China’s Ministry of Finance will impose administrative penalties on Luckin Coffee after it confirmed an accounting fraud that forced the onetime market player to delist from NASDAQ. ( read original story …)
Tagged By finance
Exclusive: Urged on by central bank, China weighs antitrust probe into Alipay, WeChat Pay – sources
China’s top antitrust agency is looking at whether to launch a probe into Alipay and WeChat Pay, prompted by the central bank which argues the digital payment giants have used their dominant positions … (…
China stocks post biggest monthly rise in 17 months amid coronavirus uncertainty
China stocks closed higher on Friday in choppy trading amid uncertainties in coronavirus resurgence, while liquidity and retail investor enthusiasm fuelled the main indexes to post the biggest monthly … ( read original story …)
London’s Newest Ghost Town Was Financed by China
Therefore the tension between China and the U.K. definitely brought risks to our project here.” Not just Xu’s project. U.K. real estate investors, already facing a deadly virus that’s threatened rent … ( read original…
Apple managed growth in China, helped by ‘record’ iPad and services revenue plus an iPhone bounce
Apple CEO Tim Cook said that services revenue set a new June quarter record in China. Chief Financial Officer Luca Maestri added that iPad also set a June quarter revenue record in Greater China. (…
China stocks flat in choppy trade, virus resurgence weighs
China stocks were little changed in a choppy session on Friday as profit-taking erased earlier gains, while uncertainties about resurgence of coronavirus infections also weighed on the sentiment. ** … ( read original story …)
China’s manufacturing recovery picks up the pace
An official gauge of China’s factory activity expanded at a faster pace in July, as improving demand inside and outside the country kept … ( read original story …)
China Has 1 Trillion Reasons To Pray Trump Is Defeated
That’s how many U.S. dollars Xi’s government is stuck with as Trump takes a wrecking ball to the reserve currency. ( read original story …)
Minmetals Bounteous Finance (BVI) Limited — Moody’s affirms China Minmetals’ Baa1 ratings, outlook stable
Chenyi Lu VP – Senior Credit Officer Corporate Finance Group Moody’s Investors Service Hong Kong Ltd. 24/F One Pacific Place 88 Queensway Hong Kong China (Hong Kong S.A.R.) JOURNALISTS … ( read original story …)
China Bank profit rises to P5.2B in H1
Listed China Banking Corp. (China Bank) reported on Thursday that its net income increased to P5.2 billion in the first half of the year despite higher provisions. In a statement, the Sy-led lender … (…
China-Backed Infrastructure Bank Seeks to Win Over Countries With Western-Style Approach
WSJ’s Liza Lin describes how Beijing’s shutdown of the outpost weakens an already limited U.S. presence in China. Photo: Noel Celis/AFP via Getty Images BEIJING—When the Asian Infrastructure … ( read original story …)
What the U.S. Can Learn From China’s Consumer Comeback
China’s recovery offers reason for optimism as the U.S. strives to get its health and financial crises under control. “The recovery is derived from the fact that people feel safe again,” says Danton … (…
China Bank posts higher profit
CHINA BANKING Corp.’s (China Bank) net income rose in the first half despite higher provisioning amid the ongoing coronavirus pandemic. China Bank booked a P5.2-billion net income from January to June … ( read original…
