From the economic toll of COVID-19 to the long-term implications of reforms, China’s banking sector needs to tread carefully. ( read original story …)
Tagged By finance
CFLD Named in World’s Top 10 Most Valuable Real Estate Brands by Brand Finance
China Fortune Land Development (CFLD) has been valued as one of the World’s Top 10 Most Valuable Real Estate Brands in Brand Finance’s 2020 report. Chinese brands took 20 of the 25 places, with ……
ReTo Eco-Solutions Selected for High Visibility Chinese Expressway Project Linking 2022 Beijing Winter Olympics Competition Zones
ReTo Eco-Solutions, Inc. (the “Company,” “we” or “ReTo”) (NASDAQ: RETO), a one-stop, total technology solutions provider for the healthy improvement of ecological environments, today announced it was … ( read original story …)
Coronavirus: Beijing’s economic recovery from June outbreak offers hope ahead of China GDP release
The sight of more than a dozen patrons sitting on stools outside a popular barbecue restaurant on Beijing’s famous Gui Jie food street waiting to be seated is not only good for China’s services ……
China Credit Growth Accelerates in June as Economy Recovers
China’s credit growth picked up in June amid strong demand for loans via banks and informal channels, signaling that the economic recovery is continuing into the third quarter.Aggregate financing was … ( read original story…
China bank lending hits record $1.72 trillion in first half after solid June
New bank lending in China rose 22.3% in June as authorities continued to boost credit and ease policy to get the world’s second-largest economy humming again after a sharp coronavirus-induced … ( read original story…
China June new bank loans rise to 1.81 trillion yuan, beat forecast
Chinese banks extended 1.81 trillion yuan (£205.11 billion) in new yuan loans in June, up 22% from May and slightly exceeding analysts’ expectations. ( read original story …)
China bank lending hits record $1.73 trillion in first half after solid June
New bank lending in China rose 22.3% in June from May as authorities continued to boost credit and ease policy to get the world’s second-largest economy humming again after a sharp coronavirus-induced … ( read…
People’s Bank of China Cuts Stake in India’s Housing Development Finance
China’s central bank has sold at least some of its stake in India’s Housing Development Finance Corp., according to shareholder details filed with the exchanges. ( read original story …)
China June new bank loans rise to 1.81 trln yuan, beat forecast
Chinese banks extended 1.81 trillion yuan ($258.23 billion) in new yuan loans in June, up 22% from May and slightly exceeding analysts’ expectations. Analysts polled by Reuters had predicted new yuan … ( read original…
Global Banks Risk Breaching China Law by Complying With U.S.
Global banks risk being caught between Beijing-backed penalties and sanctions being debated in the U.S. as Hong Kong’s autonomy becomes a volatile point of friction between the two superpowers. ( read original story …)
China State Funds Start Selling in Warning Sign for Stock Rally
Chinese megacap shares fell Friday after two state-backed funds trimmed their holdings in a sign that the government wants to slow down the rally.People’s Insurance Company (Group) of China Ltd., … ( read original story…
Google Scrapped Cloud Initiative in China, Other Markets
Google abandoned plans to offer a major new cloud service in China and other politically sensitive countries due in part to concerns over geopolitical tensions and the pandemic, according to two … ( read original…
