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China rolls out credit guarantee fund, for small business
on: August 09, 2018In: Banking & Finance, Brief, Economics & Trade, MarketsTags: No Comments
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https://chinaeconomicreview.com/china-rolls-out-credit-guara…

"China has launched a multi-billion dollar credit guarantee fund to aid the channelling of funds to cash-starved sectors of the economy, Caixin reports.

The National Financing Guarantee Fund will kick off with starting capital of Rmb 66.1 billion ($9.7 billion). The country’s Ministry of Finance is the fund’s largest shareholder with a 45% stake, with the remaining stakes distributed among 20 state financial institutions.

The fund is part of Beijing’s wider scheme to open more financing channels to small businesses, agriculture and innovative industries by using gains from equity investments to offer guarantees for loans. China’s State Council has estimated that the fund will provide guarantees on over Rmb 500 billion of loans over the next years."
China’s “Uber for trucking” plans $1 billion fundraiser
on: August 09, 2018In: Autos, Brief, Investment, Tech, Media & Telecom, Transport & LogisticsTags: No Comments
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https://chinaeconomicreview.com/chinas-uber-for-trucking-pla…

"Chinese truck-hailing app Manbang is looking to raise $1 billion in a new funding round, sources told the Wall Street Journal.

Manbang – also known as Full Truck Alliance Group – is a platform that connects merchants looking to transport cargo with available truck drivers. It has been nicknamed China’s “uber for trucks” and has attracted the previous backing of the likes of SoftBank and Alphabet Inc.

The funds raised will go towards expanding Manbang’s China business, as well as potential domestic acquisitions in industries such as autonomous trucking, according to one source.

Should the new round be successful, the Guiyang-based company’s valuation will stand at $10 billion, shooting up from $6 billion following a previous fundraising round in April this year where it gathered $1.9 billion in investment."
China proposes 10-step approach, to curb P2P risk
on: August 13, 2018In: Banking & Finance, Brief, Law & Regulation, MarketsTags: No Comments
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https://chinaeconomicreview.com/china-proposes-10-step-appro…

"Beijing has responded to the recent crisis in the country’s massive peer-to-peer (P2P) lending market with the laying out of 10 measures aimed at re-establishing financial stability, state media reports.

The proposed measures include a ban on local authorities, who oversee the administration of new financial services in their region, from allowing any new P2P platforms to open, state-run Xinhua said. Local governments should also set up “communications windows” with investors and to assist with compliance inspections.

Any borrower who tries to avoid P2P loan repayments will be included on a blacklist in China’s social credit ratings system.

China’s Rmb 1.49 trillion ($217.96 billion) P2P lending market was hit with a wave of closures in recent months with many investors finding themselves unable to withdraw their deposited funds and in some cases even contact company managers. Last week several hundred angry investors planned a protest in Beijing’s financial district, but this was quickly quelled by law enforcement."
US Senate passes bill, to cut tariffs on Chinese goods
on: July 27, 2018In: Brief, Economics & Trade, Politics & SocietyTags: No Comments
https://chinaeconomicreview.com/us-senate-passes-bill-to-cut…
www.reuters.com/article/us-usa-congress-trade/u-s-senate-qui…

"Despite no signs from the White House of easing trade tensions with Beijing, the US Senate has passed a substantial bill to cut tariffs on hundreds of consumer and industrial imports from China.

The house unanimously passed a bill that would significantly lower trade barriers on around 1,660 products shipped into the US, nearly half of which are produced in China, according to Reuters’ analysis.

The bill – nicknamed the “miscellaneous tariff bill” – has now been passed by both houses and will shortly be sent to the President’s office for final approval. The White House has not spoken publicly about the bill.

News of the measure was welcomed by some industry members who benefit from importing the products for their own businesses. The US National Association of Manufacturers said that at present the tariffs cost American firms up to $1 million a day.

“It makes no sense because it is a direct and punishing tax on making things in America and for creating jobs in America,” said Jay Timmons, the association’s president."
China’s central bank to ease capital requirement, to support lending
on: July 27, 2018In: Banking & Finance, Brief, Economics & TradeTags: No Comments
https://chinaeconomicreview.com/chinas-central-bank-to-ease-…
www.bloomberg.com/news/articles/2018-07-25/pboc-is-said-to-e…

"The People’s Bank of China plans to ease one of its capital requirements for banks in a further attempt to encourage lending, sources told Bloomberg.

In a notice sent to several banks on Wednesday, the central bank said that the so-called “structural parameter” in the Macro-Prudential Assessment of balance sheets will be eased by 0.5%, freeing capital for lending purposes, according to the unnamed sources.

The move, yet to be made public, would follow a string of measures recently brought in by Beijing to help support the economy amid rising threats of an impending slowdown and trade war with the US, including proposed tax cuts and a $74 billion stimulus package. The sources added that the bank considers the capital-buffer reduction as a counter-cyclical adjustment reaction to the growing trade uncertainty."
China’s slow import growth points to domestic demand troubles
on: July 13, 2018In: Consumer, Economics & Policy, Economics & TradeTags: No Comments

https://chinaeconomicreview.com/chinas-slow-import-growth-po…

"China’s trade data for June suggests a softening of domestic demand as imports slowed beyond expectations. But export growth has held steady despite escalating trade tensions with the United States.

According to official monthly data, China’s export growth moderated slightly to 11.3% year-on-year (y/y) from 12.2% y/y in May, still beating the market consensus of 9.5% y/y. Of particular interest is how shipments to the US fared in the month when the first blows of the trade were dealt: the figures show that export growth to the US showed a slight uptick in June from 11.6% y/y to 12.6% y/y, although, as Julian Evans-Pritchard of Capital Economics wrote, this was likely to have been heavily influenced by companies boosting shipments to stock up on goods before tariffs were introduced.

Imports saw a more marked slowdown to just 14.1% y/y from 26.0% y/y in May, against a Bloomberg average of 21.3% y/y, suggesting that domestic demand has weakened after tailwinds earlier in the year. Mechanical and electrical products, which together constitute around 40% of China’s imports, were among the weakest performers in June, growing at 5% y/y from 23.6% y/y the previous month. High-tech products also slumped to single-figure growth after growing at over 20% y/y for the last three months.

Together this meant June’s trade surplus expanded to $42 billion from $24 billion in May – a six-month high. However, some analysts expect this higher surplus to be short-lived. Said Betty Wang, senior China economist at ANZ Research: “China’s exports are facing higher downside risks in H2 as the US started to impose tariffs on Chinese products from 6th July with the possibility of expanding the tariff list in the future… This could cap China’s export growth in the upcoming quarters.” The effects of front-loading in anticipation of additional levies and continued weaker domestic investment spending are also headwinds that China will face over the next six months.

In terms of policy response, slowing import growth comes as domestic demand weakens from the fallout of Beijing’s deleveraging campaign, reinforcing the government’s case to ease its monetary policy in coming months."
https://apnews.com/fd5f4fbaf7de4256b9974db432b7459b


"ASPEN, Colo. (AP) — China is waging a “quiet kind of cold war” against the United States, using all its resources to try to replace America as the leading power in the world, a top CIA expert on Asia said Friday.

Beijing doesn’t want to go to war, he said, but the current communist government, under President Xi Jingping, is subtly working on multiple fronts to undermine the U.S. in ways that are different than the more well-publicized activities being employed by Russia.

“I would argue ... that what they’re waging against us is fundamentally a cold war — a cold war not like we saw during THE Cold War (between the U.S. and the Soviet Union) but a cold war by definition,” Michael Collins, deputy assistant director of the CIA’s East Asia mission center, said at the Aspen Security Forum in Colorado.

Rising U.S.-China tension goes beyond the trade dispute playing out in a tariff tit-for-tat between the two nations.

There is concern over China’s pervasive efforts to steal business secrets and details about high-tech research being conducted in the U.S. The Chinese military is expanding and being modernized and the U.S., as well as other nations, have complained about China’s construction of military outposts on islands in the South China Sea.

“I would argue that it’s the Crimea of the East,” Collins said, referring to Russia’s brash annexation of Ukraine’s Crimean Peninsula, which was condemned throughout the West.

Collins’ comments track warnings about China’s rising influence issued by others who spoke earlier this week at the security conference. The alarm bells come at a time when Washington needs China’s help in ending its nuclear standoff with North Korea.

On Wednesday, FBI Director Christopher Wray said China, from a counterintelligence perspective, represents the broadest and most significant threat America faces. He said the FBI has economic espionage investigations in all 50 states that can be traced back to China.

“The volume of it. The pervasiveness of it. The significance of it is something that I think this country cannot underestimate,” Wray said.

National Intelligence Director Dan Coats also warned of rising Chinese aggression. In particular, he said, the U.S. must stand strong against China’s effort to steal business secrets and academic research.

Susan Thornton, acting assistant secretary of state for East Asian and Pacific affairs, said increasing the public’s awareness about the activities of the hundreds of thousands of Chinese students or groups at U.S. universities could be one way to help mitigate potential damage.

“China is not just a footnote to what we’re dealing with with Russia,” Thornton said.

Marcel Lettre, former undersecretary of defense for intelligence, said China has the second-largest defense budget in the world, the largest standing army of ground forces, the third-largest air force and a navy of 300 ships and more than 60 submarines.

“All of this is in the process of being modernized and upgraded,” said Lettre, who sat on a panel with Collins and Thornton.

He said China also is pursuing advances in cyber, artificial intelligence, engineering and technology, counter-space, anti-satellite capabilities and hypersonic glide weapons. Army Lt. Gen. Robert Ashley, head of the Defense Intelligence Agency, told a congressional committee earlier this year that China is developing long-range cruise missiles — some capable of reaching supersonic speeds.

“The Pentagon has noted that the Chinese have already pursued a test program that has had 20 times more tests than the U.S. has,” Lettre said.

Franklin Miller, former senior director for defense policy and arms control at the National Security Council, said China’s weapons developments are emphasizing the need to have a dialogue with Beijing.

“We need to try to engage,” Miller said. “My expectations for successful engagement are medium-low, but that doesn’t mean we shouldn’t try.”"
Chinese regulators look to ban financial “channeling”
on: July 24, 2018In: Banking & Finance, Brief, Business Practice, Law & RegulationTags: No Comments
https://chinaeconomicreview.com/chinese-regulators-look-to-b…

"China’s securities regulator has released new draft rules that will ban securities firms and fund managers from taking part in “channeling,” a controversial practice that helps clients circumvent regulations that restrict what kind of projects they can invest in, Caixin reports.

Channeling has been in the crosshairs of regulators for a while because it increases risk in the asset management industry, which has ballooned to $3.8 trillion in recent years and has also fueled the rise of “shadow banking” in China.

“The channeling business is a business that should be gradually cleaned up,” an official at the CSRC’s Shenzhen office told Caixin.

A typical case of channeling would involve a securities firm acting as an intermediary to help a bank lend money to a borrower that has been banned from seeking further credit from banks, such as local government financing vehicles or real estate developers under financial stress."
China funds plummet in June, as investors lose confidence
on: July 24, 2018In: Banking & Finance, Brief, Investment, MarketsTags: No Comments
https://chinaeconomicreview.com/china-funds-plummet-in-june-…
http://www.bloomberg.com/news/articles/2018-07-23/china-hedg…

"China-heavy funds had their worst-performing month since January 2016 in June, Bloomberg reports, after a slump in the country’s benchmark stock indices and tumbling currency rattled investors’ confidence in the Chinese market.

Hedge funds managed by firms such as Modus, Yuanhao, and even Wall Street giants like Morgan Stanley saw an average of 4.4% losses in June, according to market researchers Eurekahedge. The Shanghai Composite fell 8% over the course of the month as trade rhetoric from the US and Beijing turned into action with the signing of a first round of tariffs by both sides.

The yuan, meanwhile, has lost 4.5% on the dollar since the middle of last month.

“The sudden turn of sentiment starting mid-June has resulted in a panic stampede as investors sell shares indiscriminately,” said Modus in its company newsletter, adding that it expects the government to use lower import tariffs and income tax cuts to buoy consumer confidence and domestic demand."
Beijing to accelerate tax cuts and boost spending as growth falters
on: July 24, 2018In: Brief, Economics & TradeTags: No Comments
https://chinaeconomicreview.com/government-to-take-more-proa…

"China will pursue a more active fiscal policy to bolster economic growth during a time of growing internal and external challenges, according to the State Council.

Following a meeting on Monday, the Council resolved to focus on tax reduction and heightened infrastructure spending funded by the issuance of government bonds, reports Caixin. China’s current quota for special bond issuance stands at Rmb 1.35 trillion ($200 billion), up 69% from Rmb 800 billion last year.

The meeting rejected the option of a large stimulus package but promised that businesses will have Rmb 1.165 trillion more this year after tax cuts. The proposed tax cuts will make good on commitments made previously to alleviate the fiscal burden on China’s corporations by Rmb 1.1 trillion made earlier this year.

The move comes a week after a public debate was triggered by an article written by a senior researcher at China’s central bank, in which the government’s fiscal policy was criticised for not being proactive enough at a time when both monetary and fiscal methods must be leveraged."
China gives banking system $74 billion injection
on: July 24, 2018In: Banking & Finance, Brief, Economics & Trade, MarketsTags: No Comments
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https://chinaeconomicreview.com/china-gives-banking-system-7…

"The People’s Bank of China supplied the country’s banking sector with an additional Rmb 502 billion ($74 billion) on Monday, the Financial Times reports, continuing a series of moves by Beijing to ease monetary policy amid rising economic threats including a trade war with Washington.

The injection will be made via the central bank’s Medium-term Lending Facility (MLF) – a lending mechanism that offers commercial banks three- to twelve-month loans. This will be the largest injection made to date using the MLF tool.

This is the second time in two months that the People’s Bank has attempted to boost the economy through a cash injection. In late June the bank freed up Rmb 700 billion for commercial banks by lowering the reserve requirement ratio.

With the prospect of slowing demand in key sectors such as housing and cash-flow concerns rising throughout areas of the nation’s banking sector, Beijing will hope Monday’s injection will provide some liquidity relief whilst not reversing its policy of wider deleveraging."
Antwort auf Beitrag Nr.: 58.014.559 von Boersenfreund9 am 19.06.18 08:32:42Ich denke es wird bald richtig Kohle zu verdienen sein. Es fallen eigentlich alle Aktien ob Sie nun vom Export in die USA betroffen sind oder nicht.

Zweifellos alles sehr negativ keine Frage. Aber ich denke darauf hat der Finanzmarkt händereibend gewartet!:lick:

(Wahrscheinlich werden die Zölle eh nicht lange Bestand haben. Kann ich mir kaum vorstellen.:confused:)
_________________________________________________________________________





Ohne Eine Nähere Beurteilung("Was, Wann, Wo, Wie, ---->EVT"),
aber Ihr Denken gefällt Mir.

Ich denke, auch, wenn man an chinesischen Aktien interessiert ist,
kann man nach+nach selektiv den Radar SCHÄRFEN.
Antwort auf Beitrag Nr.: 58.214.663 von Popeye82 am 14.07.18 16:28:23Chinese consumers READY TO BOYCOTT US GOODS, IN TRADE WAR
on: July 18, 2018In: Brief, Consumer, Economics & TradeTags: No Comments

https://chinaeconomicreview.com/chinese-consumers-ready-to-b…

"A new survey by a Financial Times research unit has shown that the majority of Chinese consumers are willing to boycott the purchase of US goods should an all-out trade war emerge between Beijing and Washington.

The survey, which involved 2,000 respondents from 300 cities, found that 54% of people would “probably” or “definitely” stop buying goods originating in the US “in the event of a trade war”. Only 13% said they were not willing to do so.

Those with the highest willingness to forego US products were aged between 25 and 29, on lower-middle incomes and from smaller cities.

The survey was conducted mostly before the Trump administration signed in 25% tariffs on $34 billion of Chinese goods on July 6th, with Beijing imposing matching retaliatory measures.

Although Beijing has yet to call for any boycotting of US goods, it has previously done so on South Korean and Japanese products after geopolitical disagreements with the countries."
China sovereign wealth fund eyes domestic stocks
on: July 16, 2018In: Banking & Finance, Brief, Investment, MarketsTags: No Comments
https://chinaeconomicreview.com/china-sovereign-wealth-fund-…
http://www.bloomberg.com/news/articles/2018-07-15/china-stoc…

"China Investment Corporation, the nation’s sovereign wealth fund, is seeking permission to invest in domestic securities, sources told Bloomberg, as Chinese markets fall to near-four-year lows.

Pending approval from Beijing, CIC’s involvement in domestic markets could provide a much-needed boost to China’s struggling financial markets, which entered bear market territory in recent weeks as economic threats from rising defaults and a US-China trade war have shaken investors’ confidence.

The $941 billion fund recently posted record returns for 2017 from its overseas portfolio. The head of CIC’s asset allocation, Fan Hua, said during a public forum last month that Chinese shares and yuan-denominated bonds could provide the fund with “very good opportunities.”
Like this:"
China’s policy banks discuss landmark deal with international lenders
on: July 16, 2018In: Brief, Economics & Trade, Investment, Transport & LogisticsTags: No
https://chinaeconomicreview.com/chinas-policy-banks-look-to-…

"The China Development Bank (CDB) and the Export-Import Bank of China (Ex-Im Bank) are in talks with other international lenders over cooperation on overseas projects after a number of Beijing-led deals have experienced problems.

In a statement to the Financial Times, the CDB said that the bank was “actively co-operating” with the European Bank for Reconstruction and Development (EBRD) to establish a co-lending arrangement, whereby the CDB will follow “international standards” – such as greater, more open competition for project contracts and more comprehensive environmental impact assessments.

Should the two sides sign a memorandum of understanding to cooperate, this would be the first example of China’s development banks, which together are the largest of their kind worldwide, removing the requirement that funded projects be carried out principally by Chinese companies.

According to the FT, some 14% of the 1,674 China-led investment projects associated with the Belt and Road initiative since 2013 have faced problems including public protests, poor governance, performance delays, and concerns surrounding national security."
Economists raise China 2018 growth forecast
on: July 13, 2018In: Brief, Economics & Trade, Markets, Politics & SocietyTags: No Comments
https://chinaeconomicreview.com/economists-raise-china-2018-…
http://www.reuters.com/article/us-china-economy-poll/economi…

"A Reuters poll of economists has predicted that China’s 2018 GDP growth will be higher than previously expected, despite the cluster of economic threats facing the world’s second largest economy in the second half of the year.

The 76 analysts surveyed gave an average forecast of 6.6% growth for the year, up from the 6.5% prediction made in April. The forecasts ranged from 6.3% to as high as 6.9%.

The government set itself the target of 6.5% annual growth during the Two Sessions meetings in March, down from 6.9% posted in 2017. In addresses from senior officials, however, rapid GDP growth was given less weight relative to previous years, with greater emphasis on more sustainable growth rates.

China’s first quarter growth figures exceeded expectations at 6.8%, however it is widely believed that the next six months will be challenging for the nation’s economy due to escalating trade tensions with the US and fallout from Beijing’s debt crackdown, causing momentum to ease somewhat."
Antwort auf Beitrag Nr.: 58.182.731 von Popeye82 am 11.07.18 02:28:09US tariff list to tackle “all sectors” of China’s economy
on: July 12, 2018In: Agriculture, Brief, Consumer, Economics & Trade, Energy & EnvironmentTags:
https://chinaeconomicreview.com/us-tariff-list-to-tackle-all…
http://www.bloomberg.com/news/articles/2018-07-11/world-s-mo…

"The US’s plans to hit $200 billion worth of Chinese imports with 10% levies will span the range of consumer and industrial goods, from agricultural and beverages to fuel and trailers.

The US Trade Representative’s tariff list covers over 6,000 product types “from across all sectors of the Chinese economy”, Caixin quote. According to the USTR, the measures have been put in place as a reprimand for Beijing’s retaliatory tariffs introduced last week in a tit-for-tat move, with it becoming “apparent”, that the initial $34 billion signed in by the White House was “not sufficient” to force China to change its controversial trade practices.

Amongst the $200 billion list are goods that, as Bloomberg noted, are no longer traded between the US and China, such as trout, as well as unexpected products such as badger hair. Some significant non-consumer goods, like the relatively clean fossil fuel liquefied natural gas, have also made it onto the shortlist.

The new tariffs, should they come into effect after a comment period at the end of August, could slow China’s economic growth for the year by 0.3-0.5%, according to Caixin."
Tesla to build first overseas factory in Shanghai
on: July 11, 2018In: Autos, Brief, Investment, ManufacturingTags: No Comments
https://chinaeconomicreview.com/tesla-to-build-first-oversea…
http://www.wsj.com/articles/tesla-to-build-auto-factory-in-s…
https://reneweconomy.com.au/tesla-inks-china-giga-factory-de…

"Tesla has been granted permission to build a factory in Shanghai, the Wall Street Journal reports, making the electric-car company the first foreign auto firm to have a wholly-owned facility in China.

The new plant is expected to manufacture 500,000 vehicles a year within the next decade, according to Shanghai authorities. China is Tesla’s second largest market, with some 17,000 cars being sold in 2017. In the same year, sales of electric vehicles across China reached 580,000, according to IHS Markit.

Tesla is capitalising on the opportunity granted by the Chinese government earlier this year to foreign auto companies, whereby rules forcing overseas firms to enter into joint ventures with domestic brands are to be phased out.

Under the new system, Tesla will be able to keep all of its profits and will not be obliged to share intellectual property secrets with the venture partner."
State asset manager sets up special fund, for bankrupt firms
https://chinaeconomicreview.com/state-asset-manager-sets-up-…

"China Cinda Asset Management – one of the big four state-run asset managers – has launched a RMB 10 billion ($1.5 billion) fund designed to give liquidity relief to firms undergoing bankruptcy proceedings.

Due to the competing interests of parties involved in an insolvent company’s bankruptcy proceedings, some immediate financial obligations such as taxes, salaries, and severance packages may not be covered, delaying the path to bankruptcy.

“Some of these companies should have been eliminated by the rules of the marketplace, but when it comes time for liquidation, they face problems such as how to tackle the fees they owe,” Caixin quotes one Cinda official as saying.

Firms in such a position are not eligible for further loans from commercial banks, according to the official, so Cinda’s fund is filling that gap. He added that the fund had already invested RMB 158 million in such companies as of the end of last month."
Antwort auf Beitrag Nr.: 58.161.857 von Popeye82 am 07.07.18 21:11:52http://www.mofcom.gov.cn/article/ae/ag/201807/20180702763232…
"中美贸易战的冷思索

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