British banking giants HSBC and Standard Chartered on Thursday backed China’s contentious security law proposal for Hong Kong, which critics fear will be used to stamp out dissent in the city. Beijing … ( read…
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Taiwan urges Beijing to acknowledge Tiananmen crackdown
Taiwan called on China to officially acknowledge the 1989 Tiananmen crackdown on Thursday, as the island marked the anniversary of the day student-led protests were violently crushed by tanks. Hundred … ( read original story…
Trump’s Threat to Protesters a Boon for Beijing: Toronto Professor
Hong Kong Chief Executive Carrie Lam hit out at the U.S. on Monday, noting double standards in the way in which Hong Kong is criticized for handling its protests given the way America is handling the…
U.K. Banks Defy London to Back Beijing on Hong Kong Security Law
The two British institutions that dominate Hong Kong’s banking system waded into the political minefield over the former colony’s future for the first time since protests last year and backed Beijing … ( read original…
360 Finance Among First Wave of Companies to Register its Financial Services App with China’s NIFA
Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that its mobile application “360 Jietiao” was among the first batch of finan … ( read original story…
China may sell Treasurys, but that doesn’t mean it’s ‘weaponizing’ its more than $1 trillion hoard of U.S. debt, says Deutsche Bank
Deutsche Bank analysts say any sale of U.S. Treasurys by Beijing is likely unrelated to efforts by China to retaliate against the U.S., as tensions … ( read original story …)
Head of U.S. Senate finance panel sees China keeping trade deal commitments
The chairman of the U.S. Senate Finance Committee said on Tuesday he is not worried that China will fail to keep its commitments under the Phase 1 U.S.-China trade deal in the long term, despite…
Senate Finance examines overseas drug manufacturing today
USTR extends fifth batch of China tariff exclusions for only six months — China reportedly orders halt of some U.S. agricultural purchases … ( read original story …)
UPDATE 1-China c.bank vice governor says more policy support needed amid pandemic
China’s central bank vice governor said on Tuesday the economic hit from the coronavirus pandemic was bigger than first expected and that more monetary and credit policy support was needed. China … ( read original…
360 Finance Receives App Security and Information Security Certifications from China’s CVERC
Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that its fintech services application, 360 Jietiao, has received both the … ( read original story …)
Why Is Beijing Bailing Out Car Inc.?
Famed investor Carl Icahn couldn’t save an American emblem, Hertz Global Holdings Inc. So why does a Beijing-backed enterprise think it can rescue China’s largest car rental company? With its … ( read original story …)
China c.bank to buy bank loans to spur lending to small firms by 1 trln yuan
China’s central bank will start buying bank loans made by local lenders to small firms this week to try to prod banks to lend as much as 1 trillion yuan ($140.18 billion) to small businesses…
RPT-UPDATE 2-China c.bank to buy bank loans to spur lending to small firms by 1 trln yuan
BEIJING, June 1 (Reuters) – China’s central bank will start buying bank loans made by local lenders to small firms this week to try to prod banks to lend as much as 1 trillion yuan…
