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Tagged By financials
China wants to boost loans to small businesses. Tech companies may be the answer
As China lacks a standardized credit system, roughly 80 percent of the nearly 90 million small and micro-sized enterprises don’t have a credit with a bank, according to Tencent-backed WeBank. That’s w… ( read original…
Being Bullish on China Bank Stocks Is a Losing Game
Making bullish calls on Chinese banking stocks must be a depressing endeavor. They’re falling behind again. On a market-cap weighted basis, the nation’s lenders rose only 6 percent this year, compared … ( read original…
U.S. charges China’s Huawei with bank fraud, stealing trade secrets
WASHINGTON (Reuters) – The United States on Monday charged China’s Huawei Technologies Co Ltd, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran … ( read original…
Citi sees stronger China wealthy client base in 2019 despite economy slowing
which provides debt and equity underwriting and financial advisory services. Late last year, Citi agreed to sell its minority stake in its China brokerage joint venture to its Chinese partner, Orient, … ( read original…
Trump’s Freeze on China Exposes Israeli Tech Firms to Chill Wind
(Bloomberg) — Igal Rotem’s fastest-growing market is China, while most of the investors in his online banking service are American. That puts the Israeli executive at the crux of a geopolitical power … ( read…
NVIDIA Is the Latest Company to Plummet on Slowing Growth in China
NVIDIA shocked investors this week when it revised its financial guidance, saying that “deteriorating macroeconomic conditions, particularly in China,” wreaked havoc on its original forecast. ( read original story …)
China names banking veteran to head securities regulator amid shaky markets
SHANGHAI/HONG KONG (Reuters) – China has appointed banking veteran Yi Huiman to head the China Securities Regulatory Commission (CSRC), putting governance of the nation’s stock markets in his hands at … ( read original story…
China Names ICBC Banking Veteran to Head Securities Regulator
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 ……
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…
