China Belt and Road Initiative (BRI) has left scores of lower- and middle-income countries (LMIC) saddled with hidden debts totalling USD 385 billion, accor …
FINANCE
China-based infra bank lends $356mn for Chennai metro rail system
China and India are the top two shareholders in the 103-member bank, which was set up in 2016 at Beijing’s initiative, and seen as its answer to an international finance system dominated by western …
China approves Bank of Liaoning’s acquisition of local banks
China’s banking and insurance regulator on Thursday said it had approved the acquisition by Bank of Liaoshen, the newly established lender of China’s northeastern rustbelt Liaoning province, of two …
China urges banks to avoid housing speculation to curb Evergrande risk
China has urged banks to steady the housing market and avoid speculation as fears mount that Evergrande’s debt crisis could spill over into the property …
Investors can still find value in China, but be choosy, financial expert says
CI Global Asset Management senior vice-president says the two key questions investors should ask when evaluating Chinese stocks are whether a company can still grow after recent policy changes, and wh …
Billionaires Get Help From China’s Move to Contain Evergrande
China’s purchase of a stake in a struggling regional bank from China Evergrande Group aimed at preventing contagion is also benefiting Shengjing Bank Co.’s investors, including some poker pals of …
China Tells Bankers to Support Property Market, Homebuyers
China has urged financial institutions to help local governments stabilize the rapidly cooling housing market and protect the rights of some homebuyers, another signal that authorities are worried …
China Evergrande Shares Swing as Bondholders Await Word on Payments
Shares of debt-laden China Evergrande Group swung wildly on Thursday as the company looked set to miss its second bond interest payment in a week, as an additional $180 million in coupon deadlines …
Evergrande crisis likely to have a ‘big’ impact on China’s economy than financial sector: economist
Wei He of Gavekal Dragonomics says it is unlikely that the Chinese government will provide a large-scale bailout for the Evergrande group. The crisis will have a big impact on the real economy rather …
China’s housing market slowdown reflects bigger challenges
Beijing will dip into its deep pockets to ring-fence the financial fallout from Evergrande’s bankruptcy. But it’s the end of relying on a massive real estate boom to drive economic growth.
Evergrande sells US$1.5bil stake in Shengjing Bank
Scrambling to avoid defaulting on its debts, cash-strapped China Evergrande Group said it plans to sell a 9.99 billion yuan (US$1.5bil or RM6.46bil) stake in Shengjing Bank Co Ltd to a state-owned …
China Tells Bankers to Shore Up Property Market, Help Homebuyers
China has urged financial institutions to help local governments stabilize the rapidly-cooling housing market and protect the rights of some homebuyers, another signal that authorities are worried …
Changing China: How Beijing’s crackdowns are impacting business
Key to the common prosperity policies are Beijing’s attempts to narrow the huge wealth gap between the nation’s richest and poorest citizens. It is an issue that some would argue both endangers the …
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