As always, we take speculation out of China with a grain of salt, but we’re encouraged by news surrounding BioNTech’s mRNA Covid vaccine there.
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China Life Insurance to reclassify financial assets
China Life Insurance Co (中國人壽) yesterday said it would reclassify its financial assets under the International Financial Reporting Standards 9 (IFRS 9) to improve its financial strength, following in …
3 takeaways from our daily meeting: Equities mixed, hopes for China reopening, buying Coterra
Club stocks soar on China news Investor hopes that China could loosen its … Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and …
China tells local officials to take stock of their idle, underused state assets to alleviate economic pains
Fresh guidelines are intended to help improve the financial conditions of local-level governments across China Whether it has the intended effect remains to be seen, but analysts say the directive …
The week in review: China PMI records worst print since June’s re-opening
This is] the worst print since June’s re-opening,” according to a note from Nomura on Monday. “Weakening external demand, worsening lockdowns and the property fallout disrupted the recovery of the …
We scrutinize ‘every single little news’ for hints about China’s reopening: Deutsche Bank
Stefanie Holtze-Jen of the investment bank says she doesn’t think China will reopen that soon, but “the market seems to think if there’s smoke, there must be fire.” …
China’s market is for long-term investors, says UBP
Vey Sern Ling of UBP discusses the outlook for China markets, and says that current markets are “depressed” but there could be an upside in the longer term.
McDonald’s China Lines Up $2 Billion in Bank Loans
The operator of McDonald’s restaurants in China has raised about $2 billion in bank loans to free up liquidity that will help operate the business, according to people familiar with the matter, as the …
If We Want Lithium, Let China Finance It
The Asian nation has built world-class refining and electric-vehicle capabilities. Canada can keep Chinese investment dollars without losing control of critical minerals.
China Bank netted P 14.7B in first 9 months
China Banking Corp. booked higher profits in the first nine months of the year as its core lending business remained resilient despite looming concerns over an economic slowdown. China …
Fed ends enforcement action against one of China’s Big Four banks
The central bank terminated a cease-and-desist order issued against the Agricultural Bank of China and its New York branch in 2016 for breaking anti-money-laundering rules.
Biden must oppose pro-China candidate to run international bank, Gallagher says
A leading Republican China hawk is calling on the Biden administration to oppose the candidacy of a Beijing-friendly candidate to lead the Inter-American Development Bank amid the Chinese government’s …
China Focus releases a new feature on China’s New Economy Takes Off
China Focus releases a new feature on China’s New Economy Takes Off. The feature is contributed by Michael Zakkour, founder and CEO of U.S.-based consulting firms 5 New Digital …