China is selling its first ever batch of crude oil from its strategic petroleum reserve tomorrow (Sep. 24). While unprecedented, it’ll be a small auction: just 7.38 million crude barrels, about half …
FINANCE
China Pumps $17 Billion into System Amid Evergrande Concerns
China’s central bank net-injected the most short-term liquidity in eight months into the financial system, with markets roiled by concerns over China Evergrande Group’s debt crisis.
Indonesia Finance Minister warns of ripple effect from China’s Evergrande debt woes
Indonesian authorities are monitoring the financial market situation in China, finance minister Sri Mulyani Indrawati said on Thursday, and warned that property firm China Evergrande’s debt woes could …
Developer Evergrande meets initial interest bill, as China’s central bank acts to soothe the market
China’s debt-laden property group Evergrande yesterday agreed to settle interest payments on a domestic bond, while the Chinese central bank injected cash into the banking system, temporarily soothing …
China Banks Downplay Risks After Evergrande Missed Loan Payments
A number of China’s publicly-traded banks rushed to assuage investors who are concerned about risks from the deepening crisis at China Evergrande Group.
Does China want to make Beijing the epicenter of sustainable finance?
The opportunity to have assigned an important agency would not only represent an important feather in the cap for the city of Beijing but also grant a major recognition to a country.
China to halt overseas coal finance, shift its influence to green and low carbon energy
China’s leader Xi Jinping says the economic powerhouse will stop funding coal plants overseas and shift its focus to green energy.
Investors May Be Further “Left Smarting” After Evergrande As China Retools Economic Policy
“Social stability is paramount, meaning that anything that might spark unrest or appear to privilege wealthy private investors or foreigners while wiping out the savings of average Chinese citizens is …
Iron ore could drop to $US70 a tonne, Bank of America
Prices for the steel-making material could further collapse as the rebound in global growth moderates and China intensifies its effort to curb emissions.
China Injects $18.6 Billion Into Banking System During Evergrande Crisis
China’s central bank boosted its gross injection of short-term cash into the financial system after concern over a debt crisis at China Evergrande Group roiled global markets. Most Read from …
‘China should install 100GW of green hydrogen by 2030’, says Beijing-supervised body
Beijing may be testing the reaction to a new China Hydrogen Alliance position paper as part of its preparations for a new national H2 strategy, writes Leigh Col …
Ant Group’s micro loan service Huabei begins to share data with China’s central bank
China’s Ant Group has begun to send its consumer credit data to a database run by China’s central bank, a key move for both the company and regulators as Beijing tightens its grip over the…
Investors Are Reading Evergrande All Wrong. China Would Never Allow a Lehman Moment.
The idea of sudden contagion in China’s financial system is misguided. The sector is entirely under state control, write Shehzad Qazi and Derek Scissors of China Beige Book.
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