Chinese regulators and major banks are rushing to curb precious metal trading by domestic investors to temper speculation that some fear could cause a repeat of this year’s oil trading mishaps. ( read original story…
Tagged By finance
Bet on China’s domestic consumption-fueled recovery: Aberdeen
Nicholas Yeo from Aberdeen Standard Investments sees strength in companies that focus on China’s consumers and domestic economy, as they slowly recover. ( read original story …)
China turns net steel importer in June as economy recovers from coronavirus, boosting Asian exports
China became a net steel importer in June for the first time since the last global recession in 2009, with exports from India, Japan, South Korea and Vietnam set for short term gains as demand…
Brussels needs to ‘work hand in hand’ with China to recover from pandemic, EU trade official says
The European Union needs to “work hand in hand” with China as a matter of necessity given the economic havoc wreaked by the coronavirus pandemic, said a top EU official in charge of Tuesday’s trade…
Breakingviews – Ctrip invites funds to buy out China’s travel dip
Trip.com, best known as Ctrip, is inviting brave funds to buy out China’s tourism dip. The country’s biggest online travel outfit is considering going private, Reuters reported. It has a clean balance … ( read…
China now accounts for nearly one-quarter of Tesla revenue
Tesla has been counting on China to maintain its sales momentum, and it seems to be on track with the plan. In the three months ended June 30, the automaker’s revenue in China climbed 102.9%…
IMAX China Reports Half-Year 2020 Financial Results
(“IMAX China” or the “Company”, HKSE: 1970) today reported half-year 2020 Greater China revenue of US$6.7 million, gross and adjusted loss of US$4.0 million and US$15.5 million, respectively. For … ( read original story …)
Senior Executives Quit China Wealth Fund Over Pay, Opportunities
China’s sovereign wealth fund is losing senior-level talent at one of the worst possible times.Three of China Investment Corp.’s top executives have resigned since April, leaving the $941 billion fund … ( read original story…
Fund Scandal Was ‘Wake-Up Call’ for Noah’s Shadow-Banking Shift
Noah Holdings Ltd. was a poster child for the dangers lurking in China’s $8 trillion shadow banking system. Now it’s at the fore of a historic shift in Chinese asset management, one that policy makers…
China’s new green development fund raises $12 billion in phase 1
China’s first dedicated environmental fund, which will invest in green projects and firms, has already raised 88 billion yuan ($12.59 billion) in its first phase, an environment ministry official said … ( read original story…
The US has more to gain from WTO reform than just punishing China
In my view, that process begins with China.” In the Q&A that followed, China was mentioned 200 times; the word “trade” was said only 291 times. The China problem is largely framed in terms of…
Xi uses annual conference of infrastructure bank to spell out China’s multilateral and global ambitions
China’s president calls for efforts to make the Asian Infrastructure Investment Bank ‘a new type of development platform’ … ( read original story …)
Beijing Takes Over U.S. Chengdu Consulate After Forced Closure
Chinese authorities have taken over the U.S. consulate in Chengdu following its closure, the latest historic milestone marking the deterioration in relations between Washington and Beijing.The U.S. lo … ( read original story …)
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