Despite the charges of financial impropriety leveled against … during the peak of the coronavirus outbreak in China. He referred to Xi obliquely as “a clown who stripped naked and insisted … ( read original…
Tagged By banking
Beijing woos global bond investors by making it easier to get money in and out of China
We expect a re-acceleration of two-way capital account opening and redenomination of trade and investment Standard Chartered Bank analysis Beijing’s new move will appeal to global bond investors … ( read original story …)
China should raise costs to deter speculative foreign money – People’s Daily
China should raise the costs of short-term, cross-border money flows to buffer its financial markets from speculative capital, said Zhu Min, head of the National Institute of Financial Research at … ( read original story…
China says it will step up financial support for supply chains
China will step up financial support for its supply chains, according to guidelines issued by the central bank and other state agencies on Tuesday. ( read original story …)
Choppy few months ahead for China markets, but next year will be ‘pretty good’: UBS
UBS Head of China Strategy Wendy Liu says that political risks from … Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market ……
China Eyes ‘New Battlefield’ In Looming Showdown Over U.S. Dollar Dominance
The race for control of the digitization of international finance is just beginning but it’s a race China seems determined to win. China is poised to roll out its closely-watched and long-awaited … ( read…
Beijing unlikely to approve Oracle, Walmart’s TikTok deal: Global Times
SHANGHAI (Reuters) – Beijing is unlikely to approve an “unfair” deal Oracle Corp and Walmart Inc said they have struck with ByteDance over the future of video-streaming app TikTok, state-backed … ( read original story…
Nonghyup Bank files for approval of Beijing branch
Major South Korean lender Nonghyup Bank has applied for China’s approval to open a branch in Beijing as part of its Asian push, industry sources said Tuesday. Nonghyup Bank, which lodged the … ( read…
China Fines Luckin Coffee, Associated Firms Combined $9 Million
China’s finance ministry said earlier this year that Luckin booked 2.25 billion of sales through fake coupons from April 2019 to end of 2019. The ministry’s investigation also found that Luckin … ( read original…
Credit Suisse, UBS Fight for China Bankers in Growing Talent War
(Bloomberg) — A battle for financial talent is intensifying in China, one of the few places worldwide where global banks are firmly in hiring mode. Credit Suisse Group AG this month hired a dozen ……
China Eyes Quick and Loose Carbon Market Start as Deadline Looms
(Bloomberg) — In a rush to start the world’s biggest carbon market, China is looking to have a more lax approach to emissions rather than cut greenhouse gases in the short-term. Under pressure … (…
China’s property developers seek to dodge new rules with shift of debt off balance sheets
China is tackling unbridled borrowing in the real estate development sector anew with caps for debt ratios. Dubbed “the three red lines”, Chinese regulators outlined caps for debt-to-cash, debt-to-ass … ( read original story …)
HSBC, Deutsche Bank Lead Bank Stock Sell-Off Following Money Laundering Allegations, Potential China Blacklist
HSBC Holdings plc (NYSE: HSBC) shares dropped more than 6% on Monday following reports the bank was involved in large-scale money laundering over a period of nearly two decades.Investors in HSBC and t … (…
