HSBC Holdings supports China in implementing new national security laws in Hong Kong

An executive of HSBC Holdings signed a petition to support China's implementation of security laws against Hong Kong, showing that the bank is on the side of Beijing in the battle surrounding Hong Kong's future.

Breaking up with China, is the US ready to pay for this?

If the "decoupling" continues to advance, more federal funds may be needed for basic research, and American consumers will have to pay more for luxury security and diversified supply chains.

China reactivates Shanghai-London Stock Connect, approved China Pacific Insurance to list in London

The China Securities Regulatory Commission has approved China Pacific Insurance's plan to sell global depository receipts in London, which indicates that cooperation between the UK and Shanghai stock markets has restarted.

The People's Bank of China will buy loans from local corporate banks to stimulate lending

The People's Bank of China stated that it would purchase loans from local corporate banks and conduct interest rate swaps to encourage banks to increase loans to small and micro enterprises severely affected by the new crown epidemic and extend loan repayment terms.

NetEase and JD.com advance plans for secondary listing in Hong Kong

People familiar with the matter said to The Wall Street Journal that the listing plans of online gaming company NetEase and e-commerce platform operator JD.com will be reviewed by the Hong Kong Stock Exchange Listing Committee on Thursday.

Yi Gang: Increasing monetary policy innovation to improve the efficiency of financial support

In an interview with the Central Bank's Financial Times recently, Yi Gang, governor of the People's Bank of China, said that he will increase monetary policy innovation, improve the targetedness and precision of financial support, and help companies, especially small and micro enterprises, recover from the epidemic.

Chinese companies may be forced to abandon listing in the US

According to legislation passed by the US Senate on Wednesday, Chinese companies may be forced to abandon listing on the US stock exchange.

Trump may require US-listed Chinese companies to abide by US accounting standards

US President Trump said he is considering whether to require Chinese companies listed in the United States to comply with US accounting standards, but he is also worried that doing so may prompt these companies to be listed elsewhere.

Global market remains stable, investors waiting for Chinese data and US-China relations

While investors weighted on the mixed Chinese economic data and the impact of the renewed tightening of US-China relations, there was little change in global stock markets.

China's April FDI grows again positively after two months

The Chinese Ministry of Commerce announced on Thursday afternoon that the actual amount of foreign capital used in the banking, securities and insurance sectors in April was equivalent to US $ 10.14 billion, an increase of 8.6% year-on-year. But it still fell 8.4% year-on-year from January to April.

China's first quarter leverage ratio rises significantly

The People's Bank of China stated that as the Chinese government eased monetary policy during the new crown epidemic to resume economic development, China's overall leverage ratio increased significantly in the first quarter.

Trump requires federal retirement funds to avoid investing in Chinese stocks

The US Department of Labor is putting pressure on regulators of the United States' largest 401 (k) plan, the Federal Thrift Savings Program, to cancel a plan that will allow investment in Chinese stocks, arguing that investing in Chinese companies faces risks such as insufficient information disclosure.

Under the epidemic, the off-balance-sheet debt of China's local governments surged again

Previously, the central government adopted a tougher attitude towards local government financing platform debt. However, the current position of the Chinese leadership has changed, shifting the focus from debt control to promoting economic growth.

Investment bankers expect corporate M&As to rebound after the new epidemic subsides

The epidemic has weakened global M&A activity and disturbed several large-scale mergers, investments and M&A transactions. However, as the epidemic in some parts of the world began to subside, investment bankers said that more and more companies may choose to conduct transactions in preparation for the eventual recovery of the economy.

HSBC Holdings to acquire the entire equity of China Life Insurance JV

HSBC Holdings Co., Ltd. said on Monday that its subsidiary HSBC Insurance Group (Asia Pacific) Co., Ltd. will acquire the remaining 50% stake in the Chinese joint venture HSBC Life Insurance under the new regulations.

China established a new bank to undertake part of the business of Baoshang Bank

After nearly a year of hard work to mitigate the risks faced by domestic small banks, China established Mongolian Commercial Bank to undertake the business of Inner Mongolia Autonomous Region. Huishang Bank will undertake the business outside the Inner Mongolia Autonomous Region.

Regulators say China commercial banks' non-performing loans are expected to grow in the second quarter

China ’s banking regulator said on Wednesday that China’s commercial banks ’non-performing loans are expected to increase in the second quarter of this year because corporate and individual borrowers are experiencing difficulties in loan repayments under the impact of the new epidemic.

The scale of debt repayment of Chinese enterprises due to the epidemic has exceeded RMB 700 billion

Deferred debt service has enabled many companies to maintain their solvency, and to some extent alleviated the damage caused by China's economic slowdown. However, the defaulted loans are piled up in banks and other lenders. If the borrowers cannot pay their deferred interest and principal, these lenders will eventually lose money.

Chinese insurance companies provide new epidemic-related insurance

Chinese insurance companies are undertaking an unusual mission: as hundreds of millions of people return to work and China seeks to accelerate economic growth, these companies promise to cover the commercial losses caused by the new epidemic.