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The Story of Evergrande's Founder and What It Means for the Company's Future

Commentary What would appear to be an American-dream, rags-to-riches story may not have a happy ending for the . ....

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Monetary authorities stress on financial stability-Eastday

From:ChinaDaily | 2021-05-25 08:52
Monetary authorities have once again reiterated the need to maintain financial stability and prevent potential risks arising from areas such as the foreign exchange market and imported inflation, while keeping the renminbi exchange rate basically stable.
The renminbi exchange rate has remained basically stable at a reasonable and balanced level so far this year and authorities will strive to maintain it, a senior central bank official said on Sunday.
Liu Guoqiang, vice-governor of the People s Bank of China, the central bank, said two-way fluctuations, either appreciation or depreciation, will become the norm in the future, with the exchange rate continuing to depend on market supply and demand as well as changes in global financial markets. ....

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Monetary authorities stress on financial stability

Monetary authorities stress on financial stability
By CHEN JIA |
China Daily |
Updated: 2021-05-25 08:52
A teller counts cash at a bank branch in Hangzhou, capital of East China s Zhejiang province. [Photo by Hu Jianhuan/For China Daily]
Monetary authorities have once again reiterated the need to maintain financial stability and prevent potential risks arising from areas such as the foreign exchange market and imported inflation, while keeping the renminbi exchange rate basically stable.
The renminbi exchange rate has remained basically stable at a reasonable and balanced level so far this year and authorities will strive to maintain it, a senior central bank official said on Sunday. ....

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China Finance Online Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results

China Finance Online Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results
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BEIJING, May 17, 2021 /PRNewswire/ China Finance Online Co. Limited ( China Finance Online , or the Company , we , us or our ) (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.
Fourth Quarter 2020 Financial Highlights
Net revenues grew 12.3% year-over-year to $9.8 million. ....

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Economists concerned over effects of US relief package

Economists concerned over effects of US relief package
By CHEN JIA |
China Daily |
Updated: 2021-03-15 07:19
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Speaker of the House Nancy Pelosi presides over voting on coronavirus relief package H.R. 1319 in the House Chamber of the US Capitol in Washington, DC on March 10, 2021. [Photo/Agencies]
China should prepare for ripple effects from the United States $1.9 trillion fiscal relief package, which may boost US imports and fuel price increases as huge liquidity is injected into the vulnerable global financial market, experts said.
The US administration is expected to implement the stimulus plan in the coming weeks following Thursday s signing of the legislation, which will include $1,400 direct payments to individual US taxpayers to promote consumer spending, an increase in unemployment insurance supplements and funds for vaccine distribution. ....

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