China modestly increased its holdings of US Treasury securities in May, the first in three months, despite rising trans-Pacific tensions and growing talk of a financial war between the world’s two … ( read original…
Tagged By banking
Beijing 2022 announce Yum China as retail food sponsor
Beijing 2022 has now signed 32 sponsoring enterprises including 10 official partners. Some of the largest names to back the Games include Bank of China, Air China, Tsingtao Beer and Yanjing Beer. ( read original…
China Plans Quarterly Look Into Banks’ Green Finance Performance
China will start reviewing how banks are performing in the green finance sector on a quarterly basis from next year, as the world’s second-largest economy steps up efforts to promote sustainable … ( read original…
Beijing Jawboning Boosts Fanhua And Its U.S. Listed Brethren
Wealth effects of bull market touted by Beijing political leadership, whipping up trading volume and prices of China stocks. Price comparisons of U.S. ( read original story …)
Standard Chartered to Add 1,600 Staff at New Bank Center in China
Standard Chartered Plc plans to add more than 1,600 staff over the next three years at a new center in southern China as the nation aims to transform the coastal region near Hong Kong into…
China’s central bank has better stimulus options than the Fed
Western depictions of the relative performance of the US Federal Reserve and the People’s Bank of China invariably present the former as sophisticated and proactive, while the latter is portrayed as … ( read original…
China’s Small Lenders Are Filling Up on Riskiest Bank Debt
(Bloomberg) — China’s cash-strapped small lenders are expanding their pile of the riskiest kind of bank debt to shore up their capital levels, bracing against an economic slowdown and rising loan … ( read original…
The Hong Kong Crackdown Is A Financial Disaster For China: Is It Time To Fire The CEO?
Xi Jinping’s move against Hong Kong is a financial disaster for China. Once the magic of Hong Kong’s status as global financial center — which was built up over two centuries – is gone, it…
China to connect interbank and exchange bond markets – central bank
China will connect its interbank and exchange bond markets, the People’s Bank of China said on Sunday, a move aimed at unifying segregated bond markets and facilitating monetary policy transmission … ( read original story…
China to offer more financial support for flood-hit areas
China’s banking and insurance regulator on Saturday announced measures to further increase credit and lending support and insurance protection for areas that suffered from recent floods. ( read original story …)
China’s regulators break down Xiao Jianhua’s financial empire, seizing Tomorrow Group’s insurers, trust firms and brokers
China’s financial regulators seized control of several insurers, trust firms and stock brokers linked to one of the country’s most powerful oligarchs, in a devastating blow against corporate … ( read original story …)
China Takes Over Companies Linked to Disappeared Financier
Chinese regulators will assume control of nine financial firms that are linked to a financier who was taken from a hotel in Hong Kong by Chinese authorities in 2017 and hasn’t been seen in public…
Apple doubles its retail space in Beijing
Apple has opened a store in Beijing replacing its original Chinese location with a shop that is twice the size. The front of the Apple Sanlitun store is dominated by 33-foot glass panels … (…
