(Bloomberg) — The People’s Bank of China sold 20 billion yuan ($2.9 billion) of bills in its first issuance in Hong Kong Wednesday, a move that could reduce the offshore yuan’s liquidity and support ……
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Recent Posts
China’s Central Bank Raises 20 Billion Yuan in First Bill Issuance in Hong Kong
Central bank governor promises stronger support for private sector
China’s central bank governor on Tuesday pledged an array of policies to widen financing channels for the private sector. “There is a lot of water in the monetary ‘pool’ but we need to channel the…
Hong Kong’s central bank should work as hard as the city’s tycoons in their chase for financial returns
For Hong Kong’s de facto central bank, the draw of China is proving too tempting to resist. The Hong Kong Monetary Authority (HKMA) has for a decade diversified beyond traditional bond and equity inve… (…
Bank adviser: Fiscal policies have bigger role to play
A view of the People’s Bank of China. [Photo/VCG] Fiscal policies, particularly value-added tax cuts, will play a greater role in supporting the economy compared to monetary tools as China needs to st… ( read…
China’s financial bailout promotes the survival of the fittest, leaving weak borrowers to fend for themselves
The Chinese government initiatives introduced recently are designed to help smaller, private companies that are commercially sound weather short-term liquidity problems, but will not do much to help w… ( read original story …)
China unveils stealth combat drone in development
ZHUHAI, China — A Chinese state-owned company says it is developing a stealth combat drone in the latest sign of the country’s growing aerospace prowess. The CH-7 unmanned aerial vehicle also undersco… ( read original…
China’s Hottest Broker IPO Shows Rout Can’t Kill Speculation
“Speculators are still chasing new shares, especially those with low per-share prices,” said Lv Changshun, a fund manager at Beijing Dajun Zhimeng Investment Management Co. Tianfeng sold shares at 1.7… ( read original story …)
The Mobile Payments Series: China
This week, we’re diving into the mobile payments landscape and seeing what adoption looks like across various countries like the US, India and Germany. Yesterday, we looked at adoption in the UK. Next … (…
China Says It Will Cut Maximum Length of Stock Trading Halts
The China Securities Regulatory Commission made the announcement on its website late Tuesday. Under existing rules, companies can suspend their shares for as long as three months for “major asset rest… ( read original story…
China Unicom (Hong Kong) (NYSE:CHU) Cut to “Neutral” at Credit Suisse Group
China Unicom (Hong Kong) (NYSE:CHU) was downgraded by equities research analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research note issued to investors on Frid… ( read original…
SAIC Motor, China Mobile team up to develop 5G ICV
Shanghai (Gasgoo)-SAIC Motor and China Mobile reached a strategic cooperation agreement on November 6 to co-develop China’s first volume 5G ICV (Internet-connected vehicle) model. They are ambitious t… ( read original story …)
China Mobile Hong Kong leads the race of 5G development
Mobile network operators in Hong Kong are flexing their muscles to develop the 5G network and enhance market share. China Mobile Hong Kong (CMHK) is leading the race by launching a large scale 5G mark……
Recent Analysts’ Ratings Changes for China Unicom (Hong Kong) (CHU)
Shares of CHU stock traded up $0.12 during trading hours on Tuesday, hitting $10.97. 191,491 shares of the company were exchanged, compared to its average volume of 351,216. The company has a quick ra… (…
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