US President Joe Biden’s US$1.9 trillion American Rescue Plan received final approval from the US Congress on Wednesday, but concerns have been raised about its potential to cause further financial … ( read original story…
Tagged By banking
China Stock Market Has Solid Lead For Friday’s Trade
The China stock market on Thursday wrote a finish to the five-day slide in which it had retreated more than 210 points or 6.3 percent. The Shanghai Composite index now sits just beneath the ……
China’s $1 Trillion Stock Rout Pinned on Panicky Fund Investors
As China’s stock market stabilizes after a $1.3 trillion rout, it’s becoming clear that the mutual fund industry is being put at the center of the turbulence. ( read original story …)
Beijing chokes on smog as China tries to balance industrial recovery and greener growth
Beijing has set ambitious green targets in its 14th five-year plan but they are in contrast to continued investment in fossil fuels, say environmentalists. ( read original story …)
China’s Jaded Techies Find a Hero in Elon Musk
The Tesla boss and digital prankster is striking a chord at a time of disillusionment with the tech industry and its leading tycoons. ( read original story …)
GoHigh Teams with Jinmao, Beijing Capital to Buy Former Kuaishou HQ for $410M
GoHigh Capital says that it bought Block D of the Qidi Science and Technology complex in Tsinghua Science and Technology Park. ( read original story …)
China approves plan to veto Hong Kong election candidates
China’s rubber-stamp parliament voted Thursday for sweeping changes to Hong Kong’s electoral system – including powers to veto candidates – as Beijing moves to ensure only “patriots” run the city … ( read original story…
Michael Pettis on Persistent Imbalances in Post-Pandemic China
Hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics. By some measures, the Chinese economy did better in 2020 than just about … (…
China’s central bank to focus on continuity, no major policy shifts
The People’s Bank of China, the central bank, will not make any major policy shifts this year and will instead deploy more financial resources to support the real economy, a senior official said ahead ……
ANZ Bank to Shift Roles, Cut Jobs at Service Center in China
Australia & New Zealand Banking Group Ltd. plans to cut jobs at a service center in China, shifting some of the positions to India, the Philippines and Australia as part of a global restructuring. (…
A tough-on-China GOP is split on whether to boycott the China Olympics
Some Republicans want to pull out, but others say there are better ways to highlight Beijing’s human rights abuses. ( read original story …)
China turns its back on Bangladesh BRI coal projects
Beijing decision a rare signal of its hesitancy to fund polluting projects as part of the Belt and Road Initiative … ( read original story …)
China Lawmakers Wrap Whirlwind Session Focused on Managing Risks
China will bring its biggest annual political gathering to a close, with Premier Li Keqiang’s once-a-year news briefing in focus, along with a series of votes on Hong Kong that could stoke tensions … (…
