China’s central bank announced a shock takeover of a lender, its first such move in 20 years, citing “serious credit risks”. Creditors in small Baoshang Bank were to take a hit, assets would be sold…
Featured Posts Title
Beijing expands funding tools to support food security, rural modernization
Speech in China is in the deep freeze
China says it will pump $54 billion into banks and insurers — but their stocks still fell
Asia-Pacific Media Forum opens in Shenzhen, building a bridge of understanding and coexistence through media
Rare Beijing spy series highlights real-life intelligence drama with Taiwan
Ahead of Xi’s US visit, China’s soybean crushers face high costs, weak margins
China just pumped $54 billion into banks and insurers — but their stocks still fell
Recent Posts
China’s troubled Baoshang rescue exposes fault lines in bank reform drive
China should not expect an easier relationship in a Biden administration: Professor
University of Mary Washington professor Elizabeth Freund Larus talks to “Squawk Box Asia” about what to expect should Joe Biden win the White House in the 2020 election. She says that while tense … (…
Cathay Pacific, major shareholders Swire and Air China halt trading in Hong Kong
Cathay Pacific Airways Ltd and its major shareholders Swire Pacific Ltd and Air China Ltd halted trading in their shares in Hong Kong on Tuesday pending … ( read original story …)
Bitcoin Daily: China Freezes Thousands Of Crypto Accounts Amid Criminal Probe
Authorities in China have reportedly frozen bank accounts due to digital currency and fiat assets allegedly contaminated by illicit actions. ( read original story …)
China reports 4 new confirmed, 2 asymptomatic COVID-19 cases in mainland
China reported four new confirmed and two asymptomatic COVID-19 cases in the mainland as of end-June 7, the country’s health commission said on Monday. The National Health Commission said the four new … ( read…
China report defends covid-19 response
Senior Chinese officials released a lengthy report Sunday on the nation’s response to the coronavirus pandemic, defending their government’s actions and saying China had provided information in a … ( read original story …)
Fauci criticizes China’s lack of transparency about coronavirus transmission
Dr. Anthony Fauci addressed the early coronavirus outbreak in China in a new interview, criticizing the country’s lack of transparency at the time. The infectious disease expert said that … ( read original story …)
Cathay Pacific and major shareholders Swire and Air China halt trading
Hong Kong’s Cathay Pacific Airways Ltd and its major shareholders Swire Pacific Ltd and Air China Ltd entered share trading halts in Hong Kong on Tuesday … ( read original story …)
What HSBC and Cathay Pacific’s bow to Beijing on Hong Kong national security law tells investors about management in political crises
China tensions escalate, companies are struggling to remain apolitical on the controversial national security law. Investors look to its implementation and potential ESG pitfalls. ( read original story …)
Can the U.S. End China’s Control of the Global Supply Chain?
The trade war amplified calls in the U.S. and elsewhere for reducing dependence on China for strategic goods. Now, the pandemic has politicians vowing to take action. ( read original story …)
Japan wants manufacturing back from China, but breaking up supply chains is hard to do
When Japanese firm Iris Ohyama agreed in April to begin producing much-needed face masks in Japan, it marked a win for Prime Minister Shinzo Abe who wants to bring manufacturing back from China. ( read…
Hong Kong’s Rush to Attract China Listings Comes With a Risk
Hong Kong exchange’s race to attract big Chinese technology listings comes with one big risk, say money managers: The city’s ability to keep the investing dollars flowing in as it’s roiled by … ( read…
Behind China’s Twitter Campaign, a Murky Supporting Chorus
Swarms of accounts are amplifying Beijing’s brash new messaging as the country tries to shape the global narrative about the coronavirus and much else. ( read original story …)
ADVERTISEMENT
