The People’s Bank of China has injected a net 460 billion yuan ($71bn) of short-term cash into the banking system in the past five working days, including 70bn yuan on Friday. That’s helping ensure …
Monthly Archives For September 2021
China’s tire exports regain momentum in August
China’s ‘new rubber tire’ exports regained momentum in August following a decline earlier in July. The country exported 53 million tires in August 2021, up 14% on the same month a year ago, according …
Crypto adoption is a ‘huge challenge,’ says Chinese central bank exec
The rapid adoption of Bitcoin and stablecoins poses a major challenge for the traditional financial system, a payment exec at the People’s Bank of China has warned.
Timeline: China Evergrande’s snowballing debt crisis
Debt-ridden property developer Evergrande Group missed a dollar bond interest payment deadline, moving closing to a potential default and fuelling worries that a collapse could send shockwaves through …
An Insider Details the ‘Black Box’ of Money and Power in China
A memoir by a well-connected businessman offers insights into the Communist Party’s thinking as it tightens its grip on the private sector.
U.S. firms in China confident despite COVID-19 and bilateral tensions
Most U.S. companies operating in China are confident about their business prospects in the country despite the COVID-19 pandemic and stagnant China-U.S. relations, according to a survey released by …
China’s single-shot Covid-19 vaccine safe for children at lower dosage, tests find
Trial involving 150 children found those given a lower dose of Cansino vaccine had a stronger antibody response than adults given a booster shot after 56 days.
China’s Evergrande, facing collapse under debt mountain, decides silence is golden
Giant developer that rode the Chinese housing boom missed a key interest payment and could be declared in default in less than a month.
GQLab, COACH China and ZKBox, Collaborate to Release Brand’s First NFT Fashion Project in China
ZKBox, a Layer2 NFT protocol based on ZK-Rollup technology, today announced a new collaboration with luxury brand COACH China and GQLab, …
Will China’s New COVID-19 Vaccine Work Against the Delta Strain?
Experts predict the vaccine candidate, SCB-2019 (CpG 1018/Alum), could be the most effective vaccine developed in China.
China Mid-Tier Banks More Exposed to Property Sector Risks
Ratings-Hong Kong/Shanghai-24 September 2021: Fitch Ratings believes that changes in perceived levels of risk appetite relative to capitalisation will remain an important factor in our assessments of …
China Evergrande keeps dollar bondholders guessing on key interest payment
Global investors who own China Evergrande Group’s U.S. dollar bonds were in the dark Thursday about whether the property giant would make a key interest payment, a major test of the highly indebted …
China’s Central Bank Pushes Reform of Emergency Liquidity Tool
China’s central bank will push to reform its emergency-funding facility to make it easier for banks to access cash, a move that could help smooth out the volatility in money market rates.
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