Fears and concerns over a second wave of coronavirus infections are growing in Beijing and threatening an economic recovery. A wholesale market has been shut and nearby housing districts are under … ( read original…
Tagged By banking
The Great Decoupling? What’s Next for U.S.-China Rift
In terms of economic relations, the U.S. and China have been coupling up for decades. So much so that they became the biggest trading partners on the planet from 2014. But now, amid trade and…
FOREX-Aussie and kiwi down early after new virus cases in Beijing
The Australian and New Zealand dollars fell against their U.S. counterpart on Monday after fears of a second wave of the coronavirus in Beijing prompted investors to sell currencies sensitive to risk. ( read original…
China Official Sees Beijing Risk; Tokyo Cases Rise: Virus Update
A jump in cases in Beijing raised fears of a resurgence of the pandemic in China, while Tokyo also saw infections climb. ( read original story …)
RPT-China reports 49 new COVID-19 cases for June 14; 36 in Beijing
Mainland China reported 49 new confirmed COVID-19 cases for June 14, down from 57 a day earlier, the national health authority said on Monday. The National Health Commission (NHC) said in a statement … (…
China Adds Funds to Banking System to Avoid Liquidity Shortage
China injected liquidity to the financial system by offering medium-term loans to banks, in the government’s latest effort to avoid a funding crunch this month. It kept interest rates on the loans … ( read…
China cbank injects 200 bln yuan via MLF, keeping rate unchanged for 2nd month
China’s central bank on Monday rolled over some maturing medium-term loans while keeping interest rates unchanged for the second straight month in a row. ( read original story …)
Why China Is Missing Out on Trillions in Sustainable Investment
(Bloomberg) — Every Thursday at 9:00 p.m. for the past two years, around a dozen Chinese finance veterans and regulators have held a video call to talk about pushing the nation’s companies to meet ……
A Best-in-Class ETF to Gain Exposure to China
Careful scanning of the market and macro-level developments reveals one fund that could weather the storm well and deliver attractive returns to investors: the iShares China Large-Cap ETF (FXI). In … ( read original story…
King Dollar Is a Deadly but Dangerous Trump Card in U.S.-China Fight
If the U.S. chooses to, it could seriously damage China in the financial realm—and China has little capacity to retaliate. Using such powerful tools carries risks, however. ( read original story …)
Beijing Locks Down Part of City After Virus Outbreak at Market
Beijing shuttered the city’s largest fruit and vegetable supply center and locked down nearby housing districts as dozens of people associated with the wholesale market tested positive for the … ( read original story …)
American Express Scores China Go-Ahead In Milestone Moment
American Express (AXP) has announced that its joint-venture in mainland China has received approval from the People’s Bank of China (PBOC) for a network clearing license.This makes American Express … ( read original story …)
Beijing district in ‘wartime emergency mode’ after spike in local Covid-19 cases
Beijing’s Fengtai district has launched “wartime-like control measures” following a spike in novel coronavirus cases centred around a major wholesale market called Xinfadi. All six confirmed Covid-19 … ( read original story …)
