China is widely expected to leave benchmark lending rates unchanged on Wednesday, a Reuters survey showed, as the central bank kept a key policy rate steady last week at a time when the broad economy…
Monthly Archives For March 2024
China visit sees $105 billion iron ore exports on the brink
China is sending its foreign minister to Australia, insisting that “win-win” co-operation is the “right choice”. But, at the same time, it’s emphasising a desire to end Australia’s biggest “win” – …
China tightens regulations on consumer finance companies
China has tightened the screws on consumer finance companies, raising the capital limit for non-bank financial firms which provide small personal loans.
China accuses Evergrande Group of $78 billion fraud, among worst ever
It fuels concern about how widespread such accounting issues are, just as the new China Securities Regulatory Commission chairman is trying to tighten oversight …
Hong Kong stocks slip on weak Chinese corporate earnings, with Wuxi Apptech, Wuxi Biologics, Xpeng leading decline
Fourth-quarter earnings of Chinese companies are trailing those of peers in the rest of Asia, according to Goldman Sachs Sentiment remains cautious ahead of the Fed’s meeting later this week Hong …
China’s bonds boom as investors face ‘asset famine’
A record-breaking rally in Chinese sovereign debt is hitting a fever pitch in another sign China’s financial system is low on confidence and overflowing with cash and bank deposits.
China’s Top Diplomat Wang Yi to Meet With Australian Business Leaders
China’s Foreign Minister Wang Yi will hold closed door meetings with Australian business leaders and policy experts on Wednesday as part of his first visit to the country in more than seven years.
China lags in efforts to achieve 2025 green steel goals, analysts say
Spent 21 years in China as a correspondent covering energy, mining, the country’s war on pollution and the growing impact of climate change on cities and ecosystems, as well as the outbreak and …
China’s Longi says it will lay off about 5% of employees
China’s Longi Green Technology Energy, the world’s largest solar manufacturer, said in a statement on Tuesday that it will lay off about 5% of its employees. “Currently, the solar photovoltaic …
China Accuses Evergrande of $78 Billion Fraud, Among Worst Ever
China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history.
Exclusive: Fidelity International plan to cut 16% of China fund unit jobs, sources say
Fund manager Fidelity International(FIL) is planning to lay off 20 people at its main China business unit, two sources familiar with the matter said, a move that comes amid a global downsizing by the …
Evergrande: China property giant and its founder accused of $78bn fraud
Chinese property giant Evergrande and its founder, Hui Ka Yan, have been accused of inflating revenues by $78bn (£61.6bn) in the two years before the firm defaulted on its debt. The country’s …
China is on pace to buy a record amount of Russian oil this month
China is expected to import 1.7 million barrels of Russian crude a day, taking over Indian demand, Kpler data cited by Bloomberg shows.
ADVERTISEMENT
