These measures serve to further hasten the U.S.-China financial decoupling. After all, Hong Kong, being the window to China’s trade and investment, plays an important role in the economic, trade and … ( read original…
Tagged By finance
BlueCity Ranked Among China’s Top Companies for CSR
World-leading LGBTQ platform ranked 12th on one of China’s leading CSR indicesBEIJING, Aug. 04, 2020 (GLOBE NEWSWIRE) — BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a world … ( read original story …)
China stocks firm as banks lend support; Hong Kong up
China stocks firmed on Tuesday, driven by strong gains in banks as investors cheered Beijing’s latest move to ease pressure on the country’s financial institutions. ** The CSI300 index rose 0.1% to 4, … (…
Trump says China or Microsoft should pay U.S. a share of any TikTok sale proceeds
Trump told reporters that the United States would make any sale of the Chinese-owned video app possible, and therefore deserves a share of the proceeds, whether it comes from China or Microsoft. ( read original…
China Development Bank Financial Leasing — Moody’s announces completion of a periodic review of ratings of China Development Bank Financial Leasing
Moody’s announces completion of a periodic review of ratings of China Development Bank Financial LeasingRead the … ( read original story …)
China’s actions risk Hong Kong’s future as global financial center
The new security law Beijing imposed on Hong Kong and the ongoing political turmoil cast a dark shadow on the financial hub’s competitiveness and attractiveness to international business. ( read original story …)
China’s central bank pledges continued opening-up of financial industry
[Photo/China News Service] BEIJING – The People’s Bank of China (PBOC), the central bank, said Monday that it will resolutely push forward the opening-up of the country’s financial industry in a sound … ( read…
China Market Update: Mainland Moves Higher On Positive Caixin PMI Manufacturing Release, HSBC Weighs On Hong Kong
Growth stocks in Hong Kong were led by volume leaders Tencent, which gained +0.94%, Meituan Dianping +4.53%, Semiconducor Manufacturing +4.86%, and Alibaba HK -0.16%. ( read original story …)
TikTok parent to shift HQ from Beijing to London: Report
Chinese unicorn ByteDance which owns the popular short video-sharing app TikTok has received approval from the British government to move its headquarters from Beijing to London, The Sun newspaper … ( read original story …)
China faces financial RUIN: Fresh COVID-19 outbreaks and severe flooding hit Beijing hard
CHINA could face serious economic consequences as fresh cases of the coronavirus and severe flooding are likely to delay the country’s economic recovery, analysts have claimed. ( read original story …)
MGM China Reports 2020 First Half Results
Hubert Wang, President & Chief Operating Officer of MGM China said: “We are encouraged to see the lifting of quarantine measures for visitors from Macau into Guangdong Province, as an important first … ( read…
Why the head of a top China-based venture capital firm says TikTok is a massive litmus test for the globalization of Chinese technology
Ben Harburg, managing partner of China-based venture capital firm MSA Capital, discusses the TikTok situation and the broader implications for business and relations between the U.S. and China. ( read original story …)
HSBC results: Bank posts sharp fall in profits and warns of US-China tensions
HSBC posted a 65% drop in profits in its first half 2020 results Monday as the bank continues to be weighed down by the effects of the coronavirus crisis and falling interest rates around the…
