Analysts expect China’s leadership to focus on tackling growing implicit debt piles, particularly at local government levels, while reducing a decades-old reliance on debt-driven growth. ( read original story …)
Tagged By finance
China cenbank official proposes financial stability law in magazine article
China should push for legislation on financial stability to be rolled out as soon as conditions are ripe, a vice governor of the central bank wrote in a magazine published by the bank on Tuesday.…
Signal’s encrypted messaging app stops working in China
The encrypted app, often used by reporters and others needing ironclad privacy, has been unavailable in mainland China since early this morning. Signal’s website, meanwhile, was blocked in the nation … ( read original story…
Tencent can escape Alibaba’s fate if Beijing lets it behave like a Spac
BEIJING (BLOOMBERG) – After cracking down on Alibaba Group … Yet shares of Tencent – which spans gaming, social media, mobile payments and online banking – remain remarkably resilient. In fact, … ( read original…
China Signal Users Report Difficulty Accessing Messaging App
Signal, an encrypted messaging app that competes with the likes of Facebook Inc.’s WhatsApp, appears to have been blocked in China, the latest move by Beijing to crack down on social media … ( read…
Opinion: Mitt Romney onto something in his call for a targeted boycott of 2022 Beijing Olympics
U.S. Sen. Mitt Romney, who was president and CEO of Salt Lake Organizing Committee for 2002 Games, calls for targeted boycott of Beijing Olympics. ( read original story …)
China Bourse May Add To Its Winnings On Tuesday
The China stock market on Monday snapped the two-day winning streak in which it had jumped almost 100 points or 3 percent. The Shanghai Composite index now sits just beneath the 3,420-point plateau … (…
China Presses Alibaba to Sell Media Assets, Including SCMP
But his fortunes have waned since he spoke out against China’s regulatory approach to the finance sector. Read more about Ma’s expansive media holdings. Those comments set in motion an … ( read original story…
China Mobile Considers A-Share Listing After U.S. Removal
China Mobile Ltd. is considering an A-share listing after the country’s largest wireless carrier was removed from the New York Stock Exchange under a Donald Trump-era investment ban, according to … ( read original story…
Beijing Holds the Monopoly on Information. Spend Your Money Elsewhere, Alibaba.
China is adamant that it should keep control over information and propaganda. Jack Ma’s company must sell its media assets and invest the profits elsewhere. Go play somewhere else. As Chinese internet … ( read…
Tencent Can Escape Alibaba’s Fate If Beijing Lets It to Behave Like a SPAC
After cracking down on Alibaba Group Holding Ltd. and its financial services affiliate Ant Group, Beijing now appears to have Tencent … mobile payments and online banking — remain remarkably … ( read original story…
Around the World: Beijing’s Early Reactions to the Biden Administration, Ten Years After the Fukushima Disaster, and More
Webcast: Beijing’s Early Reactions to the Biden Administration ASIA … Business and Policy programs are endowed by Huffington Foundation. We give special thanks to Bank of America, Muffet Blake, Anne … ( read original story…
Exit of high-carbon industries in China could bring ‘systemic financial risks,’ state media says
The pull-out of high-carbon industries in China might bring systemic financial risks, a central bank official reportedly said on Monday. ( read original story …)
