The China stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had jumped almost 100 points or ……
Tagged By banking
US and China in fiery exchanges at start of Alaska meeting
US and Chinese officials engaged in a fiery exchange at the start of their first-high level meeting since Joe Biden took office in January, signalling that the two powers will struggle to find common ……
One of two Canadians accused by China of spying set to begin trial
One of two Canadians detained by China more than two years ago on suspicion of espionage, Michael Spavor, was due to go on trial on Friday, a case seen in Ottawa and Washington as part…
Beijing’s war on the credit boom
Like many small businesses across China, Mr Zheng Weijun’s freight company had struggled to obtain credit from the state-dominated banking system. But in 2018, the 12-lorry business discovered Fincera … ( read original story …)
New Beijing court to focus on finance cases
A court specializing in hearing finance-related lawsuits was established in Beijing on Thursday morning. The Beijing Financial Court aims to improve the handling of monetary disputes in China’s legal … ( read original story …)
Canadians Face Trials in China After Two-Plus Years’ Detention
Michael Kovrig and Michael Spavor will be tried separately on espionage charges in cases seen as payback for the U.S.-China clash over telecom-equipment giant Huawei Technologies. ( read original story …)
Ex-Foreign Office chief reveals Whitehall tussle over China policy
Simon McDonald says his former department and Cabinet Office are vying for control … ( read original story …)
China banking regulator finds $42.6 million in misappropriated loans in property: state media
BEIJING (Reuters) – China’s banking regulator has found 277 million yuan ($42.6 million) in loans misappropriated for use in the housing market in the southern state of Guangdong, reported the … ( read original story…
China slams US plan to expel phone carriers in tech clash
China’s government on Thursday called on Washington to drop efforts to expel three state-owned Chinese phone companies from the United States in a new clash over technology and security. The Federal … ( read original…
China Raises Stakes for U.S. Meeting With Trials in Huawei Feud
In February, the cases led Canada to convene an international group opposing to the use of arbitrary detention as a coercive diplomatic tool, an initiative denounced by China as “hypocritical and … ( read original…
China sets court hearings for two Canadians charged with spying
China arrested the men in December 2018 soon after Canadian police detained Meng Wanzhou, the chief financial officer of telecoms giant Huawei Technologies Co Ltd, on a U.S. warrant. She is under … ( read…
Why China is cooling, not deflating, the property market bubble
Beijing depends on China’s property bubble for revenue and has been managing it by keeping a lid on inflation. But the yuan’s soft peg to the dollar means Washington’s decisions – and addiction to ……
China Slams Xiaomi-Backed Online Lender XW Bank Over Violations
China’s banking regulator lashed at an online lender backed by Xiaomi Corp. over a range of violations, in the latest sign of intensifying scrutiny on the financial operations of the nation’s … ( read original…