Beijing depends on China’s property bubble for revenue and has been managing it by keeping a lid on inflation. But the yuan’s soft peg to the dollar means Washington’s decisions – and addiction to ……
Tagged By finance
China Slams Xiaomi-Backed Online Lender XW Bank Over Violations
China’s banking regulator lashed at an online lender backed by Xiaomi Corp. over a range of violations, in the latest sign of intensifying scrutiny on the financial operations of the nation’s … ( read original…
China sets court hearings for two Canadians accused of spying
Two Canadians detained by Beijing more than two years ago on suspicion of espionage will go before Chinese courts starting this week, Canada’s government said on Wednesday, once again ramping up … ( read original…
Goldman, Citi Lead U.S. Banks Plowing Billions Into China
Goldman Sachs Group Inc. led U.S. banks plowing billions of fresh cash into China last year, undeterred by political turmoil as the world’s second-largest economy further opens its $50 trillion … ( read original story…
Yum China to Report First Quarter 2021 Financial Results
Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, “Yum China” or the “Company”) today announced that it will report its unaudited financial results for the first quarter ending March 31, 2021 at … (…
Biden’s ‘allies first’ approach puts pressure on Beijing to behave
China’s coercive treatment of Australia and other allies is being weaponised by the new US administration ahead of a tense meeting of Washington and Beijing’s top diplomats in Alaska. ( read original story …)
China’s Stock Volatility Contrasts With Calm in Bond Markets
As rising U.S. Treasury yields and potential credit tightening in China expose Chinese stock traders to wild market fluctuations, their bond peers are enjoying a period of relative calm.A measure of … ( read original…
Taiwan bolsters S.China Sea deployments, gets U.S. submarine parts approval
TAIPEI, March 17 (Reuters) – Taiwan’s newly-appointed defence minister said on Wednesday it has strengthened deployments in the disputed South China Sea and that the United States has approved the … ( read original story…
China banking regulator finds $42.6 mln in misappropriated loans in property -state media
China’s banking regulator has found 277 million yuan ($42.6 million) in loans misappropriated for use in the housing market in the southern state of Guangdong, reported the official Xinhua news agency … ( read original…
China Stock Market May Open Under Pressure
The China stock market bounced higher again on Tuesday, one day after snapping the two-day winning streak in which it had jumped almost 100 points or 3 percent. The Shanghai Composite index now sits ……
Alibaba Asked To Get Rid Of Media Assets By Beijing: WSJ
China’s government wants Alibaba Group Holding Ltd. (NYSE: BABA) to sell its media assets due to concerns about the technology giant’s growing influence over public opinion in the country, the Wall … ( read original…
Goldman, Citigroup Lead U.S. Banks Plowing Billions Into China
Goldman Sachs Group Inc. led U.S. banks plowing billions of fresh cash into China last year, undeterred by political turmoil as the world’s second-largest economy further opens its $50 trillion … ( read original story…
Barclays CEO Staley Eyes China for Investment Bank Expansion
Barclays Plc Chief Executive Officer Jes Staley is looking at expanding in Asia, reversing some of the lender’s painful retreat from the region five years ago. ( read original story …)
