AmEx got the green light to start processing yuan payments, making it the first of the big three U.S. card companies to get access to the mainland. The license, initially approved … ( read original…
Tagged By finance
China shares rise on Fed update, confidence in Beijing’s ability to control new virus cases
China shares rose on Tuesday, tracking gains from the global markets after the U.S. Federal Reserve widened its bond buying program, while investors showed confidence that Beijing would be able to put … ( read…
U.S., China Plan Big Spending to Bolster Economies: Virus Update
Global cases surpassed 8 million as Beijing shut some areas to contain a virus cluster and data scientists predicted India’s numbers may surge after it abandoned a lockdown.China will sell 1 trillion … ( read…
China’s Relaxed Financial Sector May Aid Foreign Investors
Liza Mark and Han Liang at Haynes and Boone explore the Chinese government’s recent laws and regulations relaxing restrictions on foreign ownership, which could provide greater market access and … ( read original story …)
China’s Digital Currency
As governments around the world manage their respective economic-restarts from the COVID-induced lockdown, there will be a host strategies and innovations employed to assist the process. For China, … ( read original story …)
U.S.-China Tensions Offer Investing Dangers But A Potential Opportunity
“Rising tensions with China will only further accelerate the rate of economic change we are already experiencing largely due to the coronavirus pandemic,” Brenner added. “The risk for U.S. equities is … ( read original…
Wins Finance Holdings Request for Extended Stay of Suspension is Granted by Nasdaq
Wins Finance Holdings Inc. (“Wins Finance” or the “Company”) (NASDAQ: WINS), a diversified investment and asset management company that provides integrated financing solutions to small and medium … ( read original story …)
Beijing Cases Climb; U.K., France Ease Some Curbs: Virus Update
Spreading cases in Beijing raised concern of a resurgence of the pandemic in China, while infections increased in Tokyo and a former Food and Drug Administration chief said new U.S. outbreaks are … ( read…
Coronavirus impact: China’s auction of 1 trillion yuan of special treasury bonds to begin this week, sources say
The Chinese government will begin auctions this week of a planned issue of 1 trillion yuan (US$141 billion) of special treasury bonds to help finance recovery from the coronavirus pandemic, sources … ( read original…
AmEx Wins PBOC Approval to Operate in China Via Joint Venture
American Express Company AXP has received an approval for a clearing and settlement license in mainland China from the People’s Bank of China (PBOC), which is responsible for carrying out monetary … ( read original…
American Express Cleared to Process Local Payments in China
American Express was cleared to begin processing local transactions in China and will begin doing so later this year. ( read original story …)
Tesla’s China Car Registrations Jump In May; Stock Down In Pre-Market On Analysts’ Rating Cuts
China car registrations in May jumped 150% month on month, Reuters reported citing data from auto consultancy LMC Automotive.The U.S. electric vehicle maker’s China registrations, including imported … ( read original story …)
Coronavirus Update: Beijing on Alert, Kudlow Says $600 Boost a ‘Disincentive’
Authorities shut down parts of Beijing after a surge in new cases; White House economic adviser Larry Kudlow says a return-to-work bonus should replace a weekly $600 unemployment boost; Tulsa’s health … ( read original…
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