China’s central bank will resume 14-day reverse repo operations for the first time in nearly two month on Friday, while injecting a total of 200 billion yuan ($28.93 billion) into the banking system … (…
China reports 22 new coronavirus cases on August 20; fifth day of zero local cases
China reported 22 new coronavirus cases in the mainland for Aug. 20, compared to seven a day earlier, the health commission said on Friday. ( read original story …)
X Financial Appoints New Chief Financial Officer
SHENZHEN, China, Aug. 20, 2020 /PRNewswire/ — X Financial (NYSE: XYF) (the “Company”), a leading technology-driven personal finance company in China, today announced that it has appointed Mr … ( read original story …)
China’s Covid Recovery Is Taking on Water
Much of the enthusiasm for China rides on expectation alone. Hopes that Beijing will spend, ease and build its way out out of the slowdown are pushing up proxies of economic activity. Two trillion ……
Hong Kong-listed developer Shenzhen Investment wins plot in Guangzhou’s Nansha district with record bid of US$578 million
Shum Yip Land, a unit of Hong Kong-listed Shenzhen Investment, has won a plot of land in Guangzhou’s Nansha district for a record 4 billion yuan (US$578 million). ( read original story …)
Hong Kong third wave: schools to hold placement test for their cross-border students in Shenzhen
Younger pupils living in mainland China will undergo assessment for secondary school places in the Guangdong city. Pilot arrangement necessary as many were unable to take the tests after physical … ( read original story…
China considers imposing tariffs on Australian wine
China is investigating whether Australia is dumping wine in the latest trade dispute to strain their relations … ( read original story …)
Chinese Insurer Waterdrop Plans US IPO After $230M Fundraise
In a bid to grow its health insurance division and go public in the United States, Waterdrop Inc., a Hong Kong-based insurer, has raised $230 million. ( read original story …)
U.S. Colleges Are Taking Steps to Protect Students From China’s National-Security Law
Some students will use code names at Princeton University to protect their identities … ( read original story …)
Thousands evacuated as floods threaten a massive dam and a treasured Buddha in China
The Yangtze River has been swollen by record rainfall, and the biggest hydroelectric dam on the planet has never faced such a test. ( read original story …)
