Cao Li
Senior Correspondent at South China Morning Post
A journalist. Previously @WSJ and @nytimes. [email protected]
Articles
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1 day ago |
scmp.com | Cao Li
China is likely to be among the last countries to reach a trade agreement with the US to reduce tariffs, according to fund manager Franklin Templeton. It took 18 months to finalise a US-China trade deal during US President Donald Trump’s first term, Yi Ping Liao, a portfolio manager and senior research analyst with the company’s emerging markets equity team, said during an online briefing on Wednesday.
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1 day ago |
msn.com | Cao Li
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1 day ago |
scmp.com | Cao Li
China will allow certain products traded on the Shanghai Gold Exchange to be delivered overseas by establishing storage facilities in other countries – part of a broader effort to promote the yuan and reduce reliance on the US dollar and US financial systems, according to top regulatory agencies.
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1 week ago |
scmp.com | Cao Li
The ongoing tariff war is expected to put additional pressure on banks in Hong Kong, which are already grappling with elevated non-performing loans due to a prolonged property sector slump, according to Fitch Ratings. “Higher tariffs would reinforce our deteriorating banking sector outlooks for China and Hong Kong,” the rating agency said in a report on Thursday.
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1 week ago |
scmp.com | Cao Li
The London Metal Exchange (LME) has approved four warehouse facilities in Hong Kong, extending its global network to the doorstep of mainland China, the world’s largest consumer of metals. The new facilities would be able to begin storing seven of the 14 LME-approved metals within three months, the exchange said in a statement on Tuesday.
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