A surveillance camera is pictured outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang …
FINANCE
Ant Group consumer finance arm dealt blow by China Cinda pulling out of investment
China Cinda Asset Management (CCGDF), a state-owned financial institution and one of the countries biggest bad debt managers, is backing out of a planned investment in …
China suspends more flights over COVID-19, Shanghai curbs tours
China suspended dozens of international flights on Friday amid a global surge in Omicron cases, while the city of Shanghai curbed tourist activity as it rushed to head off local COVID-19 infections as …
China says Britain’s political interference claims are ‘groundless’ and may be down to ‘binge-watching 007 movies’
The foreign ministry said it had no need to carry out such activities after MPs were warned about the activities of lawyer Christine Lee The intelligence service MI5 said she had been acting on behalf…
China Rare-Earth Firm Slumps 17% in Hong Kong Trading Debut
Shares of China’s JL MAG Rare-Earth Co. dropped as much as 17% in their Hong Kong debut after being sold at the bottom of the marketed range in what is the biggest offering so far…
Explainer: What’s Going on in China’s Property Market?
China’s property market has accrued billions of dollars in debt – how will it impact the economy, and what is being done to help?
Analysis-With Evergrande Debt Relief Deal, China Signals Stability Trumps Austerity
China Evergrande Group, whose rocky financial situation has roiled Chinese property firms and global financial markets over the past year, got a reprieve this week after investors agreed to extend a …
China’s Ant Group eyes replacement after sudden break with investors
A consumer-finance unit of China’s embattled Ant Group on Friday said it would search for new partners after three investors, including a state-owned company, pulled out of a capital-raising plan …
Hawkish Fed speak continues, China GDP in focus
Equity indices decline after weakness on Wall St.; JP equities lag, JGB yields and Yen rise amid focus on BOJ; Hawkish Fed speak continues; China GDP in focus. – China Dec Trade Surplus well above…
Joe Biden nominates Sarah Bloom Raskin to be Fed’s top banking regulator
Joe Biden has tapped Sarah Bloom Raskin, the former deputy Treasury secretary, to lead financial oversight for the Federal Reserve as the White House seeks tougher regulations on big banks and greater …
Think tank: China to grow 5.5% this year
BEIJING: China’s economy is expected to grow around 5.5% in 2022, bringing the average annual growth rate forecast for 2020 to 2022 to 5.34%, according to a top government think tank. The gross …
Lithuania Says China Using ‘coercive Methods’ To Make Vilnius Change Its Taiwan Policy
Lithuanian Foreign Minister Gabrielius Landsbergis stated that China is adopting coercive techniques to get Vilnius to reverse its Taiwan policy.
China’s taxpayers on edge as Beijing tightens oversight with big data and artificial intelligence
From small business owners to the wealthy, Chinese are bracing for greater scrutiny under a new tax surveillance system that will deploy big data and artificial intelligence.
