China’s central bank said on Friday it had accepted the application to set up a personal credit-scoring joint venture backed by Alibaba’s fintech affiliate Ant Group and other firms.
FINANCE
Hong Kong must capitalise on global financial trends to maintain hub status, pro-Beijing think tank says
Hong Kong should use its edge to position itself as an offshore yuan centre, an ESG investment hub and a digital-asset trading centre, says One Country Two Systems Research Institute report.
Chinese investors seek safety from property rout in bank bonds
Investors are seeking shelter in Chinese bank bonds as a rout in the high-yielding property debt market deepens.
Export-Import Bank offers financial support to state oil firm
The Export-Import Bank of Korea said Friday that it has signed a memorandum of understanding with Korea National Oil Corp. to offer the state-run oil company financial support worth about 1.1 trillion …
Tesla to Invest $188 Million to Expand Shanghai Factory Capacity – Beijing Daily
Tesla plans to invest up to 1.2 billion yuan ($187.91 million) to expand production capacity at its Shanghai factory in a project that will last from December to April next year, the state-backed …
China Corporate Funding, Liquidity and Defaults – November 2021
The amount of maturing or puttable offshore bonds – those in US dollars and euros, and dim sum bonds – issued by Chinese corporates, including local government …
China Corporates Snapshot – November 2021: Service Sector Drives FDI Growth; Challenging Outlook for Manufacturing
The flow of foreign capital into China accelerated in 2021, after reaching an all-time high in the previous year. Total foreign direct investment in non-financ …
China’s ageing population a ‘long-term reality’, and its silver economy needs to catch up, State Council says
New guidelines set out to rectify an ‘unbalanced and inadequate development’ of industries and policies that cater to the elderly, and that includes internet-related services.
CTX Cooperates with BSI on Green Finance and Carbon Neutrality Standards
Cyberdyne Tech Exchange Pte., Ltd (“CTX”) and BSI China (a group company of the British Standards Institution) have announced a new cooperation agreement on implementing carbon neutralisation and …
Why Is Private Equity Popular In China?
Private equity investments in Asia are most often made in the People’s Republic of China. The Chinese private equity market accounts for two-thirds of all investment funds in Asia. China’s labor share …
China to remain “super market” into next year, Daimler China chief says
Daimler’s China sales will stay strong next year, the carmaker’s China chief said on Thursday, adding he was confident that Mercedes-Benz could grow its share of the country’s electric vehicle market …
Shanghai Sees New Flareup Just as China Covid Outbreak Tapers
China’s financial hub Shanghai reported three Covid-19 local infections, just after the country had managed to quell the widest outbreak of the virus since it emerged two years ago.
The Idiosyncrasies of China’s Bond Market
China’s bond market appears hampered by unpredictable default mechanisms, non-standardized bond covenants, and unreliable bond ratings.
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