China has reportedly closed almost 25% of its banks amid increased oversight of smaller lenders. The world’s second largest economy shuttered a record …
FINANCE
The fiscal fallout from China’s property bust
Beijing’s debt swaps have eased the pressure on local governments, but only deeper fiscal reform can stop China’s property bust from destabilising the wider economy …
Why China’s disappearing banks are a bad sign
More than 670 Chinese lenders – a record – shut down last year, as rating agency Fitch says smaller players remain the sector’s weakest link in a slowing economy.
Beijing Zhongke WengeAI Science And Technology (SEHK:1956) Jumped 7%, Is It Fully Priced?
Beijing Zhongke WengeAI Science and Technology (SEHK:1956) drew attention after a sharp 7.4% gain in the latest session, a move that contrasts with its weaker performance over the past month and past …
China Eyes More Targeted Fiscal Support After Growth Slowdown
China is mulling additional fiscal policies to reach its growth target for 2026, according to the country’s finance minister, as the world’s No. 2 economy contends with a slowdown.
China’s financial opening loses another friendly face
China’s investigation into Fang Xinghai, the former vice chairman of the China Securities Regulatory Commission, has implications beyond domestic anti-corruption politics. Fang was a Western-trained, …
Solana Co. chairman says China will find a way to manage crypto
Solana Co. chairman Joseph Chee says China will gradually find a way to manage crypto, with Hong Kong’s licensing regime as a testing ground.
Beijing Injects More Cash Into China’s Economy
Beijing, still rejecting direct economic stimulus, nonetheless pours money into state-owned banks and insurers.
Financial Secretary Discusses Economic Cooperation and Financial Development During Beijing Meetings
The Financial Secretary, Mr Paul Chan, who is currently visiting Beijing, called on the Minister of Finance, Mr Lan Fo’an, this morning (September 21). Mr Chan reported on the arrangements for the …
Beijing Steps In With Mortgage Subsidies to Revive Housing Demand
A new one-year trial offers a 1-percentage-point rate discount on qualifying first homes, cutting borrowing costs by roughly one-third …
China introduces new homebuyer subsidies, encourages bank lending to boost property sector
China is rolling out new economic initiatives to revitalize its struggling property sector. The central bank has slashed interest rates on its lending facility, promoting targeted bank loans.
China’s central bank announces enhanced financial support for economy
Established by the Chinese central bank in 2014, the PSL allows the central bank to extend loans to policy banks. It is mainly used to provide funding support for government-backed projects such as …
China bans online promos for loans, insurance by private brokers to prevent loan misuse
The new regulations start today and will only allow financial institutions and third-party internet platforms to carry out online marketing Starting on Wednesday, new regulations governing the online …
