Overseas financial institutions will now be treated the same as local companies, the China Banking and Insurance Regulatory Commission said in a statement late Thursday, taking forward a process start… ( read original story …)
Tagged By finance
Japan, China finance ministers to meet in Beijing as relations improve
TOKYO (Reuters) – Finance ministers and officials from Japan and China are to meet in Beijing on Aug. 31, a Japanese official said, a sign of improving ties amid Sino-U.S. trade tensions. Japanese Fin… (…
China Removes Foreign Ownership Limits in Banks, Asset Managers
Overseas financial institutions will now be treated the same as local companies, the China Banking and Insurance Regulatory Commission said in a statement late Thursday. Foreign stakes were previously … ( read original story …)
Why China and US tech stocks are diverging
“Tech sector [in China] had previously been the large beneficiary of such large inflow, now it is seeing the reverse,” Liu told Yahoo Finance in an email. With ongoing trade negotiations between the t… (…
Alibaba says it’s well-positioned in a US-China trade war
The U.S.-China trade war doesn’t seem to be hurting Alibaba’s bottom line for now. On Thursday, the e-commerce giant reported a strong quarter with revenue growth of 61%, sending the stock (BABA) up b… (…
The Finance 202: Trump escalates China trade fight, and it’s primed to get even nastier
The Trump administration is escalating its trade war with China today even as it restarts talks toward an armistice. Hopes remain low for negotiations that lower-level Trump officials kicked off Wedne… ( read original story…
China hits U.S. with new retaliatory tariffs
The trade war heats up as the U.S. and China impose new tit-for-tat tariffs. Yahoo Finance’s Dion Rabouin, Seana Smith, and Dan Roberts discuss along with Third Seven Advisors market strategist Michae… ( read original…
Chinese banking sector warned it faces day of reckoning as decade of easy money ends
A moment of truth is arriving for China’s vast banking industry after a decade of exuberance, a senior regulator warned on Thursday. With the US Federal Reserve on track for further monetary tightenin… ( read…
China Tightens the Noose on 124 Offshore Cryptocurrency Exchanges
China’s government will take steps to further block access to more than 120 offshore cryptocurrency exchanges whose websites are still accessible on the mainland. Citing local financial news outlets, … ( read original story …)
China woos Wall Street as reciprocal US tariffs take effect
… trade tension produced by China’s state television broadcaster plays on a computer screen in Beijing © AP Instead, it has tried to appeal to US businesses by announcing market opening measures, es… ( read…
Beijing woos Wall Street as new reciprocal US tariffs take effect
Beijing is also cautious not to deter offshoring US corporations by stoking fears that China is a dangerous place to do business. Instead, it has tried to appeal to US businesses by announcing market ……
China banking and insurance regulator issues revisions to foreign ownership regulations
BEIJING, Aug 23 (Reuters) – China’s banking and insurance regulator published on Thursday revisions to existing regulations in line with Beijing’s plans to ease restrictions on foreign investment in t… ( read original story …)
China reports 4th outbreak this month of African swine fever
BEIJING — China on Thursday reported another outbreak of African swine fever that threatens the country’s crucial pork industry, but officials say they have the situation under control. The latest cas… ( read original story…
