“Foreign investors who choose to invest in China find it remarkably difficult to recognise these risks,” billionaire investor George Soros wrote this week in the Financial Times. “Xi’s …
FINANCE
Fitch Rates State Grid Corp of China’s Proposed Notes at ‘A+’
The bonds will be issued by SGCC’s wholly owned subsidiary, State Grid Overseas Investment (BVI) Limited, which was formerly known as State Grid Overseas Investment (2016) Limited, under its US dollar …
China’s central bank tells major banks to increase loan quota for August – sources
Some major Chinese banks stepped up lending toward the end of August and reduced a backlog in property loans after being advised by the central bank to increase loan quotas for the month, two sources…
Bank of China reports declining non-performing loan balance, rate
The Bank of China (BOC), one of the country’s four biggest state-owned commercial banks, saw its non-performing loan balance and rate drop in the first half of the year. The non-performing loan …
China’s PBoC: ‘Bitcoin Has No Value’. Can Central Bankers Kill Bitcoin?
This week, the People’s Bank of China said it had no value. Bitcoin, and other cryptocurrencies “are not legal tenders and have no actual value support,” Deputy Director of the Financial Consumer …
Fitch Affirms Bank of Beijing’s Long-Term IDR at ‘BB+’; Outlook Stable
Fitch Ratings has affirmed the Long-Term Foreign-Currency Issuer Default Rating (IDR) of Bank of Beijing Co., Ltd. (BOB) at ‘BB+’ and assigned a Short-Term IDR of ‘B’. The Outlook on the Long-Term IDR …
China’s c.bank tells major banks to increase loan quota for August – sources
Some major Chinese banks stepped up lending toward the end of August and reduced a backlog in property loans after being advised by the central bank to increase loan quotas for the month, two sources…
China-Australia trade: iron ore miner Fortescue set earnings, shipment records in past financial year
Australian governments and shareholders get rich from iron ore exports to China while traders in other industries struggle to find alternative markets for their banned goods.
China Construction Bank boosts inclusive loans in H1
The China Construction Bank CCB one of the country largest state-owned commercial banks saw its inclusive loans hit 171 trilli …
Nippon Steel Riding Beijing Policy Tailwind to Record Profits
China’s push to reduce carbon emissions is providing a tailwind for steel producers worldwide as it limits output from the country and pushes down the cost of key ingredient iron ore, according to …
Beijing has a new legal architecture for sweeping control over user data
Beijing wants to govern data as a key national asset within its borders, while trying to further unlock data’s potential.
China banking and insurance regulator fines PICC Property & Casualty
China’s banking and insurance regulator on Monday said it was fining PICC Property and Casualty Co Ltd due to a violation of the insurance law.The non-life insurer was fined 500,000 yuan (US$77,000), …
China to continue crackdown on cryptocurrency speculation
China will continually crack down on illegal fundraising and speculative trading related to cryptocurrencies, according to an official from the People’s Bank of China, the central bank.
