China’s central bank rolled over maturing medium-term loans on Wednesday, while keeping the interest rate unchanged for the 17th month in a row.
FINANCE
China’s Industrial Output Rose 5.3% Y/y in August, Retail Sales up 2.5%
China’s industrial output grew 5.3% in August from the same period a year ago, narrowing from a 6.4% increase in July, while retail sales growth slowed significantly, official data showed on Wednesday …
CX Daily: The Never-Ending Battle To Curb China’s Hidden Debt
The never-ending battle to curb China’s hidden debt. Regulators are once again playing whack-a-mole to stamp out practices local government financing vehicles ( …
Digital Yuan Goes Head to Head With Alipay, WeChat in Beijing
Swipe your bracelet, watch or even a walking stick, and you can pay for your goods with digital yuan. These are just some of the quirky gadgets that China’s central bank, lenders and technology giants…
China Evergrande Hires Financial Advisers as Protests Erupt at Its Offices
China Evergrande moved closer to a potential restructuring of its $89 billion debt burden by hiring outside advisers, while protests broke out at some of its offices.
Explainer: How China Evergrande’s debt troubles pose a systemic risk
China Evergrande Group (3333.HK) has raised fresh warnings of default risks amid late payments to wealth management and trust products.
A Chinese Property Giant Warns of ‘Tremendous’ Financial Pressure
China Evergrande hired restructuring experts, sending its shares lower and adding to worries about what its fate might mean to the country’s economy.
Lowe spells out the Reserve Bank’s China watchlist
As the Chinese property giant Evergrande lurches closer to default, Reserve Bank boss Phil Lowe says that it is one of the items on the central bank’s China watchlist.
China uses app to monitor access to overseas financial news sites
Chinese police are using a new anti-fraud app installed on more than 200m mobile phones to identify and question people who have viewed overseas financial news sites, according to individuals summoned …
Goldman Sees Limited Long-Term Damage from China’s Crackdowns
China’s recent regulatory tightening will cause limited damage to the country’s long-term economic growth and investment prospects, although financial markets will likely remain volatile in the short …
Indebted developer China Evergrande says property sales continue to drop, warns again it could default
Ratings agencies have repeatedly downgraded Evergrande since last year as the world’s most indebted property developer struggles to remain liquid.
IHS Markit discusses China’s target to consolidate its electric vehicle market
Huaibin Lin of IHS Markit says China’s electric vehicle market has experienced tremendous growth for the past 20 years, but the time may come for the market to contract.
FirstFT: Beijing to break up Ant’s Alipay
Beijing wants to break up Alipay … Libor replacement reaches Wall Street’s leveraged loan market Bank of America has started marketing the first leveraged loan tied to the interest rate that is set …
