BEIJING (Reuters) – The Beijing-backed Asian Infrastructure Investment Bank has dropped plans to finance a new capital for Andhra Pradesh, after the World Bank pulled its support on Friday. … ( read original story …)
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China-led development bank joins World Bank in pulling funds for Andhra Pradesh’s new capital
China central bank drains liquidity from market
BEIJING, July 23 (Xinhua) — China’s central bank drained 164.3 billion yuan (about 24 billion U.S. dollars) from the financial system on Tuesday, with more reverse repos and medium-term lending … ( read original story…
China’s rural policy bank ADBC reports assets of 7.1 trln yuan
BEIJING, July 20 (Xinhua) — The Agricultural Development Bank of China (ADBC), the country’s only rural policy bank, reported its assets reaching 7.1 trillion yuan (1.03 trillion U.S. dollars) by the … ( read original…
US Slams China’s ‘Bullying’ Amid Vanguard Bank Oil Exploration Standoff With Vietnam
The statement described China’s behavior as “bullying” and called on Beijing to “refrain from … Vietnam’s continental shelf on Vanguard Bank. “Over the last several days, the Chinese … ( read original story …)
China-backed investment bank rattles Big Boys
It was the first time the bank had held the two-day gathering outside Asia since it was founded at the end of 2015, as it seeks to position itself in the global financing landscape. But…
Hong Kong protesters moot Bank of China ‘stress test’ after latest clashes
Anti-government protesters in Hong Kong began circulating plans on Monday to “stress test” the Bank of China in their bid to keep pressure on the city’s pro-Beijing leaders, after five people were … ( read…
Chinese Government Blockchain Standardized Certification Received by Lenovo, Alipay, and Aelf
Since 2017, the China Electronics Technology Standardization Institute (CESI) has been conducting Standard Blockchain System Function Test in order to pressure test and certify the top blockchain … ( read original story …)
Top investors lose $1-billion as China’s Nasdaq-style board reverses on second day
Find your bookmarks by selecting your profile name. The biggest shareholders in China’s new Nasdaq-style STAR Market lost a combined $1 billion in the second day of trade on Tuesday, a day after the ……
Beijing Auto Buys Stake in Daimler, Deepening Their Alliance
SHANGHAI — Beijing Automotive Group said on Tuesday that it would acquire a 5 percent stake in Daimler, deepening the German automaker’s ties to a vast but troubled car market. The Beijing-based … ( read…
Chinese property developer Country Garden makes Fortune Global 500 list for third consecutive year
FOSHAN, China, July 23, 2019 /CNW/ — The 2019 edition of the Fortune … The rankings indicate the latest development trends among the world’s largest companies. The leading Chinese property … ( read original story…
Breakingviews – Corporate activism tastes different in China
The maths is more difficult where China is concerned. Brands don’t want to alienate the huge market, or anger a government that isn’t afraid to meddle in business. Even Nike has opted to avoid ……
China’s Luckin Coffee taking on Starbucks in more big markets
(CNN) – The coffee company trying to topple Starbucks in China is planning to storm other big markets … Americana runs 1,900 franchises across the Middle East for several fast food brands, including … (…
Toyota, China’s BYD to jointly develop battery EVs
In a statement, Toyota and the Chinese electric automaker said they would develop sedans and sport utility vehicles, which would be sold under the Toyota brand in China before 2025. Earlier in the … (…
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