Observers said the response indicated that Beijing had made a considered decision not to trigger … that the recent business volume has dropped significantly,” Hong Kong’s financial secretary Paul … ( read original story …)
Tagged By finance
China Lending Forges Partnerships to Accelerate the Development of Its Consumer Financing Business and Expand into Litigation Guarantee Business
2019 /PRNewswire/ — China Lending Corporation (“China Lending” or the “Company”) (CLDC), a non-bank financial corporation servicing micro, small and medium sized enterprises in China, today … ( read original story …)
Why China Has Chickened Out of Another Bank Seizure
Bank of Zhengzhou Co., Huishang Bank Corp. and Bank of Qingdao Co. all tumbled after the Baoshang seizure. Derailing Beijing’s grand plan for bank recapitalization would be a big no-no. Jinzhou … ( read original…
Is Beijing Enterprises Water Group Limited (HKG:371) An Attractive Dividend Stock?
As Beijing Enterprises Water Group has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A quick check of its financial situation can…
China’s New Stock Venue Is Losing Its Luster
(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it’s going next. Excitement is fading in China’s Star market as traders await the next batch of…
With US trade war, China’s long-running economic reforms have been thrown a spanner in the works
. Trade war aside, the real danger for China lies in the daunting structural weaknesses in its economy, accumulated through decades of rapid development and growth. The trade war, beyond denting China … ( read…
China sees more inclusive finance loans in H1
BEIJING, July 28 (Xinhua) — China’s inclusive finance developed faster in the first half of this year, with loans increasing by 1.49 trillion yuan (about 216.6 billion U.S. dollars), according to the … ( read…
Financial reforms set to continue in China
BEIJING, July 28 (Xinhua) — China will intensify pilot regional financial reforms to enhance the role of finance in supporting reform, opening-up and economic development, the State Council’s … ( read original story …)
U.S.-China Talks Set to Resume as Neither Seems Eager for a Deal
While China has indicated its readiness to buy U.S. agricultural products, it has also called the U.S. the “black hand” behind anti-government protests in Hong Kong and said Friday an investigation … ( read original…
Jack Ma’s $290 Billion Loan Machine Is Changing Chinese Banking
(Bloomberg) — Jack Ma’s online bank is leading a quiet revolution in the way China lends to small businesses, taking aim at a credit bottleneck that has held back Asia’s largest economy for decades. ……
China’s Iran oil imports plunge as U.S. sanctions bite
BEIJING/SINGAPORE (Reuters) – China’s crude oil imports from Iran sank almost 60% in June from a year earlier, Chinese customs data showed on Saturday, following the end of a waiver on U.S. sanctions … (…
Bank of China is bullish for bitcoin
There’s no doubting the Bank of China’s favorable stance on bitcoin: Yesterday, it posted an infographic on its website, explaining how cryptocurrency works, its uses and value. Until recently … ( read original story …)
China’s central bank issues draft rules on financial holding companies in move to rein in risk
China’s central bank on Friday released a draft regulation on financial holding companies, as it seeks to contain the potential spread of risk from their business to other sectors. “There is a … ( read…
