BEIJING (Reuters) – China’s banking and insurance regulator on Wednesday urged banks to continue increasing lending to smaller firms and further cut their financing costs, as policymakers work to aver… ( read original story …)
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After Italy, Malta says it’s considering joining China’s Belt and Road investment scheme
The White House has previously said Italy’s intention to potentially join with Beijing on the scheme could hurt its international reputation, according to the Financial Times. Another European country … ( read original story …)
China Stock Bulls Get Painful Wake-Up Call as 5G Trade Unravels
(Bloomberg) — China Mobile Ltd. just pulled the rug out from under one of the world’s hottest trades. Buying Chinese stocks related to 5G is no longer a slam dunk. Competition to supply China’s telec……
Monetary ‘glue’ bonds China and the US
Gideon Rachman warns that US-China tensions could escalate beyond trade and split the world into two geopolitical blocs, akin to a technological-economic cold war 2.0 (“The return of a two-bloc world” … ( read original…
China using ‘pay-day loan diplomacy’ in the Pacific: U.S. diplomat
SYDNEY (Reuters) – China’s is using “pay-day loan diplomacy … which the West says is needed to prevent the Pacific falling into financial distress and becoming susceptible to diplomatic … ( read original story …)
Ant Financial eyes listing on Shanghai tech board: report
Ant Financial, the financial services affiliate of China’s Alibaba Group, plans to go public on the new technology innovation board being established by the Shanghai Stock Exchange, according to a mai… ( read original story…
China Internet Nationwide Financial Services Inc. (CIFS) Can’t Burn Your Short Portfolio. Has Another Weak Session
The stock of China Internet Nationwide Financial Services Inc. (NASDAQ:CIFS) is a huge mover today! The stock decreased 6.71% or $0.22 during the last trading session, reaching $3.06. About 798,299 sh… ( read original story…
Saskatchewan farmers want more federal action on China canola impasse
SASKATOON — The organization that represents rural communities in Saskatchewan says Ottawa must do more to sort out a trade dispute with China that is affecting some Canadian canola exports. ( read original story …)
UPDATE 1-China should learn from Japan’s lost decade -former official
China would continue its financial sector reform and further open its markets to foreign investors, enabled in part by the increasing internationalisation of its currency, the yuan, he said. “After so … ( read original…
China Scrutinizes $43 Billion Pawn-Shop Lending Boom
(Bloomberg) — China’s pawn shops may be growing too big for their own good. Unlike their small-dollar lending, used-guitar selling peers in middle America, pawn shops in Asia’s largest economy have b… ( read original…
Brussels ramps up criticism of China’s investment strategy in EU
“China’s publicly stated reform ambitions should translate … Chinese investments overseas have contributed to economic growth but often “neglect socio-economic and financial sustainability”, because … ( read original story …)
WH official: US, China in ‘final weeks’ of trade talks
WASHINGTON — The top U.S. trade negotiator suggests that the U.S. and China are nearing an agreement that would … U.S. Trade Representative Robert Lighthizer told the Senate Finance Committee Tuesda… ( read original story…
China studying impact of rate overhaul on loan pricing – sources
SHANGHAI/BEIJING (Reuters) – Chinese financial regulators are studying … growing speculation over whether the People’s Bank of China (PBOC) will cut interest rates soon to support the slowing … ( read original story …)
