Chinese stocks closed higher on Tuesday with tech shares leading the gains, buoyed by hopes of a sustained domestic economic recovery. ( read original story …)
Tagged By banking
China and world at risk of financial turmoil greater than 2008 crisis, ex-finance minister warns
Extent of China’s V-shaped economic recovery will ultimately depend on the performance of the global economy, and the ongoing wave of anti-globalisation is cause for alarm in the near-term, Lou Jiwei … ( read original…
China’s central bank to better support real economy
China’s central bank has pledged to step up support for the real economy amid efforts to further lower lending rates and financing costs via reform. The People’s Bank of China (PBOC) will work to make…
Beijing Cautiously Ramps Up Belt-And-Road Dreams In Pakistan, Afghanistan
After a summer of important deals and maneuvers, China is rejuvenating its economic and political footprint in South Asia. ( read original story …)
Beijing Fourth Intermediate People’s Court Issues Judgement Against Sinobioway Medicine and Mr. Aihua Pan
Sinovac Biotech Ltd. (NASDAQ:SVA) (“Sinovac” or the “Company”), a leading provider of biopharmaceutical products in China, announced today that the Fourth Intermediate People’s Court of Beijing (“Beij … ( read original story …)
Futures Bounce as China Industrial Profits Rise
U.S. stock index futures rose on Monday as hopes of a global economic recovery were supported by data showing continued growth in China’s industrial profits, while beaten down shares of banking and … ( read…
China c.bank says it will keep liquidity ample, lower funding costs
China’s central bank said on Monday it will keep liquidity reasonably ample and guide financing costs lower. The People’s Bank of China will make monetary policy more flexible and targeted, the bank … ( read…
Beijing unveils new protections for health emergency whistleblowers
China’s capital Beijing will protect whistleblowers who disclose information about public health emergencies, it said on Sunday, part of the country’s efforts to fix some of the systemic faults that … ( read original story…
Beijing Restricts Frozen Food Import From High-Risk Covid Places
The Beijing city government on Monday told companies to avoid importing frozen food from high-risk nations, without naming any. The order comes after China found its first local asymptomatic … ( read original story …)
European Stocks Jump After China Data, Banking Rebound
Banking stocks gained 3.6%, bouncing off all-time lows hit last week. ArcelorMittal SA rose 8% after Cleveland-Cliffs agreed to buy the U.S. assets of the steelmaker for about $1.4 billion. ( read original story …)
The financial risks facing China’s banking sector and the Government
In an article entitled “Revisiting China’s Financial Asset Structure and Policy Implications”, Yi Gang, Governor of the People’s Bank of China (PBOC), analyzed the changes in China’s financial asset … ( read original story …)
China’s Factory Activity Likely Grew at Slightly Faster Pace in September: Reuters Poll
China’s manufacturing PMI indices may start to level off in September on softening industrial metals prices and with a survey by Standard Chartered showing new orders and output w … ( read original story …)
Beijing asks frozen food importers to shun countries with severe coronavirus
China’s capital called on importers on Monday to shun frozen food from countries suffering from severe novel coronavirus outbreaks after several cases of imported seafood products testing positive for … ( read original story …)
