EUR/USD 1.16630
0.159%
Gold 4691.09
0.408%
Oil 59.374
0.045%
USD/JPY 158.003
-0.075%
GBP/USD 1.34413
0.121%
GBP/JPY 212.381
0.055%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
New York gold futures surged 2.00% on the day, currently trading at $4,687.40 per ounce.The yield on Japans 30-year government bonds rose 10 basis points to 3.710%.On January 20th, the Ministry of Finance issued a notice regarding the implementation of a special guarantee program for private investment. The notice emphasizes increased risk compensation. The central government will provide risk compensation for any new compensation expenditures made by the guarantee fund under this program. The annual business scale of the guarantee fund will be determined by the Ministry of Finance based on the financing needs of enterprises, the operation of the guarantee fund, and risk control. The notice also encourages the exploration of new product offerings. Government-backed financing guarantee institutions and banks are encouraged to explore innovative models such as "supply chain + financing guarantee" and "scenario-based finance + digital RMB," focusing on expanding private investment, developing medium- and long-term credit guarantee products, and actively providing financing support for small and medium-sized enterprises (SMEs) in the upstream and downstream of key industrial supply chains.On January 20th, the Ministry of Finance issued a notice regarding the implementation of a special guarantee plan for private investment. The notice proposes appropriately increasing the risk-sharing ratio. Within this plan, banks will bear no less than 20% of the loan risk responsibility. The government-backed financing guarantee system will bear no more than 80% of the loan risk responsibility responsibility. The financing guarantee fund will appropriately increase its risk-sharing ratio for medium- and long-term loans to private enterprises, reducing the risk-sharing responsibility and compensation pressure on direct guarantee institutions. A differentiated risk-sharing mechanism will be established, with the financing guarantee funds risk-sharing ratio divided into three tiers: no more than 30% for loans with a term exceeding one year but not exceeding three years, no more than 35% for loans with a term exceeding three years but not exceeding five years, and no more than 40% for loans with a term exceeding five years.Nomura Securities raised its target price for Hyundai Motor from 370,000 won to 570,000 won.

More Than 80 Companies, Including China's JD.com, Added in U.S. SEC List, At Risk of Delisting

Haiden Holmes

May 05, 2022 10:16

J2.png


The Securities and Exchange Commission of the United States added over 80 corporations to its list of organizations facing probable expulsion from American exchanges, including China's JD.com, Pinduoduo (NASDAQ:PDD) Inc, Bilibili (NASDAQ:BILI) Inc, and NetEase (NASDAQ:NTES) Inc.


The SEC enlarged the list on Wednesday, including Chinese businesses listed in the United States, as part of a preliminary lineup under a 2020 law known as The Holding Foreign Companies Accountable Act.


The act, which was signed into law by then-President Donald Trump, seeks to bar foreign-jurisdiction corporations from US stock exchanges if they fail to adhere to American auditing standards for three consecutive years.


Among the other significant Chinese companies added to the SEC's list were JinkoSolar Holding Co Ltd (NYSE:JKS), NIO Inc, and China Petroleum (NYSE:SNP) & Chemical Corp.


According to Reuters, Chinese regulators last month requested that some of the country's US-listed companies, including Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU), and JD.com, submit additional audit disclosures.


China also proposed revising confidentiality rules for offshore listings in early April, removing a legal impediment to Sino-US audit cooperation and putting the onus on Chinese firms to protect state secrets.


The development comes after a US watchdog stated in March that it was continuing to engage with Chinese regulators on access to their auditors' records, but it remained unclear whether the Chinese government would allow the access necessary by a new US listing law.

Suggestion