HONG KONG, Feb 27 (Reuters) – Standard Chartered (STAN.L), opens new tab has suspended new subscriptions by its clients in China into offshore products via a quota-based channel since last week, the …
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China Says Hong Kong’s ‘One Country, Two Systems’ Is Permanent, SCMP Reports
China’s top official in charge of Hong Kong said the city’s governing principle of “one country, two systems” will be kept as a “permanent feature,” South China Morning Post reported.
China Has Expressed Opposition to US Sanctions on Chinese Companies Due to Their Russia-related Reasons
The Chinese Ministry of Commerce issued a statement on Monday strongly opposing the United States’ imposition of sanctions on Chinese enterprises for reasons related to Russia. The ministry emphasized …
Ant Group Has Outbid Citadel for the Remnants of Credit Suisse’s China Investment Bank Venture, in a Showdown Between Jack Ma and Ken Griffin
The bid by a fintech giant backed by Jack Ma to establish a securities business using Credit Suisse’s operations will undergo a thorough review due to China’s preference for a foreign buyer, according …
Restructuring specialists boost Hong Kong staff as China property crisis stokes demand
Global restructuring specialists Alvarez & Marsal and Houlihan Lokey have boosted headcount in Hong Kong as China’s property crisis results in a surge in debt restructuring deals – making them a rare …
Financial flows to Russia are drying up as global banks fear losing access to the US dollar, Treasury official says
The threat of secondary sanctions are working, Deputy Treasury Secretary Wally Adeyemo told Reuters. Finance flows to Russia have withered as global institutions don’t want to lose dollar access. That …
China’s economy is unravelling at a pace previously thought unimaginable. Where does that leave Australia?
After China’s property market implosion, there are growing fears its banking and financial system may be impacted too. It’s further proof that China’s economy is unravelling at a pace previously …
US Chamber of Commerce chief visiting China this week, spokesperson says
Meetings between U.S. Treasury and Chinese financial officials in Beijing in January concluded … that Treasury Secretary Janet Yellen looked forward to a return visit to China at an “appropriate …
Beijing attaches ‘great importance’ to Hong Kong as country’s global finance hub, Xia Baolong tells local regulators
Treasury minister Christopher Hui says Xia Baolong, Beijing’s point man for Hong Kong affairs, also called for greater focus on city’s offshore renminbi market Xia also used meeting with finance …
Chinese investment bank joins chorus of experts as calls for fiscal stimulus intensify
In a recent research report, China International Capital Corporation determined a direct fiscal stimulus is the best course of action for economic growth this year, after several rounds of credit …
Beijing attaches ‘great importance’ to Hong Kong as country’s global financial hub, Xia Baolong tells local regulators
Treasury minister Christopher Hui says Xia Baolong, Beijing’s point man for Hong Kong affairs, also called for greater focus on city’s offshore renminbi market.
Jack Ma vs. Ken Griffin: Ant Group outbids Citadel for the remains of Credit Suisse’s China investment bank venture
The bid from Ant Group for Credit Suisse’s investment bank in China will likely be scrutinized closely by Beijing. CFOTO—Future Publishing via Getty Images Ant Group Co. outbid Citadel Securities LLC …
China Is Stockpiling for the Next Phase of the Chip Wars
Ahead of real conflicts, countries stockpile ammunition and fuel. Chinese companies are busy stockpiling chip-making equipment parts. That has brought huge bounty to Western and Japanese vendors—but …
