From the Washington Post (link) Ma Ying-jeou has always loved to run marathons, and he has approached politics the same way. From the day he was named Taiwan’s youngest-ever cabinet member 18 years ago, he has been running for leadership. Now, 55 and head of the Nationalist Party, he has started a sprint toward the […]
Read MoreFrom the Financial Times (link) China’s government has said it is willing to work with the US on future oil, gas and renewable energy projects, as well as on global energy security issues. “In the field of energy, China and the US are not competitors,” Qin Gang, foreign ministry spokesperson, said during a press briefing. […]
Read MoreFrom AFX via Forbes (link) The Chinese yuan ended at 8.0316 to the US dollar on the exchange-traded market, a record high since the revaluation in July, up from yesterday’s close of 8.0390, traders said. The central bank set a central parity rate of 8.0286 to the dollar before the start of trading today and […]
Read MoreFrom MarketWatch (link) China’s largest bank by assets and Goldman have set up seven work groups that will focus on nonperforming loan management, risk management, fund transaction, corporate and investment banking, asset management, corporate governance, and personnel training. ICBC President Yang Kaisheng and Goldman’s chief executive for Asia, Michael Evans, will co-chair a joint committee […]
Read MoreFrom the Financial Times (link) A backlash against foreign investment in China’s finance sector is holding up approval for a number of high-profile deals pairing overseas companies with troubled local banks and brokerages. Final approval for the purchase of a 20 per cent stake in Beijing Securities by UBS, the Swiss bank, has been delayed […]
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