Chinese state-owned entities are in talks about investing a combined $5 billion to $10 billion in Aramco’s initial public offering, as Saudi Arabia seeks commitments from friendly governments to shore up the record share sale, people with knowledge of the matter said.
— Read on www.bloomberg.com/news/articles/2019-11-06/china-said-to-discuss-at-least-5-billion-aramco-ipo-investment
Tag: China
China 5G mobile networks go online as race with US heats up
China Telecom, China Unicom and China Mobile all unveiled 5G plans that start at around 128 yuan or $18 per month, but challenges including a lack of 5G handsets and the price of data could hold back adoption, experts warned.
— Read on www.cnbc.com/2019/11/01/china-5g-mobile-networks-go-online-as-race-with-us-heats-up.html
Don’t Call It Stagflation, But China Assets Flash Economic Worry – Bloomberg
A rare, simultaneous bout of weakness is hitting Chinese bonds and stocks, exposing growing unease about the dual brunt of slowing output growth and rising prices in the world’s second-largest economy.
— Read on www.bloomberg.com/news/articles/2019-11-01/don-t-call-it-stagflation-but-china-assets-flash-economic-worry
How 5G Will Change China (Beyond Faster Video Games): QuickTake – Bloomberg
When China’s wireless carriers debut their 5G networks this year, early adopters whose mobile phones can handle the ultra-fast speeds won’t be the only beneficiaries. Rolling 5G service out to the world’s biggest population also should give a boost to China’s digital economy, including makers of telecommunications equipment, platforms and applications for the internet of things, autonomous driving, surveillance and factory automation. It’s the kind of head start that will be expensive at first b
— Read on www.bloomberg.com/news/articles/2019-10-29/how-5g-will-change-china-beyond-faster-video-games-quicktake
Starbucks Coffee App for Purchases with Bitcoin Aims 2020 Debut – Bloomberg
The push to integrate cryptocurrencies into global commerce looks a step closer to reality.
— Read on www.bloomberg.com/news/articles/2019-10-28/starbucks-crypto-consumer-app-targeted-for-first-half-of-2020
Chinese Bitcoin Mining Machine Maker Canaan Files for U.S. IPO – Bloomberg
Canaan Inc., the world’s second-largest maker of Bitcoin mining machines, filed for a U.S. initial public offering.
— Read on www.bloomberg.com/news/articles/2019-10-28/chinese-bitcoin-mining-machine-maker-canaan-files-for-u-s-ipo
China studying blockchain application for forex – regulator – Reuters
China is studying the application of blockchain and artificial intelligence in cross-border financing with a focus on risk management, and will further liberalize its capital markets, a senior foreign exchange regulator said on Sunday.
— Read on www.reuters.com/article/us-china-forex-opening/china-studying-blockchain-application-for-forex-regulator-idUSKBN1X605F
Alipay, Tencent Beware: China’s Digital Yuan Is Closing In – Bloomberg
Chinese billionaires Jack Ma and Pony Ma, who built their online finance empires by dominating the country’s online payments industry, are facing what could be the strongest competitor yet: the central bank.The People’s Bank of China is set to provide its own electronic version of the yuan soon, potentially the first major central bank in the world to issue a digital national currency. In doing so, the PBOC is throwing down the gauntlet to Ant Financial’s Alipay and Tencent Holdings Ltd.’s WeCha
— Read on www.bloomberg.com/news/articles/2019-10-24/alipay-tencent-beware-china-s-digital-yuan-is-closing-in
China economy: PBOC keeps LPR lending benchmark unchanged in October
The one- and five-year Loan Prime Rates for October remained at 4.20% and 4.85%, respectively — unchanged from September.
— Read on www.cnbc.com/2019/10/21/china-economy-pboc-keeps-lpr-lending-benchmark-unchanged-in-october.html
China’s economic growth could fall below 6% in 2020, says the IMF
The fund, in its World Economic Outlook report, said the Chinese economy could grow at 5.8% next year — slower than the 6.1% forecast for 2019.
— Read on www.cnbc.com/2019/10/21/chinas-economic-growth-could-fall-below-6percent-in-2020-says-the-imf.html