China Huarong Asset Management Co. is poised to receive about 50 billion yuan ($7.7 billion) of fresh capital as part of an overhaul plan that would shift control of the embattled company to …
FINANCE
China’s ‘Delta Stress Test’ Is About To Shake Global Economy
The country’s latest Covid wave is colliding with a financial system awash in preexisting conditions and policymakers intent on sabotaging its top innovators.
China stresses need to rationally ‘adjust excessive incomes’
China’s president has highlighted the need to reasonably adjust “excessive incomes,” the Communist Party of China announced on its website on Wednesday.
Fitch Affirms China Development Bank at ‘A+’; Outlook Stable
Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of China Development Bank (CDB) at ‘A+’ wit …
What China really fears about its big tech companies
Xi Jinping wants China’s youth and capital focused on the battle for national tech supremacy, not leisure and consumer power.
Xi Seeks ‘Common Prosperity’ While Curbing China Financial Risks
President Xi Jinping said China must pursue “common prosperity,” in which wealth is shared by all people, as a key feature of a modern economy, while also curbing financial risks.
China Approves Renewable Mega-Project Focused on Green Hydrogen
China’s booming hydrogen industry still has bottlenecks — including how the fuel is stored and used — that need to be tackled in the next five years, Securities Daily said in an article on …
China’s Circular-Economy Push Addresses Waste Reduction and Overcapacity
China’s inaugural Circular Economy Roadmap could drive long-term corporate shifts to reduce industrial waste, improve resource efficiency and tackle overcapacity in key industrial sectors, Fitch …
2nd LD-Writethru: Xi stresses promoting common prosperity amid high-quality development, forestalling major financial risks
President Xi Jinping Tuesday stressed efforts to promote common prosperity in the pursuit of high-quality development and coordinate work on forestalling major financial risks. Xi, also general …
China Huarong shareholders back consumer unit exit and new president
Embattled state-owned debt buyer China Huarong Asset Management received shareholder approval on Tuesday to exit a unit, restructure another and appoint a new executive director as it confronts its …
Reviewing North Asia’s Central Bank Digital Currency (CBDC) Progress
China’s determination to launch a central bank digital currency has prompted similar efforts by Japan and South Korea.
Do China Finance Online Co. Limited (JRJC) beta value of 1.54 signposts another twist?
At the end of the latest market close, China Finance Online Co. Limited (JRJC) was valued at $8.06. In that particular session, Stock kicked-off at the price of $4.90 while reaching the peak value of…
China sets out new rules to protect ‘critical information infrastructure’ as it bolsters data security push
Companies still need to wait to find out which category they fall into and what rules will specifically apply to them.
