Investors trying to identify the next batch of Chinese developers that could run into liquidity troubles should look for firms that have reported a sudden drop in land purchases relative to sales, …
FINANCE
China Evergrande moves from Shenzhen HQ building to cut costs
Heavily indebted property firm China Evergrande Group said on Monday that it has moved out of its headquarters in Shenzhen to another property in the city to cut costs and was still registered in the…
Developer Shimao’s fire sale, new rating cuts keep China property on edge
Shanghai-based developer Shimao has put all its projects on sale, local media reported on Monday, and more Chinese property firms suffered credit rating cuts, leaving markets torn between hopes a …
China’s smartest students are ditching finance for tech, and prefer state jobs over the private sector
At Tsinghua, only 12.2 per cent of graduates landed jobs in banking, securities and insurance in 2021, compared with 22 per cent who opted for IT and software Students from the top schools are also…
Dunxin Financial (DXF.US) Sets Up Computing Power Investment Fund and Plans of Intelligence Computing Power Centre based on Metaverse Platform
About Dunxin Financial Dunxin Financial, established in March 2013 with headquarter in Wuhan, China, is an innovative fintech company originally engaged in business of providing loan facilities to …
GT Voice: Sri Lanka needs cooperation with China amid debt woes
During a meeting with Chinese State Councilor and Minister of Foreign Affairs Wang Yi in Colombo on Sunday, Sri Lanka’s President Gotabaya Rajapaksa asked China to restructure its debt repayments as …
Billionaire ‘Bond King’ Jeff Gundlach rings the recession alarm, says bitcoin is hugely overvalued, and warns against investing in China
The DoubleLine Capital boss trumpeted emerging-market stocks, and joked that only ‘momentum investors on large doses of steroids’ would buy NFTs.
Former RBI Governor Urjit Patel appointed vice-president of Beijing based AIIB, to take charge on 1st February
Former Reserve Bank of India (RBI) governor Urjit Patel has been appointed as a vice-president of the Asian Infrastructure Investment Bank (AIIB), a Beijing based multilateral development bank. He …
China fines Bank of East Asia US$2.6 million for violating credit information rules
BEIJING: China’s central bank said on Monday it fined Hong Kong’s Bank of East Asia 16.74 million yuan (US$2.63 million) for violating rules on collecting credit information, a filing showed. The …
JPMorgan to boost Asia private banking headcount by over 100 this year – sources
JPMorgan Chase & Co plans to boost its private banking business headcount in Asia by more than 100 this year, two people with direct knowledge of the matter said, joining its peers in a push…
China’s digital yuan: e-CNY wallet tops download charts in Apple and Xiaomi app stores ahead of Lunar New Year
The e-CNY wallet was the most downloaded app after launching last week, but the roll-out remains limited to select cities While the digital yuan can be used on mobile payment apps like Alipay and …
China finance ministry to auction 71 bln yuan 1-year bonds on Jan 12
China’s Ministry of Finance said on Monday that it would auction 71 billion yuan ($11.1 billion) in 1-year bonds on JAN. 12. After the auction, the bonds will be issued from Jan. 12 to Jan.…
EdTech Firm Fires 60,000 in Worst Cuts Since China Crackdown
New Oriental Education & Technology Group Inc. fired tens of thousands of employees, the biggest layoffs disclosed since China embarked on a wide-ranging crackdown on private enterprises more than a …
