Even as supply lines have shifted back to China from coronavirus-hit countries, crucial raw materials such as metals are making it impossible for some manufacturers in the ‘world’s factory’ to turn a …
Tagged By banking
Fitch Rates Times China’s Proposed USD Notes ‘BB-‘
Fitch Ratings has assigned a ‘BB-‘ rating to Times China Holdings Limited’s (BB-/Stable) proposed US dollar senior notes. The proposed notes are rated at the same level as Times China’s senior …
China Eases Offshore Funding Limit for Foreign Banks
China’s central bank raised the limit on how much smaller lenders and foreign banks operating in the country can borrow offshore, a move that will ease a funding shortfall and give a push to expansion…
China Regulator Approves New Huarong President to Aid Overhaul
China Huarong Asset Management Co. is on track to get a new president in the shape of Liang Qiang, who currently heads another bad-debt manager, according to regulatory officials familiar with the …
What does Beijing’s new crackdown mean for cryptocurrency in China?
China, last Friday, cracked down on privately mined cryptocurrency that led to the market for Bitcoin fall down a cliff.
China’s central bank drops hammer on a lending firm after it marks client’s profession as a prostitute
A lending firm in China has been banned from accessing the national financial credit system after calling a client a prostitute in official documentation.
China Stock Market May Tick Higher Again On Thursday
The China stock market has finished higher in three straight sessions, advancing almost 110 points or 3.3 percent along the way. The Shanghai Composite Index now rests just above the 3,590-point …
China-EU investment deal: Beijing calls on France to help unfreeze debate, shelved over sanctions
Chinese commerce minister Wang Wentao made the request in a video call with French trade minister Franck Riester after the European Parliament halted discussions last week.
GOP senator miffed over busted deal seeks to block China bill
Mike Crapo (R-Idaho), the top-ranking Republican on the Senate Finance Committee, is rallying colleagues to block Senate Majority Leader Charles Schumer ’s (D-N.Y.) China bill because Schumer quashed …
China’s yuan rally fuels central bank debate on using currency appreciation to fight commodity price surge
A stronger yuan exchange rate against the US dollar would make commodity imports cheaper, but it would also make Chinese exporters less price competitive.
Fitch Affirms Beijing Future Science Park Development Group at ‘BBB’; Outlook Stable
Fitch Ratings has affirmed Beijing Future Science Park Development Group Co., Ltd.’s (BFSP) Long-Term Foreign- …
Exclusive: China bars banks from selling commodities-linked products to retail buyers – sources
China’s banking regulator has asked lenders to stop selling investment products linked to commodities futures to mom-and-pop buyers, three people with knowledge of the matter told Reuters, to curb …
Bitcoin mining set to wane in China as green concerns and financial risks see Beijing ramp up the pressure
China’s place at the centre of global bitcoin mining is fading as Beijing ramps up the pressure on heavy energy-use practices amid growing green ambitions and rising concerns over the financial risks …
