China managed to manage the coronavirus early on, and record a positive economic expansion in 2020, which are good signs for global economy, a scholar stated here in a new interview with Xinhua. … (…
Tagged By banking
China Evergrande New Energy Vehicle Company Attracts 6 Investors To Raise $3.4 billion
The electric vehicle unit of property developer China Evergrande Group said on Sunday it would bring in six new investors and will raise $3.4 billion to repay debt and fund research, Reuters has … (…
Chinese banking sector assets up 10.1 pct in 2020
The total assets of China banking sector saw steady expansion in 2020 data from the country top banking and insurance regulator sh … ( read original story …)
Pandemic Lockdowns in China Loom Amid Weak Consumer Spending
China’s retail sales remain a weak spot, and spending during the coming Chinese New Year will be curtailed by pandemic restrictions. ( read original story …)
China, Kenya agree repayment holiday on US$245 million worth of debt
Deal was struck just hours before Nairobi was due to make its first repayment on a US$1.48 billion loan from the Export-Import Bank of China. ( read original story …)
U.S. Doesn’t Need Europe’s Help in China Trade War
With an economic showdown between the U.S. and China looming over the new Biden administration, it’s increasingly clear that the European Union wants to sit this one out. That presents the U.S. with a ……
China Says Crackdown on Fintech Not Aimed at Specific Firms
China’s banking regulator said recent measures to rein in financial technology firms that have hit hard at giants such as Jack Ma’s Ant Group Co. weren’t aimed any specific company and have been well ……
UPDATE 1-China’s antitrust moves not aimed at private sector, specific firms, regulator says
China’s recent antitrust measures are not aimed at private firms, and will not hinder their development, a senior banking and insurance regulator said on Friday. ( read original story …)
China’s antitrust measures not aimed at private sector, specific firms – regulatory official
China’s recent antitrust measures are not aimed at private firms, and will not hinder their development, a senior banking and insurance regulator said on Friday. ( read original story …)
China Evergrande Soars After Redeeming $2 Billion Bond Early
China Evergrande Group shares have had their best start to a year since 2012 after the developer said it plans to redeem a $2 billion convertible bond early, passing a liquidity test as it looks…
China’s Top Financial Regulator Rejects ‘State Monopoly’ Criticism
China’s top financial regulator dismissed claims the nation is distorting its economy through “state monopoly capitalism” as pressure grows on China to … ( read original story …)
China Welcome’s Biden’s WHO Return amid ‘Grim Situation’ of US COVID-19
“China always maintains that all countries should actively support WHO’s work and jointly safeguard international public health security,” Chinese Foreign Ministry spokesperson Hua Chunying said. ( read original story …)
Alibaba founder Jack Ma makes first public appearance in 3 months after criticising China’s banking system
Beijing/UNI: Jack Ma, the founder of Chinese e-commerce giant Alibaba, made his first public appearance on Wednesday, after disappearing from the public’s eyes for almost three months following his … ( read original story …)
