Foreign rating agencies might soon be granted their first licences to operate in China, but their access to rate domestic bonds and traditional products that account for most of the market in the short term could be limited by regulatory constraints and their know-how of the mainland landscape, said Chinese executives in the industry. The […] Read more
By: Adam Jourdan FILE PHOTO – U.S. President Donald Trump and China’s President Xi Jinping shake hands REUTERS/Damir Sagolj/File Photo SHANGHAI (Reuters) – China and the United States can reach a trade agreement at the G20 meeting in Argentina this week, the state-run China Daily newspaper said in an editorial on Friday, but Washington must […] Read more
Prime Minister Theresa May was grappling with the biggest crisis of her premiership on Friday after a draft divorce deal with the European Union provoked the resignations of senior ministers and mutiny in her party. More than two years since the United Kingdom voted to leave the EU in a shock referendum, it is still […] Read more
Total revenues of the 34 A-share listed securities companies were registered at 184.55 billion yuan ($26.5 billion) in the first three quarters this year, Securities Times reported on Oct 31. CITIC Securities topped the list of revenues with 27.21 billion yuan, followed by Guotai Junan Securities (16.79 billion yuan ) and Haitong Securities (16.18 billion […] Read more
BEIJING, Nov. 7 (Xinhua) — China unveiled a plan on Wednesday to promote the construction of the Huaihe River green economic belt in a bid to foster regional economic and ecological development. The plan, issued by the National Development and Reform Commission, maps out the strategic positions and targets of the economic belt. It will […] Read more
Analysts warn growth could slow even more dramatically next year China’s economy has grown at its slowest pace since the global financial crisis as the trade war with the US and moves to tackle mounting debt start to bite. The world’s second largest economy expanded 6.5% in the quarter July to September from a year […] Read more
Hong Kong’s Hang Seng jumped 4.2%, China’s Shanghai Composite rose 2.7%, Japan’s Nikkei gained 2.56% and South Korea’s Kopsi rose 3.5%. The FTSE 100 was up 0.78%, the CAC 40 in Paris rose 1.26% and the Dax in Frankfurt climbed 1.44%. Markets moved higher after Bloomberg reported US President Donald Trump wants to reach an […] Read more
Stock markets in China gained on Friday after US President Donald Trump said trade talks with Beijing were “moving along nicely”. Hong Kong’s Hang Seng jumped 3.9%, Shanghai Composite rose 2.4% and the yuan firmed. The moves also follow media reports that pointed to progress on the US-China trade dispute. It comes ahead of a […] Read more
Image copyright: REUTERS The Chinese currency – the yuan – is flirting with the 7 mark against the US dollar, a level it hasn’t seen since the 2008 global financial crisis. The movements in the yuan are closely monitored, not least because the currency is a flashpoint in the US and China’s trade war. The […] Read more
China imported 80 percent less U.S. sorghum in September and upped its Brazilian imports of soybeans by 28 percent, according to new data from China’s General Administration of Customs. This is the first time that China has provided data on the country of origin for its commodity imports since the month of March. China typically […] Read more
