China has ordered its local governments to halt public-private partnership projects identified as “problematic” and replaced a 10% budget spending allowance for these ventures with a vetting mechanism …
FINANCE
China cbank set to boost liquidity injection Wednesday but keep rate unchanged
SHANGHAI/SINGAPORE : China’s central bank is widely expected to boost its liquidity injections but keep the interest rate unchanged when it rolls over maturing medium-term policy loans on Wednesday, a …
Funds bet on ‘cheapness’ history, Beijing policy spark to reverse US$140 billion rout in Chinese stocks
Fund manager Cambridge Associates is banking on history repeating itself. Valuations of Chinese stocks are back to late-2018 levels, a possible springboard for a big, fast market rally.
Weak China equals US opportunity, end daily White House press briefings and other commentary
China’s weakening economy offers an opportunity to win meaningful changes in Beijing’s policies,” argues Thomas J. Duesterberg at The Wall Street Journal. But “it will take a hard-line …
This is China’s economic reckoning
There’s a real risk that China is heading down the same path as Japan did in its “lost decade”. This expert says there’s one way to stop it.
Jumpstarting an economy through auto finance
China’s top financial regulator is urging lenders to help consumers — especially college graduates — buy more cars.
China beefs up support for real economy
BEIJING: China’s policymakers leverage financial resources to support small and medium enterprises (SMEs), scientific and technological innovation, and green development, thereby boosting economic …
Ransomware Attack On China’s Biggest Lender ICBC Rattled Wall Street, Halted Trades
The U.S. branch of the Industrial and Commercial Bank of China (ICBC) was hit with a ransomware attack last week that rattled Wall Street, halted Treasury trades and raised concerns about the Treasury …
China’s biggest bank paid ransom to halt attack, Lockbit hackers claim
The bank’s US arm was hit by a ransomware attack that disrupted trades in the US Treasury market last Thursday.
Bank of America’s Top China FIG Banker Hsueh Is Said to Depart
Bank of America Corp.’s head of investment banking for its financial institutions group in greater China, Michael Hsueh, has left the US lender, according to people familiar with the matter.
Alibaba and JD’s decision to withhold Singles Day data punctures last chance to see a China consumption revival this year
A postman sorts parcels at the Postal Express logistics business department in Lianyungang, Jiangsu province, China on Nov. 12, 2023. Chinese postal companies handled 600 million packages on Singles …
China Oct new bank loans fall to 738.4 bln yuan, beat forecasts
BEIJING, Nov 13 (Reuters) – Chinese banks extended 738.4 billion … Broad M2 money supply grew 10.3% from a year earlier, central bank data showed on Monday, in line with analyst forecasts in the …
Senators propose China disclosure rule for private equity
Private equity and venture capital funds could be facing more regulations on their investments into China, due to a new bill introduced by Sens. Bob Casey (D-Pa.) and Rick Scott (R-Fla.). Why it …