Stocks are set for a mixed start Monday as traders weigh a U.S. rally spurred by corporate earnings, China’s technology-sector crackdown and an upcoming Federal Reserve meeting. The dollar was steady.
Tagged By finance
China Development Bank issues 2.85 trln yuan of loans in 2020
China Development Bank issued loans totaling 2.85 trillion yuan (about 440.46 billion U.S. dollars) last year to facilitate epidemic control and economic growth. The policy bank extended 31.5 billion …
Beijing’s hard line is good for business in Hong Kong
Washington and the now-defanged local opposition predict Hong Kong’s international financial status will suffer, or even be irreversibly lost, because of Beijing’s crackdown. Those who know something …
China, U.S. Boost Giorgio Armani Sales in First Half
The Italian designer expressed confidence in the resilience of his namesake company, which registered a 34 percent increase in sales in the first half of 2021, after a 2020 impacted by the COVID-19 …
Biz China Weekly: Rural resident income, fiscal revenue, LPR, FDI, non-financial ODI
China’s fiscal revenue saw a year-on-year increase of 21.8 percent in the first six months of 2021. According to data released by the Ministry of Finance, the country’s fiscal revenue exceeded 11.7 …
China Bans For-Profit School Tutoring in Sweeping Overhaul
China unveiled a sweeping overhaul of its $100 billion education tech sector, banning companies that teach the school curriculum from making profits, raising capital or going public.Beijing on …
Central bank encourages carbon market participation
China’s central bank is encouraging financial institutions to participate in the newly-established national carbon market, which will develop more derivatives for trading to achieve the country’s …
China’s EdTech Assault Hits Investors From Tiger to Temasek
Global investors from Tiger Global Management to Temasek Holdings Pte are reeling after China imposed the harshest curbs yet on its $100 billion private tutoring and online education sector.China on …
China confirms ban on for-profit tutoring in core school subjects – Xinhua
China is barring tutoring for profit in core school subjects to ease financial pressures on families that have contributed to low birth rates, a report in the official Xinhua news agency said on …
China bars for-profit tutoring in core school subjects -document
China is barring tutoring for profit in core school subjects to ease financial pressures on families that have contributed to low birth rates, news that sent shockwaves through its vast private …
Beijing Continues to Open Up Financial Sector, But Tightens Control Over Foreign Investment
China is committed to opening up its financial sector, according to a State Council executive meeting held on July 21. The meeting, attended by Chinese …
Beijing tutoring crackdown slams U.S.-listed Chinese stocks
Fears of increased of regulation from Beijing crushed U.S.-listed Chinese stocks on Friday following a Chinese government crackdown on private educators. U.S. shares of TAL Education Group and New …
WeChat mini programs for banking pose ‘significant’ risks of personal data leakage, says report
An official review of 50 personal banking mini programs on WeChat found that more than half did not encrypt user information, posing significant risks of data leakage.
