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Chinese bank profits expected to have surged as bad loans eased – South China Morning Post

Chinese bank profits expected to have surged as bad loans eased  South China Morning Post China c.bank increases cash injections to soothe tightening worries  Reuters China’s central bank increases liquidity injections  Capital.com China’s Digital Yuan: A Threat to Freedom | Cato at Liberty Blog  Cato Institute China central bank increases…
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Banking giant bullish on China market

A logo of Standard Chartered is seen in Nanjing, East China’s Jiangsu province, on Oct 24, 2020. [Photo/IC] Standard Chartered’s CEO sees growth potential as nation furthers opening-up China will remain a pivotal market for Standard Chartered Bank (Finance & Banking Trends) as the company aligns strategic priorities with the…
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Debt-laden China Evergrande warns of profit plunge, restructuring talk grows

An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip HONG KONG, Aug 26 (Reuters) – The government of Guangdong province is seeking feedback from major banks of debt-laden property developer China Evergrande Group (3333.HK) about forming a creditor committee, as the company warned…
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Analysis: Hong Kong’s global banks brace for ‘cold war’ to escalate

Financial institutions have been grappling with rising geopolitical risks, which have put pressure on how they operate in Hong Kong. The latest blow: orders to block access to retirement funds for Hong Kongers looking to leave the city on special British passports issued largely during colonial rule. This month, politicians…
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Chinese bank profits expected to have surged in first half as economic rebound eased the burden of bad loan provisions

Chinese banks’ profits are expected to have grown by an average of 23 per cent in the second quarter from a year ago, as sustained economic growth eased the burden of bad loans that had been weighing on their earnings. The three months to June 30 may prove to be…
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Digital Financial Inclusion in China | Africanews

China’s Experience in Digital Financial Inclusion [1] 1. Background Financial inclusion is the next step in the evolution of financial systems and has played a key role in the development of China’s finance. Before 1978, China’s macro economy was primarily regulated through fiscal policies, first establishing a modern banking system…
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EXCLUSIVE Limited Chinese cooperation hindering U.S. fentanyl fight -congress report

A man living on the streets of San Francisco, California, displays what he says is the synthetic drug fentanyl. February 27, 2020. REUTERS/Shannon Stapleton/File Photo Aug 24 (Reuters) – Weak cooperation between U.S. and Chinese authorities is hindering efforts to curb increasingly sophisticated forms of fentanyl trafficking, according to a…
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Beijing Embraces ‘Moral Hazard’ – The Huarong Bailout Was The Right Move

“The key question is whether the state [China] will choose to intervene…” – CNBC, July 20  “The ‘too big to fail’ argument finally wins in the case of Huarong’s restructuring.” – Wall Street Journal, August 19 Shanghai, CHINA: A Chinese investor walks past a stock price board showing falling prices…
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Evergrande vows to fix debt after rare China rebuke

China Evergrande Group pledged to fix its debt problems following a rare public rebuke from regulators as the developer struggles to stave off a liquidity crisis.Evergrande said it will do its best to maintain stable operations, resolve debt risks, and keep stability in housing and financial markets. The People’s Bank…
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Jack Ma’s Costliest Business Lesson: China Has Only One Leader

Brainy and ambitious, Jack Ma built one of China’s largest business (Manila News-Intelligencer) empires from scratch, creating billions of dollars in wealth and introducing digital innovations to hundreds of millions of people. He wasn’t China’s Jeff Bezos, Elon Musk or Bill Gates. He was their peer. Now he has disappeared…
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