A China state-backed actor successfully breached US Treasury Department workstations and accessed “unclassified” documents via a cloud service intrusion earlier this month, officials …
FINANCE
China’s financial corruption crackdown reeled in dozens of naughty bankers in 2024
With hopes of becoming a ‘financial superpower’, China has been ramping up efforts to curb risks and keep malfeasance in check China’s financial sector has undergone profound changes, marked by …
Policies expected to focus on bolstering demand, stability of yuan
On Friday, the central bank, in a financial stability report, vowed to “enhance the resilience of the foreign exchange market, stabilize market expectations and keep the yuan exchange rate basically …
China Market Update: Mainland Buying Makes Up Half Of Hong Kong Turnover
Asian equities were largely lower on light volumes as the Philippines was closed for Rizal Day, which is a national holiday commemorating the life and works of Jose Rizal, a national hero of the …
British tech giant boss resigns amid row over China security fears
The chief executive of one of Britain’s biggest semiconductor companies is stepping down amid claims the business transferred key technology to China.
Sunac China wins more support for restructuring from bondholders, source says
Property developer Sunac China has so far received sufficient support from holders of seven of its 10 bonds to cut its onshore bond debt by more than half through a restructuring, a source with direct…
China urges more aid for people in need as economic woes persist
The Chinese government urged local officials to provide more financial relief or step up one-time allowances to people in need ahead of major holidays over the next month, as China’s economic …
China bond bonanza likely to continue into 2025; investors worried about economic strength
Some brokerages believe yield on 10-year government bond could fall below 1.5 per cent in 2025 China’s bond market is likely to extend its bull run into next year, as the government is expected to…
China’s November industrial profits narrow decline but 2024 likely worst year in decades
China’s industrial profits fell at a slower clip in November, official data showed on Friday, but the annual decline in earnings this year is expected to be the worst in over two decades due to…
China’s external financial assets top $10 t
BEIJING – China’s external financial assets stood at $10.21 trillion at the end of September, official data showed on Friday. The figure, surpassing the $10-trillionmark for the first time, …
World Bank Ups China’s Growth Forecast to 4.9% Amid Economic Challenges
The World Bank has raised its forecast for China’s GDP growth this year to 4.9%. According to Chinese media, including the Beijing Daily, the World Bank raised its forecast for China’s economic …
Bad news for China as the World Bank predicts GDP for 2025 to fall due to..
In the report, it is cited that the world’s second-biggest economy will face a slowdown in the coming year due to weak domestic demand and problems in the property sector. Moreover, the country’s …
China’s Local-Finance Cleanup Opens New Chapter With State Firms
China’s latest measures to deal with the financial risks of local officials have centered on a massive debt-swap plan, but a companion step is now drawing attention as a possible new tool.
