Stocks in nearly all of Asia kicked off the week with gains after Beijing said it would implement more powerful stimulus tools to fight what it called “unprecedented” economic challenges. The only … ( read…
Tagged By banking
FBI arrests Arkansas professor on fraud charges over financial ties to China
A professor at the University of Arkansas specializing in electrical engineering has been arrested by the FBI and charged with wire fraud after being accused of failing to tell federal authorities … ( read original…
No Second Wave In China As Economy Gains More Traction
Shanghai Disney is back in action. Roughly six weeks of lockdowns ended, China is getting back to normal life. ( read original story …)
Beijing adopts smart wristbands for real-time fever detection of students as schools reopen after coronavirus lockdown
As final-year students and their teachers in Beijing return to school for the first time since the coronavirus lockdowns, city authorities are adopting wearable smart technology to help prevent … ( read original story …)
China April new bank loans fall less than expected, money supply quickens
April new loans 1.7 trln yuan vs f’cast 1.4 trln yuan. April M2 money supply +11.1% y/y, vs f’cast of +10.2%. April TSF 3.09 trln yuan, vs f’cast 2 … ( read original story …)
China stainless steel hits nine-month high as domestic demand recovers
Chinese stainless steel futures surged on Monday, hitting their highest level in over nine months as domestic demand continued to pick up after coronavirus-related shutdowns. The most-traded stainless … ( read original story …)
China under pressure to write off loans as countries struggle to repay debt during coronavirus crisis
China could find itself having to write off massive loans as countries that owe Beijing money under its massive infrastructure project struggle with mounting debts. ( read original story …)
Asia stocks rise as China central bank hints at more support
Equities began the week on the front foot as signs of support measures from China’s central bank helped investors put to one side concerns that new coronavirus outbreaks could undermine efforts to … ( read…
The Billionaire Poker Club Behind China’s Most Indebted Developer
As billionaire Hui Ka Yan steers China’s most indebted real estate company through the worst economic slump in decades, he’s getting support from some familiar faces: his fellow property tycoons.Hui’s … ( read original story…
Asia-Pacific Shares Finish Week Mixed, but Upbeat Over Improving US-China Trade Relations
Pacific shares firm as news of top trade representatives of China and the United States holding phone talks calmed investors worried about simmering Sino-U.S. tensions … ( read original story …)
Will Rising Anti-China Sentiment in the U.S. Impact Israel’s Growing Ties with Beijing?
Unarguably, Israel, a small country, must be able to freely navigate a complex international order in a way it sees fit, while taking serious and meaningful steps to heed US concerns. ( read original story…
China issues rules for online bank lending
China’s banking and insurance regulator on Saturday issued draft rules on commercial banks’ online lending business, banning the use of such loans for riskier investments and capping banks’ online … ( read original story …)
As China-US Relations Sour, Could The Revamp Of P2P Lending Serve As An Alternative Investment Vehicle?
As tensions escalate between China and the US, some investors are looking for alternative investments to offset bearish trends. Markets have yet to recover from the fallout of COVID-19, and a Reuters … ( read…
