The US Department of Commerce on Tuesday posted a new rule that allows US companies to work with China’s Huawei to develop standards for 5G and other cutting-edge technologies, despite restrictions on doing business with the telecommunications equipment maker, reported Reuters. Reuters reported on Monday that the rule had been approved and sent to the […]
Category: Brief
Former UK Prime Minister David Cameron is pushing ahead with a troubled scheme to raise a $1 billion China investment fund despite a hardening of the British government’s stance against Beijing, reported the Financial Times. Named the UK-China Fund, the private sector initiative is intended to seek partnership opportunities between the two countries in technology, […]
Australia has lowered its forecast for beef exports to China, its largest buyer, by 1.5% for the 2020/21 season, the country’s chief commodity forecaster said on Tuesday, as trade relations sour, reported Reuters. The Australian Bureau of Agricultural and Resource Economics and Sciences said it now expects China to buy 227,000 tons of beef in […]
The Chinese government will begin auctions this week of a planned issue of RMB 1 trillion ($141 billion) of special treasury bonds to help finance recovery from the coronavirus pandemic, reported the South China Morning Post Sales will be completed by the end of July, who attended a meeting held by China’s Ministry of Finance, […]
China’s securities watchdog is looking to relax qualification requirements for major shareholders of securities firms, lowering the threshold for investment, reported Caixin. On Friday evening, the China Securities Regulatory Commission (CSRC) published a set of draft amendments to regulations on securities companies’ shareholding, relaxing requirements for their “major shareholders.” Under the new draft rules, “major shareholders” would […]