For Beijing Jingkelong, I’ve put together three key aspects you should further examine: To help readers see past the short term volatility of the financial market, we aim to bring you a long … (…
Tagged By finance
‘Gunboat diplomacy’ dispute upsets UK trade mission to China
Plans by chancellor Philip Hammond for a trade mission to Beijing have been soured by a “gunboat diplomacy” row sparked by defence secretary Gavin Williamson’s announcing he would send a new British a… ( read…
Exclusive: China offers to end market-distorting subsidies but won’t say how
BEIJING/WASHINGTON (Reuters) – China has pledged to end market-distorting subsidies for its domestic industries but offered no details on how it would achieve that goal, according to three people fami… ( read original story …)
China’s Ant Financial acquires int’l payment firm WorldFirst
LONDON, Feb. 14 (Xinhua) — Ant Financial, an Alibaba affiliate, announced on Thursday it has taken over UK-based international payments group WorldFirst, marking the most significant foreign fintech … ( read original story …)
Rising household debt in China could threaten growth and financial stability, Fed economists warn
Household debt in China has been rising over the last decade. It could pose risks to growth and financial stability, according to economists at the Federal Reserve Bank of New York. Beyond the … (…
How China’s JPMorgan Wannabe Became a $34 Billion Debt Risk
… supposed to be China’s answer to JPMorgan Chase & Co. But less than five years after China Minsheng Investment Group Corp. outlined plans to become a financial colossus, the company has instead tu… (…
China poses most significant strategic threat to United States, say Pentagon, Senators
“China represents the greatest long-term strategic threat to a Free and Open Indo-Pacific and to the United States,” said US Indo-Pacific Command chief Adm Philips Davidson, while testifying before th… ( read original story …)
China launches inspection of bond default risk
China’s state planning agency will investigate corporate bond issuers’ ability to repay maturing notes, a sign of Beijing’s concern about financial risks amid a slowing economy and tight liquidity tha… ( read original story …)
China, HK stocks gain on respite from trade woes
China’s blue-chip CSI300 index rose 1 percent to 3,364.73, its highest point since Sept. 28, 2018. ** CSI300’s financial sector sub-index rose 0.8 percent, the consumer staples sector edged up 0.2 per… ( read original…
Hong Kong to allow extradition of criminals to China for first time
He added that anyone who transferred through Hong Kong airport, a major international hub, would be at risk of extradition to China under the amendment. He said the case of Meng Wanzhou, the chief fin……
Financial products keeping step with surging demand
Financial firms have also set lending caps to prevent defaults. Half of the borrowers have a spending limit of 2,000 yuan or below. China’s consumer finance market is projected to grow to $1.6 trillio… (…
China’s Huawei soft power push raises hard questions
The cheery corporate message contrasts with the standoff over the arrest of Huawei Chief Financial Officer Meng Wanzhou on a U.S. warrant. In what looks like retaliation, China detained two Canadians … ( read original…
Trump pick for World Bank chief spent years criticizing its mission
If confirmed to run the bank, Malpass would seek to reduce lending to middle … of the state in China’s economy and has participated in ongoing trade talks with Beijing. But he was forced into…
