Xi hails ‘landmark’ Trump summit, says many outcomes achieved
The two countries reached an "important consensus" on maintaining stable economic and trade relations while expanding cooperation in various fields.
China
Treasuries fall as China banks asked to limit bond holdings
The request may reinforce a recent global trend that has seen the likes of India and Brazil lower their exposure to the world's biggest bond market amid growing doubts about the appeal of US assets.
US Treasury says it was breached by Chinese-backed hackers
Treasury was notified on Dec. 8 by a third-party software provider that a hacker had gained access "to a key used by the vendor to secure a cloud-based service."
China’s dollar bond sale inundated with $40 billion of bids
China raised $2 billion from three- and five-year securities at one and three basis points over Treasuries, respectively, according to a person familiar with the matter.
Builder Vanke securitizes some private debt to delay payments
The existing notes, known as non-standard debt and held by insurers, were swapped this month into newly issued commercial mortgage-backed securities in equal proportions.
Why the U.S. and Europe trail China in central bank currency race
Western central banks trying to develop sovereign cryptocurrency models face pushback from lawmakers and other obstacles, while the digital yuan has a much clearer path.
How Trump’s trade war with China could hurt commercial lenders
If President Trump’s tariffs on steel and other products stay in place long, big U.S. importers would be hurt and pass on the pain to their midsize and small-business suppliers — which are the bread and butter of commercial lending.
By
Andy Peters
