Chinese leader Xi Jinping pledged to spend 2021 reining in “disorderly” private businesses that were growing too powerful and taking on too much risk.
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Former China official warns of yuan weakness in 2022 as economy slows
China should prepare for its currency to pull further away from recent highs if economic data continues to disappoint next year, a former senior official at the country’s foreign exchange regulator …
Goldman Sachs says investors need not be negative on China’s high-yield property market in 2022
Kenneth Ho of the investment banking company says although 2022 will still be a difficult year for China’s high-yield property sector, investors need only be “a little bit more cautious.” …
Pro-Beijing ‘patriots’ sweep Hong Kong election with record low turnout
Forty seats were selected by a committee stacked with Beijing loyalists, while the remaining 30 were filled by professional and business sectors such as finance and engineering, known as …
Pro-Beijing candidates sweep Hong Kong vote as turnout plunges
Pro-Beijing candidates have swept to victory in Hong Kong’s “patriots-only” legislative election, with turnout hitting a record low amid China’s crackdown on the city’s freedoms. Some 30.2 percent of …
Pro-Beijing candidates sweep ‘patriots’-only Hong Kong vote amid low turnout
Beijing candidates swept to victory in an overhauled “patriots”-only legislative election in Hong Kong that was deemed regressive by critics, with turnout hitting a record low amid a crackdown on the …
The Chagrin of Beijing and the Problem of Time
To the chagrin of Beijing, the Chinese yuan is the strongest currency in the world this year, rising a modest 2.4% against the US dollar. In word and deed, Chinese officials sought to discourage the…
Pro-Beijing candidates sweep ‘patriots-only’ Hong Kong vote
Pro-Beijing candidates swept to victory in an overhauled “patriots-only” legislative election in Hong Kong that was deemed regressive by critics, with turnout plunging to a record low amid a crackdown …
Chinese banks cut borrowing costs for first time in 20 months
Chinese banks lowered borrowing costs for the first time in 20 months, providing support to an economy showing strain from a property slump and sporadic virus outbreaks. . Read more at …
China’s central bank cuts a benchmark rate for the first time since the pandemic
The last time the central bank cut the one-year and five-year LPR was in April 2020, according to data from Wind Information.
China Central Bank Cuts Loan Prime Rate for First Time in 20 Months
The People’s Bank of China cut the one-year loan prime rate amid a slowing economy that has been dragged by a slump in the property sector.
China debt woes to weigh on Asia high-yield issues in first half of 2022, bankers say
China’s property sector debt turmoil is set to keep a lid on Asian high-yield corporate bond deals in the first half of next year after a string of defaults by real estate firms left global…
China urges real estate project acquisitions to aid struggling developers -state media
China is urging large private and state-owned property companies to acquire real estate projects from troubled developers to reduce risks that mounting debt piles will destabilise the economy, the …
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