Fuelling the sell-off was a weekend report by the Global Times, a tabloid owned by the Chinese Communist Party, that HSBC may be sanctioned by Beijing for assisting the US in the investigations into ……
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Beijing propaganda is in favor of TikTok-Oracle deal so we should be wary: Expert
‘The Coming Collapse of China’ author Gordon Chang argues the U.S. should be concerned about China’s continued involvement in TikTok. ( read original story …)
Banking shares plummet on laundering allegations
Shares in major banks such as HSBC, Deutsche Bank and ING were hammered Monday following allegations they had handled huge sums of dirty money for almost 20 years. ( read original story …)
The Finance 202: Global banks process trillions in dirty money despite suspicions, investigation finds
Trillions of dollars in money connected to criminal activity are sloshing through global banks. The banks and U.S. authorities know it, and they’re not doing nearly enough to stop it. Support our … ( read…
Dow Futures Slump Amid Renewed US-China Tensions, European COVID Surge; Bank Stocks Tumble on Illicit Money Report
Wall Street looks to start the week in a cautious mood, with a raft of negative headlines from around the world hitting stock futures hard as the chances of a new economic stimulus deal fade…
China’s cabinet unveils steps to spur new forms of consumption
China’s cabinet on Monday issued guidelines to boost new types of consumption, including online shopping and payments, in a bid to support the recovery of the economy. New forms of consumption have … ( read…
Beijing sees digital currencies as ‘new battlefield’ in global finance
The People’s Bank of China is placing a strong emphasis on the geopolitical stakes of the country’s central bank digital currency development. An article published in the PBoC-run magazine China … ( read original story…
HSBC Shares Fall to 25-Year Low on China Fears, Banks Report
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 China expansion plans and increased … ( read…
China needs first mover advantage in digital currency race – PBOC magazine
China needs to become the first nation to issue a digital currency in its push to internationalise the yuan and reduce its dependence on the global dollar payment system, a commentary published by the ……
China rolls out fresh policies to boost hydrogen vehicle sales
China, the world’s biggest automobile market, rolled out fresh policies to support hydrogen fuel cell vehicles to improve the industry’s supply chain and technologies, the finance ministry said on … ( read original story …)
China’s ByteDance says TikTok will be its subsidiary under deal with Trump
China’s ByteDance said on Monday that TikTok’s global business will become its subsidiary, even as Oracle Corp and Walmart Inc said over the weekend that they and U.S. investors would own the majority … (…
China Keeps Lending Benchmark LPR Steady for Fifth Straight Month
China kept its benchmark lending rate for corporate and household loans steady for the fifth straight month at its September fixing on Monday, as expected. The one-year loan prime rate (LPR) was kept … (…
As Trump Squeezes China, Alipay’s Star Rises
Chinese consumers tap the fintech app to pay bills, order in restaurants, and book appointments. Now it’s preparing for an IPO that could value it at $200 billion. ( read original story …)
