Ant Group has passed muster for a Shanghai IPO on the STAR Market, which soon should see its first index-tracking exchange traded funds. ( read original story …)
Tagged By banking
As China Ages, a Push to Add Elevators Offers a New Kind of Economic Relief
China’s premier wants to retrofit three million older apartment buildings all over the country, but he still needs political buy-in at the top. ( read original story …)
China Wants to Be Carbon Neutral By 2060. Is That Possible?
President Xi Jinping’s surprise announcement that China plans to go carbon-neutral by 2060 has left many questions, none more important than: “How?” … ( read original story …)
China’s state media denounce TikTok deal as ‘dirty and unfair’
Chinese state media have denounced ByteDance’s deal with Oracle and Walmart as “dirty and unfair”, saying Beijing had “no reason” to approve the agreement backed by Donald Trump. Editorials published … ( read original story…
Explainer: Foreign access to China’s $16 trillion bond market
Index provider FTSE Russell is set to decide on whether to include Chinese government bonds in its World Government Bond Index on Thursday, potentially opening the way for more foreign participation … ( read original…
As China opens services sector, overseas businesses are invited to sell anti-censorship tools — but only to other foreign companies
Move will allow overseas operators to hold 50% stakes in joint ventures with Chinese firms to supply VPNs to foreign companies in Beijing. ( read original story …)
China Will Boost Investment in Strategic Industries: State Planner
China will accelerate development of new materials to ensure stable supply chains for aircraft, microelectronic manufacturing and deep-sea mining sectors, the National Development and Reform … ( read original story …)
China’s property developers seek to dodge new rules with shift of debt
China is tackling unbridled borrowing in the real estate development sector anew with caps for debt ratios. But sources at developers say a rush to get around the rules by moving more debt off balance…
China fines Luckin Coffee and linked firms a total of $9 million
China’s markets regulator said on Tuesday it has fined a group of 45 firms, including Luckin Coffee, a combined 61 million yuan ($8.98 million) for acts linked to Luckin’s falsification of financial … ( read…
HSBC shares plunge to 25-year low on banks report, China fears
HSBC Holdings Plc slumped below its financial crisis low set more than a decade ago as pressures mount on several fronts including a potential threat to its expansion plans in China. The London-based … (…
China’s Battered Banks Are Dodging Bailouts With Stealth Mergers
The financial backing for this will largely come through debt. China is allowing local governments to use about 200 billion yuan from bond sales to help smaller banks shore up their capital, while the ……
Will U.S.-China tensions have a material impact on client portfolios?
With the improving U.S. COVID-19 outlook, many analysts attributed the sell-off to souring U.S.-China relations. Other market watchers say continued tension will lead to financial decoupling, which … ( read original story …)
Times China: 1H 2020 Earnings Disappointed On Gross Margin Contraction
Times China’s financial performance in 1H 2020 was disappointing, with its revenue and adjusted net profit down by -6% and -9%, respectively. Times China’s earnings growth is likely to slow … ( read original story…
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