SHANGHAI (Reuters) – China has appointed banking veteran Yi Huiman to head … He’s “pragmatic and knows how to run giant ICBC,” said a Beijing-based ICBC banker who works under Yi and is familiar ……
Tagged By finance
South China Sea: Fishing on the front line of Beijing’s ambitions
But the Paracels also lie inside China’s self-declared maritime boundary — the “nine-dash line”— the swath of the sea within which Beijing claims exclusive … and fishermen interviewed by the Financi… ( read original story…
China’s slowing economy will make it harder for its companies to pay debts, ratings agencies say
Even as Beijing pushes out new measures to stimulate its economy, China’s growth slowdown will make it harder for the country’s companies to pay their debts this year, ratings agencies say. The Chines… ( read…
China’s ‘icon market’ is creating more fans of soccer stars — not the clubs they play for
According to the 2019 edition of the Red Card report produced by Mailman, China’s leading sports digital marketing agency, Cristiano Ronaldo is the number one player online among Chinese people, ahead … ( read original…
Cargill CEO on U.S.-China trade spat: I’m worried about the American farmer
The CEO of agriculture company Cargill is worried about what U.S.-China trade tensions mean for the American farmer. “We’ve had to shift supply chains from North America to South America,” said Dave M… ( read…
China Blocks Microsoft’s Bing Due to Technical Error, Sources Say
(Bloomberg) — Microsoft Corp.’s search engine Bing was blocked in China due to an accidental technical error rather than an attempt at censorship, according to people familiar with the matter. The go… ( read original…
Microsoft says Bing search engine blocked in China
A search performed on Bing’s China website – cn.bing.com – from within mainland China directs the user to a page that says the server cannot be reached. The Financial Times, citing a source, reported ……
China stocks higher on financial profits, tech board approval; Hong Kong up 0.1 pct
SHANGHAI, Jan 24 (Reuters) – Chinese shares rose in a choppy session Thursday, lifted by financial firms’ profits and as the approval for a new technology board in Shanghai boosted tech shares. Howeve… ( read…
Bank of China Readies First Perpetual Amid Capital Pressure
(Bloomberg) — Bank of China Ltd. is set to offer the first perpetual bonds from a Chinese lender on Friday, a landmark deal that will pave the way for similar fundraising from financial institutions. ……
The Finance 202: New friction in U.S.-China trade talks points to hurdles for a deal
In that spirit, Beijing made an offer this month to close the bilateral … Charles Grassley (R-Iowa), the new Senate Finance Committee chairman, told reporters last week that Lighthizer told him ther… ( read original…
Chinese finance ministry and central bank on same page on growth after Xi warns of risks to economy
Those details are expected to be finalised at the National People’s Congress in March. On the same day, the People’s Bank of China (PBOC), China’s central bank, injected 257.5 billion yuan (US$37.9 bi… ( read…
China Risks Real Hard Landing This Time
Instead, Beijing has overdone its own crackdown on nonbank “shadow finance”—without opening alternative channels for private-sector borrowers, who often struggle to obtain bank credit. As a result, Ch… ( read original story …)
China says will step up fiscal spending this year to support economy
BEIJING (Reuters) – China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said on Wednesday. Mount… ( read…
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