Tuesday, December 1, 2020
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Tag: China

Japanese PM Shinzo Abe Offers Refuge to Hong Kong’s Financial Professionals

Japanese Prime Minister Shinzo Abe has said that Japan is willing to provide refuge to members of Hong Kong's financial sector in...

Didi Chuxing to Launch Ride-hailing Services in Sydney in March 2020

Chinese ride-hailing giant Didi Chuxing has unveiled plans to further expand its service offerings in Australia.

Central State-owned Enterprises Post Declining Debt-Asset Ratio in First Half

China's central state-owned enterprises (SOE's) posted a modest decline in their debt-asset ratios in the first half of 2018 amidst Beijing's ongoing deleveraging campaign. The...

China to Launch “One Window Processing” for Foreign-invested Enterprises Next Month

The Chinese central government has announced that foreign-invested enterprises will be able to access "one window processing" for both commercial filing and industrial and...

Ethereum Declared Best Blockchain by Chinese Government

A new report from China's Ministry of Industry and Information Technology (MIIT) has named Ethereum the leading public blockchain. The report from MIIT's China Center...

China’s Holdings of US Treasuries Hit Five Month High in March

The latest official data from the US Treasury Department indicates that China's holdings of US Treasury Bonds tapped a five month high in the...

China to Enter Bilateral Currency Swap Agreement with Japan

China and Japan will enter a bilateral currency swap agreement according to an article written by Premier Li Keqiang that was recently published by...

UBS Wants Majority Stake in Chinese Joint-venture as Permitted by New Regulations

Swiss investment bank UBS has announced that it plans to capitalise upon China's recent decision to lift restrictions on foreign ownership of domestic financial...

People’s Daily Stresses China’s Commitment to Intellectual Property Rights

The flagship newspaper of the Chinese Communist Party has run a headline news story on its official website reiterating Beijing's commitment to the protection...

Beijing Commits to Clearance of Zombie Enterprises, Excess Steel and Coal Capacity

China's central government says that it will continue to drive reductions in excess steel and coal capacity in 2018, as well as engage in...

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Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Big state-owned lender Bank of China (BOC) has issued a rosy forecast for Chinese GDP growth in 2021 following efforts to contain...

Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November

The People's Bank of China (PBOC) has announced that it undertook 200 billion yuan in medium-term lending facility (MLF) operations and 150...