The war chest used to defend the Hong Kong dollar notched up its worst loss since early 2020 in the third quarter as the Hang Seng Index crashed by about 15 per cent.
FINANCE
HSBC, Standard Chartered, Bank of China (HK) among 19 lenders approved to sell Wealth Management Connect products
HKMA allows 16 banks to sell products in Hong Kong and the mainland, while three can only sell to Greater Bay Area residents via the southbound route.
Goldman Sachs moves to full ownership of China securities JV
Goldman Sachs said on Sunday it received approval from China’s securities regulator to take full control of its mainland securities business.The U.S. bank said it would buy the remainder of Goldman …
China Plans Dollar-Bond Sale
China is preparing to sell U.S. dollar bonds, in a test of investor appetite after data showed the world’s second-largest economy is cooling rapidly.
Yum China Reaffirms its Commitment to Reducing Food Waste with Food Bank Program
Yum China Holdings, Inc. (the “Company” or “Yum China”, NYSE: YUMC and HKEX: 9987) has reaffirmed its commitment to reducing food waste through the gradual expansion of its existing pilot Food Bank …
Changes to China’s Banking Law Could Help – or Hurt – the Planet
As China – the host of this week’s U.N. Conference on Biodiversity – announces a new fund on biodiversity, we, environmental organizations that track the activities of global financial institutions, …
Q&A: Exchange Leaders Discuss China’s Evolving Markets
Leaders from CME Group, FTSE Russell and Singapore Exchange discuss the changing nature of managing risks across borders.
China central bank mandates 14 banks for US dollar bond issuance – term sheet
The People’s Bank of China (PBOC) has mandated 14 banks for the planned issuance of dollar-denominated, multi-tranche bonds subject to market conditions, according to a term sheet seen by Reuters on …
China stopping overseas coal finance to cut as much emissions as Europe going net-zero
China’s recent decision to end financial support for building new coal plants abroad could make a major difference in global efforts to limit the use of fossil fuels.
China national parks plan betrays fear of climate and regime change
China unveiled a plan for its first national parks on October 15, the final day of the COP15 conference in Kunming. It reveals the weight of Party concerns about pollution and biodiversity …
China’s growth slowdown suggests recovery is losing steam
China’s economy grew 4.9% in the July to September quarter from a year earlier, the slowest pace in a year and worse than analysts had predicted. This was far slower from the previous quarter when…
China Can ‘Contain’ Risks; Home Sales Drop: Evergrande Update
Risks posed to the Chinese economy by China Evergrande Group’s debt crisis can be contained, according to the central bank, which has stepped up its commentary amid further evidence of economic …
How China Uses Development Finance Strategically in South Asia
Ever since Chinese President Xi Jinping announced the Belt and Road Initiative (BRI) a few years ago, Beijing’s role in global development finance has driven both admiration and paranoia around the …
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