Newly signed memorandum of understanding between Chinese steel mill and Australian miner will see US$15 million spent over three years on research to reduce harmful carbon emissions. ( read original story …)
Tagged By banking
US-China relations: investment environment improving for American firms, AmCham survey shows
Only 12 per cent of the 345 US firms surveyed by the American Chamber of Commerce in China said the investment environment was deteriorating, the lowest proportion since the question was first … ( read…
China Plans New State Pension Firm as Population Ages
China plans to create a new state-owned pension firm to tackle a massive funding gap as the world’s largest population struggles to finance retirement despite decades of economic growth. ( read original story …)
China’s Central Bank to Step Up Efforts to Curb Financial Risks
China’s central bank will take measures to prevent systemic financial risks from building in the economy as the recovery takes hold, Deputy Governor Chen Yulu said. Laying out priorities for the next … ( read…
China learns lesson from Hong Kong’s housing policy, with Beijing keen to avoid same damage to society
The land auction and property development system in China is a direct descendant of Hong Kong’s. The system, in which the government sells land to developers so they can build homes, has supported … (…
China Stock Market Tipped To Snap Losing Streak
The China stock market has moved lower in three straight sessions, surrendering more than 150 points or 4.5 percent in that span. The Shanghai Composite index now sits just above the 3,420-point … ( read…
China GDP: Beijing cites ‘policy flexibility’ as reason for dropping specific growth target for 14th five-year plan
China has for the first time abandoned an overall economic growth target in its next five-year plan to provide the government flexibility to cope with risks at home and abroad, the country’s top … (…
Chinese Tech Stocks Sell Off Hard as Beijing Pulls Away Punch
The index of major Chinese technology companies listed in Hong Kong has given up 20.5% of its value in less than a month. ( read original story …)
POLL-China’s new yuan loans seen falling in Feb as c.bank cools credit growth
Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=CNMSM2%3DECI money supply poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=CNNYL%3DECI new loans poll data BEIJING, March 8 … ( read original story …)
China toughens crackdown on financial crimes
BEIJING — China’s judicial and procuratorial organs stepped up efforts in 2020 to crack down upon financial crimes and offences to provide legal guarantees for the finance sector, according to work … ( read original…
The green finance challenge facing China’s banks
The vast majority of Chinese financial institutions lack knowledge of climate risks and the opportunities of carbon finance.. Read more at straitstimes.com. ( read original story …)
China is among ‘most active’ markets for mergers, Deutsche Bank top banker says
Transaction sizes are smaller, but the number of deals in Asia has picked up significantly compared with the start of 2020, according to Deutsche Bank’s Mayooran Elalingam. ( read original story …)
Beijing accuses Canberra of ‘reckless obstruction’, warns of trade impact
Beijing has accused Australia of “reckless obstruction” and warned its products are in the crosshairs of Chinese consumers. ( read original story …)
