China shares rose on Wednesday, led by gains in electric vehicle and healthcare stocks, as the central bank kept liquidity abundant to further support economic recovery from COVID-19. ( read original story …)
Tagged By banking
China’s Jack Ma emerges for first time since Ant crackdown
Billionaire founder of tech giants Alibaba and Ant Group had not been seen since regulators blocked Ant’s record IPO. ( read original story …)
TikTok for finance: ByteDance’s Douyin finds success in short videos about economics and wealth management
Amid declining growth in China’s short video industry, financial content is seeing rising popularity on Douyin, where 100 million people had engaged with such content by last November. ( read original story …)
China Outbound M&A Seen Driving Rebound in Loans This Year
Offshore loans in the Greater China region are expected to climb this year, driven by an increase in mergers and acquisitions, after falling to their lowest level in five years. ( read original story …)
Adviser to Five U.S. Presidents Expects China Tariffs to Remain
The upcoming inauguration of Joe Biden as president will allow the U.S. to reboot its relationship with China after a tumultuous four years under Donald Trump. What exactly will that mean for these … (…
Financial Regulation, Chinese Style (And Where Is Jack Ma?)
China doesn’t fool around when it comes to financial regulation. On January 5, a Chinese court sentenced a senior finance industry executive to death. He was guilty – in the words of the court –of…
Why China plans to tax the booming digital economy
Now that digital commerce accounts for more than a third of its economy, China is looking for ways to more effectively tax domestic e-commerce titans like Alibaba, Tencent and Didi Chuxing. It’s a … (…
Shares climb on China’s economic recovery, with earnings in focus
Asian shares climbed on Tuesday as investors wagered China’s economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the … ( read original…
China-EU deal boosts Beijing’s goals to stay in global tech scene but rely on the U.S. less, professor says
Experts have said that tension between the U.S. and China fosters disconnect between the technology development in both countries. ( read original story …)
China seen keeping lending benchmark unchanged for 9th month in January
China’s benchmark lending rate is likely to remain unchanged at the first monthly fixing of the year on Wednesday, steady for the ninth straight month, as the economy recovers from the coronavirus … ( read…
China’s Market Regulator Approves Cisco Buy of Acacia, With Some Curbs
China’s market regulator said on Tuesday it has approved plans for Cisco Systems Inc’s. purchase of Acacia Communications Inc, as long as both comply with a set of conditions. (Reporting by Josh … ( read…
China Top Financial Watchdog Blasts ‘State Monopoly’ Accusation
China’s top financial regulator dismissed claims the nation is distorting its economy through “state monopoly capitalism” as pressure grows on China to align more with global trade rules. ( read original story …)
China is the world’s economic powerhouse
China is the world’s economic powerhouse with its gross domestic product increasing 6.5 per cent year on year in the fourth quarter of 2020 in contrast to all other major economies … ( read original…
