3Q18 Total Sales Up 21.9% YoY in RMB terms, or 19.6% YoY in USD terms; Non-GAAP Adjusted Net Income Down 12.7% YoY in RMB terms; Net Income Up 4.1% YoY to $32.9 Million Board of…
Tagged By financials
Beijing gets World Bank thumbs-up for its better business environment
The World Bank has endorsed China’s measures to improve its business environment for both foreign and private investors, granting the world’s second largest economy its highest ever ranking in the ann… ( read original story…
China to step up policy support for rural economy: central bank vice governor
BEIJING (Reuters) – China will step up monetary policy support for rural areas and encourage local firms to raise funds in the capital markets, said a central bank vice governor, pledging that Beijing … (…
China Likely to Rely on Fiscal Stimulus Measures for Economy
(Bloomberg) — Economists expect China’s government to rely more on fiscal stimulus to boost the economy out of the current slowdown, due to the limitations faced by the central bank. “The restriction… ( read original…
China, Japan must push financial cooperation
Financial cooperation between China and Japan has seen unprecedented changes recently, which is a positive sign amid the current global trend toward unilateralism. It also raises the question about wh… ( read original story …)
China’s aversion to big bang stimulus tested by Donald Trump’s US tariffs
Domestic firms bracing for 2019 jump in tariffs GDP data shows worsening household finances amid slowdown China is fighting the wrong yuan battle: Christopher Balding All our reporting from the 2018 C… ( read original…
MGM China Posts 2018 Third Quarter Financial Data
Revenue up 38% Year-on-Year Focus on Ramping Up MGM COTAI HONG KONG, Oct. 31, 2018 /PRNewswire/ — MGM China Holdings Limited (“MGM China” or the “Company”; SEHK Stock Code: 2282) today announced … ( read…
China’s interventions are a long-term drag on stocks
Since the middle of October, the China Securities Regulatory Commission, the country’s financial markets regulator, has adopted rules that encourage companies to buy back stock. It has also orchestrat… ( read original story …)
US must avoid a new cold war with China
What has been the most important event of 2018 so far? Arguably, it was the speech on US-China relations by Mike Pence, US vice-president, on October 4. It stated America’s intention to confront a ris……
China making fresh bid to boost loans to small firms as economy slows
BEIJING (Reuters) – China’s banking and insurance watchdog said on Tuesday that it will soon release new rules to boost financing to the private sector including small companies, and urged banks to ke… ( read…
China’s Yuan Drops to a Decade-Low, 7 Per Dollar Now in Sight
(Bloomberg) — China’s yuan touched the weakest level since May 2008, as the central bank cut its daily fixing and on signs that a trade war with the U.S. may escalate. The currency declined as…
UPDATE 1-China making fresh bid to boost loans to small firms as economy slows
BEIJING, Oct 30 (Reuters) – China’s banking and insurance watchdog said on Tuesday that it will soon release new rules to boost financing to small companies, and urge banks to step up support for firm……
China boosting loans to small firms as economy slows
China’s banking and insurance watchdog said on Tuesday that it will soon release new rules to boost financing to the private sector including small companies, and urged banks to keep lending to busine… ( read…
