While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with…
Tagged By banking
China’s Most Strained Relations Are With Its Most Valuable Trading Partners
A new study shows that the countries most soured on China are also its most important trading partners. Something has to give. ( read original story …)
How to Open a Bank Account in China: New Requirements amid COVID-19
We address key concerns on how to open a bank account in China for newly formed companies, amid tighter KYC scrutiny after COVID-19 and the travel ban. ( read original story …)
Investors Are Swiping Left on the “Tinder of China”
Several analysts downgraded Momo after the dismal report, which indicated the “Tinder of China” was stuck in a rut as bigger Chinese tech companies continued to outperform the market. Let’s see why … ( read original…
China stocks end higher as financials lend support
China stocks closed higher on Tuesday, supported by heavyweight financials firms as investors sought opportunities in cheap shares, though persistent Sino-U.S. tensions weighed on the market. ( read original story …)
China’s new yuan loans set to rise in Aug, keep economy on recovery path: Reuters poll
China’s new bank loans are expected to have risen in August from the previous month, as the central bank sought to keep liquidity flush to support embattled smaller companies and backstop an economy … (…
China’s financial sector accelerates opening up amid pandemic
Though the global financial sector is facing challenges amid the COVID-19 pandemic, China has continued to accelerate the opening up of its financial sector. “If a Chinese company sells its products … ( read original…
POLL-China’s new yuan loans set to rise in Aug, keep economy on recovery path
China’s new bank loans are expected to have risen in August from the previous month, as the central bank sought to keep liquidity flush to support embattled smaller companies and backstop an economy … (…
Financial Review, ABC journalists forced out of China
The China correspondents for The Australian Financial Review and the Australian Broadcasting Corporation spent five days under protection in Australian diplomatic missions after police visited their … ( read original story …)
Two Australian journalists rushed out of China over arrest fears
Two Australian journalists were rushed out of China overnight after Chinese police sought to question them, their employers said Tuesday. ( read original story …)
NGMEX Has Signed A Memorandum of Understanding with A Leading Commercial Bank in China
The two entities will maintain and reinforce the further strengthening of their business relationship. “We are pleased to partner with one of the leading Chinese commercial banks and the official … ( read original story…
How China’s Top Broker Tamed the ‘Insane Asylum’ of Hong Kong Finance
Chinese investment bank Citic Securities is remaking Hong Kong brokerage CLSA in its own image, in a microcosm of how the Asian financial hub is changing. ( read original story …)
Despite virus setback, investors may chase office realty in Beijing
Qiao Jian/For China Daily] Declining rent levels and increasing investable assets in Beijing’s office realty market caused by COVID-19 will offer a window of opportunity for investment in the next … ( read original story…
