Chinese state-owned banks have given the owners of failing Hong Kong Airlines a HK$4.4 billion loan, the group said in a filing to the Shanghai Stock Exchange late on Monday. HNA Group had earlier obtained the 4 billion yuan cash injection, and said the money would be used for aviation fuel, aircraft expenditure, operational expenses […] Read more
Ongoing civil unrest in Hong Kong is the biggest geopolitical threat to global markets, an economist told China Daily Network Thursday. Speaking to China Daily Network’s “Street Signs Europe,” Holger Schmieding, chief economist at Berenberg, said the worst-case scenario was “pretty clear” after President Donald Trump signed two bills backing protesters in Hong Kong. The […] Read more
China has overtaken the U.S. to become the world’s largest diplomatic network, according to the latest annual report from a Sydney-based think tank. The Lowy Institute’s 2019 Global Diplomacy Index, published Wednesday, showed China had climbed to the top spot for the first time, underlining Beijing’s growing international ambitions. The index is an analysis of […] Read more
China signalled on Friday that it has no plans to give up its government-led economic model or weaken the role of its state-owned enterprises (SOEs), a change the United States has stipulated as one of its key demands in the ongoing trade war negotiations. The comments came in an article by Vice-Premier Liu He – […] Read more
Chinese and American trade negotiators continue to wrestle with exactly which trade tariffs will be removed as part of a “phase one” deal between China and the United States and under what conditions, sources from both sides told the South China Morning Post, offering a possible explanation over the lack of visible progress. There is […] Read more
The speed with which the US Senate passed a bill that would allow Washington to suspend Hong Kong’s special status reflects growing concern about the situation in the city – something that business leaders have described as a greater source of worry than its contents. The Hong Kong Human Rights and Democracy Act breezed through […] Read more
Former White House chief economic advisor Gary Cohn said Monday that he believes President Donald Trump will go forward with the Dec. 15 tariffs if the U.S. and China haven’t agreed to a trade deal. “I think he thinks that that’s a forcing function and if he keeps blinking, he loses credibility in the Chinese […] Read more
China has the “resolution and power” to end the unrest in Hong Kong if necessary, the country’s ambassador to Britain said on Monday. Liu Xiaoming was speaking as tensions in the city remained high, with riot police and radicals facing off at a university. He blamed the protesters for unleashing “black terror” as he repeated […] Read more
Alibaba is planning a secondary listing in Hong Kong which is likely to take place in the last week of November and raise approximately $13 billion, a source with direct knowledge of the matter told China Daily Network. The Chinese e-commerce giant will issue 500 million new ordinary shares plus 75 million “greenshoe” options, the […] Read more
Cathay Pacific will transfer 16 orders for narrowbody Airbus aircraft to HK Express, its newly acquired budget airline, in a move that underscores confidence in the low-cost carrier and the entire group’s long-term prospects despite recent turmoil, an analyst said. Cathay on Friday said its order for 32 Airbus A321neo single-aisle jets would be split […] Read more
