Sichuan Trust last week apologised to investors for missing payments on its financial products due in part to the coronavirus outbreak and global economic downturn. ( read original story …)
Tagged By banking
China Stokes a Stock-Market Mania, Risking Repeat of 2015 Bubble
Chinese stocks extended their recent rapid climb, aided by an enthusiastic chorus from the nation’s influential state media.The CSI 300 Index jumped as much as 4.2% on Monday morning, the most since … ( read…
JGBs dip as China recovery hopes boost risk appetite
Investors are looking to the auction of 0.9 trillion yen ($8.36 billion) 30-year JGBs on Tuesday as a key test of investor appetite, the first auction of that maturity since the Ministry of Finance ……
China’s central bank skips reverse repos
BEIJING, July 6 (Xinhua) — The People’s Bank of China (PBOC), the country’s central bank, skipped open market operations via reverse repos on Monday. Liquidity in the banking system stays at a … ( read…
Beijing says it’s ‘strongly concerned’ by India’s decision to ban Chinese apps
Beijing is pushing back on a decision by India to ban dozens of Chinese mobile apps as tensions between the world’s most populous countries continue to rise. Zhao Lijian, a spokesperson for China’s … (…
U.S.-China financial decoupling “not happening” despite rhetoric: veteran China watcher
Containers of China COSCO Shipping Corporation Limited are seen at the Port of Long Beach in Los Angeles County, the United States, Feb. 27, 2019. (Xinhua/Li Ying) The best example of China’s … ( read…
Beijing unveils plan to foster blockchain deployment
Under the Beijing Blockchain Innovation Development Action Plan 2020-2022, it is expected the city will initially become an influential new highland for blockchain innovation, application … ( read original story …)
More Chinese residents want to increase consumption in Q2: central bank
More Chinese urban residents expressed enthusiasm about increasing their spending in the second quarter of this year, said a central bank survey. Among the 20,000 urban bank depositors surveyed in 50 … ( read original…
China’s demand for loans increases in Q2: central bank
A bank staff counts Chinese currency Renminbi banknotes at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING – China saw stronger overall demand for loans in the second quarter … ( read original…
Beijing flexes its muscles, but it can still be reined in
China’s new security laws for the once autonomous territory of Hong Kong are as aggressive as they are wide reaching … ( read original story …)
China Mobile Limited (CHL): Hedge Funds Never Been Less Bullish
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail … ( read…
China Bank Regulator Lists Firms It Says Violated Investor Rules
China’s banking and insurance regulator for the first time published names of companies that it alleges committed shareholder violations in the industry, warning investors against misbehavior as the … ( read original story …)
China has HSBC’s taipan in a vice with few options but to fall in line with the security law for Hong Kong in the bank’s biggest market
As a member of top Chinese political advisory body, HSBC’s Asia-Pacific CEO had to document his support for the highly controversial law, a source says. ( read original story …)
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