The Chinese central bank, the People’s Bank of China, boosted its gross injection of short-term cash into the financial system …
FINANCE
China’s Evergrande says it will make debt payment
Evergrande’s struggle to comply with financial restrictions imposed by regulators to curb rising debt in the Chinese economy has prompted fears a default might cause global shockwaves.
China’s pledge to end foreign coal finance casts doubt over projects worth $50bn
China’s pledge to end state financing of coal-fired power plants abroad could affect 44 projects with a total value of $50bn, according to US consultant Global Energy Monitor (GEM).
China pledges to stop funding new coal projects overseas
President Xi Jinping told the UN General Assembly that China would focus on helping developing economies embrace low-carbon energy.
‘Writing is on the wall for coal power’: China to ditch overseas coal funding, as US vows to double climate finance
Hopes grow that COP26 Climate Summit could deliver a breakthrough, after two of the world’s biggest emitters deliver key climate pledges …
Xi pledge gives coal bad bank fund more fuel
President Xi Jinping has promised that China will no longer build coal-fired power stations abroad read more . As the largest financier of such projects, Beijing’s announcement at the United Nations …
China Pumps $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. The People’s Bank of …
China Universal Bloomberg China Policy Bank Bond 1-3 Years Index Fund opens for subscription today
China Universal Bloomberg China Policy Bank Bond 1-3 Years Index Fund (012128) is launched today for subscription. The fund is a passive bond index fund managed by China Universal Asset Management Co.
Evergrande crisis will hurt China’s economic growth, says former central bank advisor
A default by Evergrande will have minimal effect on the Chinese financial system, said Li Daokui, a former advisor at the People’s Bank of China.
China’s Evergrande set to default on debt payment
Financial markets have priced in the prospect of payment as unlikely with one of its bonds trading at less than 30 percent of its face value.
Last coal financier China to stop building plants overseas
Historically one of the major providers of finance to overseas coal power projects, China, in a major announcement at the UN General Assembly, said it …
China injects $25 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.. Read more at …
China tells U.N. it will no longer finance coal power plants around the world
Chinese President Xi Jinping vowed to the United Nations on Tuesday that China will no longer build coal power plants in other countries, making a broader appeal for multilateral cooperation amid …
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