Shares and bonds of Chinese property companies fell further on Wednesday after China Evergrande Group missed a third round of interest payments on its dollar bonds in three weeks, and as others warned …
FINANCE
Coal Rises to Record in China as Floods Keep Supply Tight
A dramatic surge in coal prices in China is beginning to cool as top production hubs recover from the impact of floods, signaling a reprieve in the nation’s energy crisis.Most Read from BloombergHow …
China Holds Back Fiscal Spending When Economy Needs It Most
China’s economic slowdown is putting the spotlight back on fiscal stimulus — but Beijing isn’t opening the spending taps just yet. While the U.S. government is pushing to raise its debt ceiling and …
China begins massive anti-corruption trawl of banks and other financial organisations
China is inspecting the nation’s financial regulators, biggest state-run banks, insurers and bad-debt managers for the first time in six years to root out corruption in its €47trn financial system.
China Is Reportedly Targeting Banks. Here’s Why That Could Worsen its Slowdown
President XI has been cracking down on big companies even as he tries to reshape the economy.
China launches new round of graft busting in finance sector
China’s ruling Community Party turned its sights on the country’s vast financial sector this month, kicking off a new round of a years-long campaign to uncover corruption and illegal dealings.
China inspects banking regulators in anti-graft campaign
BEIJING: China’s top anti-graft watchdog has kicked off a roughly two-month inspection of the country’s banking and insurance regulator, as part of a broader campaign to weed out corrupt Communist …
China launches sweeping round of inspections on financial institutions
According to people with knowledge of the plan, the inspections, announced in September with few details, focus on whether state-owned banks, …
China to probe ties between financial institutions, regulators and private firms including Alibaba’s Ant
According to people with knowledge of the plan, the inspections, announced in September with few details, focus on whether state-owned banks, …
Chinese net financial assets per capita at $14,258 in 2020: report
The gross financial assets of Chinese households increased 13.6 percent to 25,689 billion euros ($29,689 billion) in 2020, according to the 12th edition of the Allianz Global Wealth Report released by …
China launches anti-graft campaign in finance sector by inspecting banking regulator
China’s top anti-graft watchdog has kicked off a roughly two-month inspection of the country’s banking and insurance regulator, as part of a broader campaign to weed out corrupt Communist Party …
China Starts Inspection of Financial Regulators, State Banks
China is inspecting the nation’s financial regulators, biggest state-run banks, insurers and bad-debt managers for the first time in six years to root out corruption in its $54 trillion financial …
China Developers See More Credit Rating Cuts: Evergrande Update
Chinese property developers are suffering credit rating downgrades at the fastest pace in five years, as a recent slump in new-home sales adds to concerns about the sector’s debt woes. Most Read from …
ADVERTISEMENT
