RMB loans to micro, small and self-employed businesses, farmers’ production and people living in poverty, as well as venture guarantee loans and student loans, increased about 145.47 billion U.S. ( read original story …)
Tagged By banking
China’s Digital Currency Takes Shape; Will It Challenge Dollar?
For two days in a row last week, amid coronavirus-related market meltdowns, a group of stocks on China’s main exchange moved so significantly that they triggered automatic circuit-breakers designed to … ( read original story…
Asia Cement (China) Holdings (HKG:743) Could Easily Take On More Debt
The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he … ( read original story …)
Global military spending saw largest increase in decade in 2019; China, India in top 3: Study
PTI Global military spending saw largest increase in decade in 2019; China, India in top 3: Study . Global military expenditure at 3.6 per cent saw its largest annual spike in … ( read original…
Newly revealed financial records show Trump owes millions to state-owned bank in China: report
Trump claims China would “own” the U.S. if Biden wins, but he’s on the hook for millions — and the due date is 2022 … ( read original story …)
China Firms Halt Dividends, Sell Equity to Ride Out Pandemic
In this era of pandemic uncertainty, Chinese and Hong Kong-listed firms have come to one consensus on how to best survive it: sit on their wallets and preserve cash.They are retaining profits instead … (…
China Industrial Firms’ March Profits Fall 34.9% Year-On-Year
March, industrial firms’ profits fell 36.7% on an annual basis to 781.45 billion yuan. Liabilities at industrial firms rose 5.4% on year at end-March, versus a 5.3% increase as of end-February. The … ( read…
China’s industrial firms’ profits contract in March but at slower pace
Profits at China’s industrial firms fell in March although at a slower pace than in the first two months, with many sectors seeing significant declines, suggesting the economy is still struggling to … ( read…
Bank of China Clients Said to Lose $1 Billion on Oil Bets
Bank of China Ltd.’s estimate for the carnage to retail investors from the collapse in a product linked to U.S. crude oil futures surged 11-fold to more than 7 billion yuan ($1 billion) as it…
China’s Bank Bailouts Are Even Scarier Than They Look
Acknowledging the growing balance sheet problems among small and medium lenders, China’s banking and insurance regulator says it’s working on a reform plan and will become more vigilant about … ( read original story …)
Asia Today: China reports 11 new virus cases, no deaths
China on Sunday confirmed 11 more cases of the coronavirus and no new deaths for the 11th day in a row. Five of the new cases were in Heilongjiang province, a northeastern border area with…
Trump owed tens of millions to Bank of China
This article and headline were updated to include comment from the Bank of China and additional reporting. Donald Trump is warning “China will own the United States” if Joe Biden is elected president. ( read…
Trump attack on Biden highlights president’s own financial dealings with China
Trump Organisation’s far-flung real estate business has involved dealings with Chinese state-owned firms on several occasions … ( read original story …)
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