China’s second-largest lender halted a US$3 billion digital bond programme on the verge of a financial breakthrough, getting cold feet amid scrutiny on fintech and financial risks. ( read original story …)
Tagged By blockchain
Smelling blood, Huawei’s Chinese mobile rivals look to capitalise on its U.S. woes
Chinese handset rivals of Huawei Technologies including Xiaomi, Oppo and Vivo are making aggressive moves to seize market share from their giant rival, after stepped-up U.S. sanctions hobbled Huawei’s … ( read original story …)
China Telecom 5G penetration tops 20%
China Telecom surpassed 20 per cent 5G penetration after adding 7.06 million customers in October, taking its total to 71.9 million a year after launching the service. Market leader China Mobile’s 5G … ( read…
Trump’s China Blacklist Sparks Reviews at Index Compilers
FTSE Russell, JPMorgan Chase and MSCI are rethinking their stance on securities from companies that the U.S. government says help the Chinese military. ( read original story …)
Nokia enables China Mobile with enterprise IoT connectivity globally
All the essential news and articles related to the Internet of Things (IoT), on a daily basis, and with a business perspective. ( read original story …)
China to Hold Second Lottery Trial of the Digital Yuan
A city in China will hold the second lottery of the country’s central bank digital currency (CBDC) next month. On Dec. 12, a shopping festival known as “Double 12” in China, the city of Suzhou…
Why China’s Debt Defaults Are More Alarming This Time
Chinese companies are facing a reality check after years of ramping up debt. A crackdown on unregulated lending — so-called shadow banking — and tighter rules on asset management made it harder for … (…
New Regional Trade Deals to Help China ‘Sustain Its Advantages’ in Global Supply Chains
China could remain a key player in global supply chains, thanks to a combination of factors ranging from the coronavirus pandemic to new trade agreements. ( read original story …)
Alibaba CEO Calls China’s New Fintech Regulations ‘Timely And Necessary’ After Ant IPO Ax
Financial stability and not allowing “entrepreneurs out of their lane” are thought to have been factors behind Beijing’s move to suspend the IPO. Ma had criticized China’s bankers and regulators, … ( read original story…
Exclusive: In latest China jab, U.S. drafts list of 89 firms with military ties
The Trump administration is close to declaring that 89 Chinese aerospace and other companies have military ties, restricting them from buying a range of U.S. goods and technology, according to a draft … ( read…
Malaysian crypto exchange says $3 billion blockchain bond is withdrawn
A $3 billion bond arranged by a China Construction Bank Corp (CCB) unit using blockchain technology, for listing on a Malaysian cryptocurrency-focused exchange, has been withdrawn at the issuer’s … ( read original story …)
China Evergrande says property services unit seeks to raise up to $2 billion in IPO
Market concern has mounted in recent weeks that Evergrande whose borrowings totaled$123.93 billion at the end of June – was headed for a cash crunch. ( read original story …)
China Is Set to Remain a Key Player in Global Supply Chains as the World’s Largest Trade Deal Is Inked
China will likely continue dominating global supply chains, thanks to a combination of factors ranging from the coronavirus pandemic to new trade agreements. ( read original story …)
