Beijing’s continuing crackdown on Big Tech will have ramifications around the world. It’s going to be a bumpy ride.
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China sets yuan midpoint at weakest in over 3 months
China’s central bank on Wednesday dragged its official yuan midpoint to the weakest level in more than three months to reflect broad weakness in the spot market a day earlier following a sharp …
IMAX China Reports Half-Year 2021 Financial Results
IMAX China delivered a strong revenue rebound to US$53.4 million for the first half of 2021, up from US$6.7 million a year ago, including technology sales and maintenance revenue of US$31.7 million, …
China Bond Bulls Unfazed by Xi’s Crackdown on Capital Markets
While Chinese markets might look bleak at the moment, the biggest government bond selloff of 2021 has some investors salivating at a buying opportunity.Risk aversion swept the country and spread …
China Shares May Open Under Continued Pressure
The China stock market has finished lower in three straight sessions, plummeting more than 190 points or 5.5 percent in that span. The Shanghai Composite Index now rests just above the 3,380-point …
China Soft Ahead of Fed, Big Tech Earnings. Transports Lower
Markets are lower in afternoon trading in New York today. China fears have created uncertainty, and why we looked to short the Transports yesterday. It seems like …
Beijing Crackdown Sparks Record Slide for Chinese Stocks in U.S.
The slump in U.S.-listed Chinese shares accelerated Tuesday, wrapping up another day of losses, as investors shunned the assets amid a broad-based crackdown by regulators in Beijing.In the span of …
Rise of Digital Yuan Brings New Challenges for China Tech Giants
Tencent and Ant Group spent a decade digitizing money and payment networks. Now the government wants a larger role.
Has China quit overseas coal financing?
China did not fund any overseas coal projects in the first half of 2021, the International Institute of Green Finance said. This marks a milestone in the greening of China’s Belt and Road Initiative, …
Bank of China joins BancNet
Bank of China has ramped up its digital payments transformation journey through a partnership with interbank network operator BancNet to broaden the network of its clients and lower costs amid the …
Why the U.S. and Europe trail China in central bank currency race
Western central banks trying to develop sovereign cryptocurrency models face pushback from lawmakers and other obstacles, while the digital yuan has a much clearer path.
Beijing crackdown spurs $2.6 billion Chinese equity outflow this week-IIF
China’s equity markets suffered outflows of $600 million on Tuesday after bleeding $2 billion on Monday, the Institute of International Finance (IIF) said. “These are very weak figures compared to the …
China’s renminbi needs convertibility to internationalize
Chinese currency as a full reserve currency will only happen when confidence in its convertibility is sufficient to convince unofficial (private) investors to hold much more reserves denominated in it …
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