… t have enough charging stations—and China’s biggest ride-hailing giant Didi Chuxing could end up competing with its backer, Ant Financial, to get users to them. Last week, Alipay, the all … ( read original…
Tagged By banking
Beijing eases short-term liquidity for smaller financial firms, orders fifth brokerage in a week to lift fundraising quota
Shenzhen-based brokerage GF Securities said on Monday it had been asked to lift the quota on short-term fundraising by Beijing, a move that may boost lending to smaller financial firms. “The company … ( read…
China says US, China should make compromises in trade talks
China and the United States last week said they were reviving talks ahead of this week’s meeting between presidents Donald Trump and Xi Jinping, cheering financial markets hoping for a de-escalation … ( read original…
Hong Kong’s relationship with Beijing has been changed forever
The relationship between the people of Hong Kong and Beijing has changed forever. Hong Kong has not gone according to Beijing’s playbook. While no evidence supports the view that Chief Executive … ( read original…
Rodrigo Duterte thought he had an understanding with Beijing, then came the Reed Bank collision
“Just when I thought I was out, they pull me back in,” Michael Corleone famously says in The Godfather Part III as he realises that seemingly resolved problems have returned with a vengeance. In many…
Vanguard’s tie-up with Ant Financial targets Chinese investment market
Vanguard and Ant Financial have formed an intriguing partnership that allies … International asset managers are racing to strengthen their operations in mainland China, where the pool of assets is … ( read original story…
Minority senators warn against joint probe on Recto Bank incident
President Rodrigo Duterte has agreed to Beijing’s suggestion of a joint investigaton in to … that the joint investigation would “determine what really transpired in Recto Bank and find a … ( read original story…
China No Match For Japan in Southeast Asia Infrastructure Race
(Bloomberg) — Japan is still winning the Southeast Asia infrastructure race against China, with pending projects worth almost one and a half times its rival, according to the latest data from Fitch … ( read…
CEO Daily: From Beijing to Osaka, via Pyongyang
Financial Times China’s poker face … NPR Rewriting history. Beijing is banning certain AP History tests provided by a U.S. non-profit, starting from 2020. China’s Ministry of Education … ( read original story …)
Small, medium-sized financial firms vulnerable to cyberattacks, says report
“Banks and other financial institutions are expanding and digitizing their … saying it questions to the wisdom of using communications technology produced in China. Artificial intelligence and … ( read original story …)
The Finance 202: Stock market high threatens to send Trump the wrong message on China
The lesson of past presidential elections is that bashing Beijing is a vote-winning strategy with few … “Investors are now really banking on the G-20 summit.” You are reading The Finance 202, our … (…
China Investors Snap Up Hong Kong Shares of Two Homegrown Banks
Two of China’s biggest banks have suddenly become the favorite Hong Kong equities of mainland investors. Shares of Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp. account … ( read original…
Baoshang failure takes a toll in China’s interbank markets as contagion fears grow
Around the same time, Great Wall West China Bank, a regional lender in Sichuan province, set out to sell negotiable certificates of deposit (NCDs) – usually a routine fundraising tool for small … ( read…
