Last week, the People’s Bank of China injected CNY 200 billion funds into the financial system via medium-term lending facility at a rate of 2.95 percent, unchanged from the previous operation. ( read original story…
Tagged By financials
China Investor Buys Dirt Cheap Bank Stocks Nobody Else Wants
But for one Shanghai-based fund manager, the value case for Chinese bank shares is now so compelling that the stocks comprise one of the biggest parts of his portfolio. Zhou Liang, founder and fund ……
China leaves benchmark lending rate unchanged for second straight month
China left its benchmark lending rate unchanged for the second straight month at its June fixing on Monday, matching market expectations, after the central bank kept borrowing costs on medium-term … ( read original story…
China Investor Buys Record-Cheap Bank Stocks Nobody Else Wants
But for one Shanghai-based fund manager, the value case for Chinese bank shares is now so compelling that the stocks comprise one of the biggest parts of his portfolio. Zhou Liang, founder and fund ……
Beijing’s Latest Virus Outbreak Disrupts Tyson Foods and PepsiCo
PepsiCo Inc. and Tyson Foods are among the global consumer companies facing disruption as Beijing tries to contain a fresh outbreak of the coronavirus.On Sunday, PepsiCo China said it shut a food … ( read…
The weak link in China’s recovery plan
Beijing is leaning heavily on the country’s regional banks to support small businesses hit hard by the pandemic. But many question whether they’ll be up to the task. ( read original story …)
Countering China Is for the BIRDs | Opinion
This notion dominated the thinking of U.S. foreign policy and business since President Richard Nixon and his national security consigliere Henry Kissinger began wooing China in 1972 in order to drive … ( read original…
Does Beijing’s Covid outbreak threaten China’s recovery?
Does Beijing’s Covid outbreak threaten China’s recovery? This month’s outbreak of coronavirus in Beijing has prompted concerns that a second wave of the pandemic could upset … ( read original story …)
Beijing proposes national security bureau for Hong Kong
China plans to establish a bureau in Hong Kong to investigate and prosecute crimes considered threatening to national security.The proposal forms part of a new national security law which Beijing is … ( read original…
Beijing pushes banks to preserve capital
A regional bank based in the Xinjiang region of China has slashed its dividend by 20% due to pressure from regulators, according to South China Morning Post. While the move is relatively inconsequent … (…
With China Sanctions, America Pushes the Limits of Its Financial Power
President Donald Trump subsequently ordered his administration on May 29 to revoke Hong Kong’s preferential treatment as a separate customs and travel territory from mainland China in response to … ( read original story …)
With Beijing-based bank set to fund Chennai Metro, officials urge ‘Make in India’ clause
Since AIIB is a multilateral development bank, officials feel that the clause would benefit Indian companies and help in creating jobs for Indians. ( read original story …)
Harboring Hong Kong ‘rioters’ will harm Taiwan, China says
Offering protection to “rioters” from Hong Kong will only harm Taiwan’s people and is an interference in the Chinese-ruled city’s affairs, China’s government said, denouncing plans by Taiwan to help … ( read original story…
