Profits at China’s industrial firms in May rose 6% year-on-year to 582.3 billion yuan ($82.28 billion), the statistics bureau said on Sunday. For the first five months of 2020, industrial firms’ … ( read original…
Tagged By banking
Why China will emerge from COVID-19 stronger than the U.S.
As COVID-19 cases hit new highs in the U.S., it’s clear this scourge isn’t going away anytime soon. Besides all the short and medium term issues, another point to consider is the disease’s impact on…
National security law: could Japan or South Korea take Hong Kong’s finance crown?
Beijing, however, maintains the new law will restore stability to a city wracked by a year of anti-government protests that on several occasions descended into violence. Foreign firms have been … ( read original story…
It’s not just coronavirus: Why US-China relations are worsening on ‘almost every front’
Trump is holding on to this Phase One trade deal and it’s because he knows what it’s going to do to the markets if it blows up,” Ian Bremmer, founder & president of the Eurasia…
US Could Finance Non-Huawei Equipment
The United States is willing to help other countries finance purchases of next-generation telecom technology from Western providers so they can avoid Chinese tech giant Huawei, which Washington sees … ( read original story …)
Chinese bank requires foreign firm to install app with covert backdoor
Researchers from Trustwave, the security firm that made the discovery, have dubbed the backdoor GoldenSpy. With system-level privileges to a Windows computer, it connected to a control server located … ( read original story …)
Viewpoint: Taking the pulse of U.S.-China relations
During the global financial crisis of 2008-09 U.S. and Chinese leaders consulted closely on measures to revive the global economy. Not so today. But there’s also a counter-narrative. Most U.S. ( read original story …)
Global stocks follow Wall Street higher on bank news
Global stock markets followed Wall Street higher Friday after U.S. regulators removed some limits on banks’ ability to make investments. London and Frankfurt opened higher, while Tokyo, Seoul and … ( read original story …)
Asian stocks follow Wall Street higher on bank news
Asian stock markets have followed Wall Street higher after U.S. regulators removed some limits on the ability of banks to make investments … ( read original story …)
China Sanctions Risk, Fed Bank Caps, Japan Forecast Cut: Eco Day
Asia. Here’s the latest news and analysis from Bloomberg Economics to help get you through to the weekend: … ( read original story …)
China’s regulator gets tough on insider trading as it metes out record penalty on wrongdoers in the financial markets
China’s securities regulator slapped two individuals with a record fine for insider trading and confiscated their ill-gotten gains, meting out 3.6 billion yuan (US$508 million) of penalties in an … ( read original story …)
China Taps World Bank Official for U.S.-Facing Finance Post: Sources
Yang Yingming, who has been Executive Director for China at the World Bank in Washington since 2016, returns to the finance ministry months after Beijing and Washington completed … ( read original story …)
Pompeo says China’s Africa lending creates unsustainable debt burdens
U.S. Secretary of State Mike Pompeo on Wednesday blasted China’s policy on lending to African countries, reiterating Washington’s charges that it creates unsustainable debt burdens. China’s President … ( read original story …)
