Evergrande Group, once China’s top selling developer and now struggling to repay its creditors, suppliers and investors in wealth management products, missed some dollar bond payments last month, …
FINANCE
China launches 3-year action plan to crack down on money laundering
File photo shows the headquarters of the People’s Bank of China in Beijing, capital of China. (Xinhua/Cai Yang) BEIJING, Jan. 26 (Xinhua) — Authorities in China have initiated a three-year action …
Bear Market Looms for China’s Equity Benchmark During Volatility
CSI 300 Index teetered on the edge of a bear market as the media called for investors to hold their nerves in a global selloff.
China will allow Guizhou financing vehicles to delay debt payments
China will allow local government financing vehicles (LGFVs) in the southwestern province of Guizhou to delay debt payments and undergo debt restructuring, the cabinet said on Wednesday, part of a …
China’s SOEs realize 18.5% yearly revenues increase in 2021: Finance Ministry
China’s state-owned enterprises (SOEs) realized annual revenues of 75.55 trillion yuan ($11.95 trillion) in 2021, registering a year-on-year increase of 18.5 percent, according to data released by …
China’s central bank conducts 200b yuan of reverse repos
A clerk counts cash at a bank outlet in Hai’an county, Jiangsu province. [Photo/China Daily] BEIJING – China’s central bank Wednesday conducted 200 billion yuan ($31.6 billion) of reverse repos to …
Beijing’s close neighbor Sanhe suspends buses, closes communities after reporting one positive case
Beijing’s neighbor city Sanhe, North China’s Hebei Province, suspended all bus lines and closed communities in seven regions on Wednesday morning as the city reported one COVID-19 positive case. The …
Beijing, Moscow obliged to step up green energy cooperation
In order to meet the serious challenge of global warming, both China and Russia have set the strategic goal of low carbon and green gas emissions reduction, which puts forward new requirements for …
Former vice president of China Development Bank expelled from CPC, office
He Xingxiang, former vice president of China Development Bank, has been expelled from the Communist Party of China (CPC) and dismissed from public office for grave violations of Party discipline and …
China Too Is Affected by Global Monetary Tightening, IMF’s Gopinath Says After GDP Forecast Cut
The International Monetary Fund has downgraded China’s gross domestic product growth expectation for this year by 0.8 percentage point as the tightening of global financial conditions is affecting all …
Debt-laden China Evergrande to hold investor call on Wednesday – sources
China Evergrande Group will hold an investor call at 9 pm (1300 GMT) on Wednesday joined by its financial advisers, sources said, the first such call since it defaulted on some dollar bond payments …
Beijing Handian Pharamceutical Held an Expert Seminar About TCM Global Application In Beijing
BEIJING, January 26, 2022–(BUSINESS WIRE)–Last month, Beijing Handian Pharamceutical held an expert seminar about “Application of traditional Chinese medicine under the new situation of global …
China Evergrande to Hold Investor Call on Wednesday – Sources
China Evergrande Group will hold an investor call at 1300 GMT on Wednesday together with financial advisers, sources said. Executive Director Siu Shawn and a member of the property developer’s risk …
