China must guard against any rebound in off-balance sheet lending in the so-called shadow banking sector, and must dispose of non-performing assets as soon as possible, the head of the country’s … ( read original…
Tagged By finance
CGTN: 15 years on: In China, green is new gold
Saturday marks 15 years since the proposal of the green development concept – “Lucid waters and lush mountains are invaluable assets.” Yucun Village, a flourishing hamlet in east China’s Zhejiang … ( read original story…
Delayed US-China trade review could give Beijing some breathing space as Donald Trump seeks re-election
The two sides were due to review their phase one trade deal after six months, but one observer said the delay was ‘no bad thing’. ( read original story …)
China’s Banking Sector Expected to Dispose $490 Billion of Bad Loans in 2020: Xinhua
China’s banking industry is expected to dispose 3.4 trillion yuan ($489.91 billion) of bad loans in 2020 to contain financial risks in an economy weakened by COVID-19, the official Xinhua News Agency … ( read…
Trump Says He’s ‘Looking Into’ Banning China’s Alibaba in the U.S.
U.S. President Donald Trump on Saturday said during a press conference that he was “looking into” whether Chinese technology giant Alibaba should be banned in the United States. (Reporting by Steve … ( read original…
ChiNext, Star Market, China’s rival tech boards, target Hong Kong ‘red chip’ secondary listings as competition heats up
The battlefield on which China’s Nasdaq-styled technology boards in Shanghai and Shenzhen compete for listings has expanded beyond start-ups and billion-dollar tech unicorns.The two exchanges have bee … ( read original story …)
China Plans to Expand Digital Yuan Tests to Beijing, Hong Kong
China has outlined plans for further tests of its digital currency initiative, now aiming for trials in areas including Beijing and Hong Kong.A digital renminbi trial will start in some of the country … (…
China’s top banking regulator vows to track down errant P2P operators who still owe depositors US$115 billion
With only 29 of the more than 6,000 peer-to-peer lenders remaining, China’s banking regulator plans to ease up on the crackdown by the year-end. ( read original story …)
China will promote yuan’s internationalisation, central bank says
China will make it easier for foreign investors to use the yuan to invest in Chinese bonds and stocks as it pursues the currency’s internationalisation, the central bank said on Friday, amid rising … (…
Specialty Chemical Company China XD Plastics Announces Second Quarter 2020 Financial Results
China XD Plastics Company Limited (NASDAQ: CXDC) (“China XD,” the “Company” or “we”), one of China’s leading specialty chemical companies engaged in the development, manufacture and sale of polymer … ( read original story …)
China’s central bank may have ‘modest easing bias’ given uncertain recovery: Economist
The People’s Bank of China has become “more neutral” in its outlook and wants to ensure that China will maintain its economic recovery at a steady pace, says Mansoor Mohi-uddin from the Bank of ……
China central bank issues 30 billion yuan of offshore bills: HKMA
China’s central bank issued 30 billion yuan ($4.3 billion) of offshore bills in Hong Kong on Thursday, according to a notice published by the Hong Kong Monetary Authority. ( read original story …)
Exclusive: China pushes First Capital merger in drive to take on Wall Street
China plans to merge domestic broker First Capital Securities with smaller rival Capital Securities, three sources said, underscoring Beijing’s determination to consolidate the brokerage … ( read original story …)
