Joseph Yam, who helped set up the peg in 1983, still believes it is in the best interests of Hong Kong because it gives confidence to international investors. ( read original story …)
Tagged By finance
BRI: Asian Infrastructure Investment Bank to convene annual meeting in Dubai next year
The meeting would be held from 27-28 October, 2021, the report said. This is the first time the Beijing-based multilateral development bank will convene its annual meeting in the Middle East, it said, … (…
Xi Jinping uses annual conference of infrastructure bank to spell out China’s multilateral and global ambitions
China reiterated its commitment to multilateralism and global ambition by supporting the Asian Infrastructure Investment Bank, the Beijing-headquartered regional development bank which rivals the … ( read original story …)
China State Construction Finance (Cayman) III — Moody’s affirms China State Construction International’s Baa2 ratings; outlook stable
Moody’s affirms China State Construction International’s Baa2 ratings; outlook stableRead the full article at Moody’s … ( read original story …)
China records eight out of Asia’s top ten venture capital deals in Q2, sees increase in deal volume and investment, finds KPMG analysis
HONG KONG, July 29, 2020 /PRNewswire/ — China saw an increase in both deal volume and venture capital (VC) investment in Q2’20 compared with Q1’20, reflecting early signs of a recovery in the … (…
China banks, regulators move to cool gold rush
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…
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…
