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 …)
Tagged By banking
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 …)
Op-ed: A new global arms race in digital finance is heating up
The world’s biggest financial institutions and central banks are getting serious about a monetary system leveraging cryptocurrencies and the blockchain. ( read original story …)
China considers establishing Beijing Financial Court
China is looking into establishing the Beijing Financial Court in a bid to improve the country’s judicial system for finance-related cases and ensure a sound law environment for relevant sectors. A … ( read original…
China jobs market still seen as weak, unstable even as unemployment rate returns to pre-coronavirus level
China’s official surveyed unemployment rate came in at 5.2 per cent in December, the same as in 2019, and a far cry from February’s reading of 6.2 per cent. ( read original story …)
