The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) will be investing $5 billion in the next two years to finance 20-30 projects in India, said DJ Pandian, former chief secretary of … ( read original story…
Tagged By banking
Are Inter facing bankruptcy like Barcelona? Why Suning’s financial issues provoked panic at San Siro
Suning’s pandemic-related financial problems have provoked panic at San Siro but are Inter really facing a Barcelona-like financial crisis? ( read original story …)
China’s central bank conducts 10b yuan of reverse repos
China’s central bank on Saturday conducted 10 billion yuan (about $1.55 billion) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the 7-day reverse … ( read original…
Jack Ma’s Ant Group was the next big thing. Now it may become just a boring bank
Jack Ma’s Ant Group quickly became one of China’s most powerful companies, and its plans for bridging the worlds of tech and finance were growing ever more ambitious by the day. ( read original story…
Nothing Can Hurt China’s Economy More Than Listening To The IMF
I have mixed feelings about China’s economic policies. During the 1950s, 1960s, and 1970s, China was horrifically impoverished because of socialist policies. According to the Maddison database … ( read original story …)
Underfunded and Under Pressure, U.S. Pensions to Keep Investing in China
Large U.S. pension plans relying on ambitious returns to fill massive shortfalls aren’t finding it easy to steer clear of regulatory risk in China. ( read original story …)
Business jitters hit Hong Kong as Beijing accelerates takeover plan
Earlier this week, the United Kingdom updated its advice to businesspeople looking to invest in Hong Kong, the former British colony it handed back to China in 1997. ( read original story …)
China urges markets to focus on rates, not liquidity, to avoid ‘misunderstanding’ of monetary policies
China is poised to withdraw its 9 trillion yuan (US$1.4 trillion) stimulus rolled out last year to fight the coronavirus and help affected businesses. ( read original story …)
China Mulls Easing Capital Controls on Offshore Investments
China is considering relaxing restrictions to allow its citizens to invest in securities outside its mainland in a bid to facilitate two-way capital flows as it opens its own capital markets to more … (…
China’s central bank issues 25 bln yuan of bills in Hong Kong
China’s central bank issued 25 billion yuan (about 3.87 billion U.S. dollars) worth of bills in Hong Kong on Friday. Among the total, 10 billion yuan worth of bills will mature in three months, and…
China’s blue-chip index ends week lower on policy tightening worries
China’s blue-chip index recouped earlier losses to end higher on Friday, helped by gains in infrastructure and securities stocks, though it posted weekly losses on investor concerns over policy … ( read original story …)
Financing picking up speed amid carbon control efforts
China’s green financial market is unveiling huge business opportunities for global capital as infrastructure and technology upgrade programs await funds to cut carbon emissions in the next few decades … ( read original story …)
Chinese bank tests biometric hardware wallet for digital yuan payments
China’s Postal Savings Bank has created a biometric hardware wallet for the country’s digital yuan that doubles as a health card. ( read original story …)
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