China’s banking sector recently found itself in the spotlight after a popular comedian complained that China CITIC Bank had shared his personal data information without permission. ( read original story …)
Tagged By finance
China Bank Draws Outcry on Oil Losses — WSJ
A top Chinese bank is trying to reach a deal with investors caught out by negative oil prices, after plans to hold individuals accountable for losses greater than their original investments drew … ( read…
China trade data mixed, Bank of England in focus
This morning’s latest China trade numbers for April showed little evidence of a recovery in economic activity despite the lifting of lockdown back at the beginning of March. Exports were better than … ( read…
China regulator issues rules on online bank lending to curb risk
China’s banking and insurance regulator on Saturday issued draft rules on commercial banks’ online lending business, in a move to rein in financial risks. ( read original story …)
The World’s First Multilingual Big Data Terminology Book Published in China by CSPM
Big Data Terminology, the world’s first multilingual terminology book on the subject, was published in May 2020 in Beijing by China Science Publishing & Media Ltd. (CSPM) and has been released … ( read original…
Stock Alert: China Rapid Finance Spikes 147%
(RTTNews) – China Rapid Finance Ltd (XRF) shares are surging on Wednesday morning trade as it announced the execution of a set of agreement with Yong Bao Two Ltd or YBT. Upon the closing, YBT…
China’s central bank skips reverse repos Saturday
As no reverse repos matured Saturday, there is no net liquidity withdrawal from or net liquidity injection into the banking system. A reverse repo is a process in which the central bank purchases … (…
Consumer Luxury Demand Robust in China Despite Virus, Says Deutsche Bank Researcher
Francesca DiPasquantonio, head of global luxury equity research at Deutsche Bank AG London, discusses a LVMH Moet Hennessy Louis Vuitton SE report on sales in China amid the coronavirus pandemic. She … ( read original…
It’s Time to Stop Pandering to Beijing Over Taiwan
It’s not Benjamin Netanyahu coming West Bank annexation that’s shocking—it’s Washington’s surprised reaction to it. Berlin’s floundering tells an ominous story about Europe’s technological leadership … ( read original story …)
Beijing stresses positives after car and appliance sales raise hopes for coronavirus rebound
Government highlights strong consumer spending in selected areas over May Day holiday, but analysts warn recovery remains modest. ( read original story …)
Beijing’s South China Sea fishing ban threatens to raise tensions with rival claimants
Fishing groups in Vietnam and the Philippines have urged their governments to take firm measures to resist ban, which is intended to preserve fish stocks. ( read original story …)
This Is No Time to Play Games With China Savers
Deposits at riskier small lenders are a profit-booster for large institutions, an uncertain refuge for households. ( read original story …)
Stocks Rally As Reopening, Easing China-US Tensions Beat Bad Data
But traders remain buoyed, as mind-boggling stimulus and central bank backstopping measures along with easing China US-tensions have provided much-needed reassurance. That combined with signs of a … ( read original story …)
