China’s more than $50 trillion financial services industry. Even a sliver can be lucrative. Not long ago Bloomberg Intelligence estimated that foreign banks and securities firms could be raking in … ( read original story…
Tagged By banking
China Biologic Reports Financial Results for the Third Quarter of 2020
PRNewswire/ — China Biologic Products Holdings, Inc. (NASDAQ: CBPO, “China Biologic” or the “Company”), a leading fully integrated … ( read original story …)
China Makes a Safe Space for Consumers. Will They Spend?
Earlier this month, China loosened restrictions on licensed consumer finance companies to enable lower provision coverage ratios. That would allow them to lend more, and help consumers borrow more. ( read original story …)
Biden’s America will be playing catch-up as China’s economy leaps forward
The pandemic might well bring forward the date at which China will overtake the US economy. Meanwhile, Trump’s policies are leaving Biden with a lot of diplomatic relationships to repair, even as … ( read…
China’s Li Sees Economy Returning to ‘Proper’ Range Next Year
China will likely return to a more “proper” range of economic development next year, Premier Li Keqiang said, indicating a strong rebound in growth after this year’s pandemic slump. ( read original story …)
China Economic Activity Can Return to Reasonable Range in 2021: Premier Li
Chinese Premier Li Keqiang said on Tuesday he expected that economic activity in the country can return to a reasonable range next year, after the impact of the coronavirus pandemic on growth in 2020. (…
The Ant Financial IPO Is Xi Jinping’s Latest Battle With Big Business
Chinese Premier Xi Jinping personally made the decision to block Ant Group’s IPO two weeks ago, according to The Wall Street Journal. The Chinese fintech’s public … ( read original story …)
China to boost financial cooperation with Singapore
China will strengthen cooperation with Singapore to promote greater financial connectivity, according to officials. ( read original story …)
Emerging Markets Outlook: China’s Economy Rebounds, But Equities Face Concentration Risk
The consumption side of the nation’s economy has played catch-up to the production side of the economy. While emerging-market economies outside of China still face some challenges, the overall outlook … ( read original story…
China regulator gives approval for Baoshang Bank to file for bankruptcy
China Banking and Insurance Regulatory Commission (CBIRC) said on Monday it had given its approval for Baoshang Bank to start bankruptcy proceedings, after the regulators took control of the lender in … ( read original…
China Online Education Grows After Further Investment
China Online Education has reported Q3 2020 financial results. The firm provides English language tutoring to K-12 students in China. ( read original story …)
Credit Stress Hurts New Money Going Into China’s Massive Infrastructure Project, Says Moody’s
The coronavirus pandemic has caused financial strains in many small economies participating in China’s Belt and Road Initiative, said Moody’s. ( read original story …)
China’s renminbi on course for record six-month run
China’s currency is set to record its best six months against the dollar on record as the country’s containment of coronavirus and economic recovery provide a competitive advantage investors expect … ( read original story…
