China stocks ended lower on Thursday after the country’s latest bank lending data missed forecasts, and as Sino-U.S. tensions weighed.
FINANCE
China to increase financial support for epidemic-hit sectors China to increase financial support for epidemic-hit sectors
China will extend some of its pro-employment policies until the end of this year, further facilitate flexible employment and increase financial support for sectors that continue to be impacted by the …
China revives efforts to roll out property tax to rein in runaway home prices, after two-year silence
A high-level meeting of government departments involved in the proposal signals the much-anticipated residential property levy is back on Beijing’s agenda, according to industry experts.
China, Hong Kong stocks fall on soft bank lending, Sino-US tensions
The Chinese government has turned its western Xinjiang province into essentially an “open-air prison”, a U.S. State Department official said on Wednesday as the department published a report that …
China’s new yuan loans drop in April
China’s new yuan-denominated loans totaled 1.47 trillion yuan (about 228.77 billion U.S. dollars) in April, down 229.3 billion yuan year on year, central bank data showed Wednesday. The M2, a broad …
BlackRock, Temasek wealth management joint venture wins licence in China
BlackRock is the latest foreign firm to seek to expand its wealth-management operations in China as a swathe of financial service providers bet on rising incomes across the mainland.
Tricor & Financial Times Board Director Programme Report Reveals Critical Gaps for Boards in Mainland China in Digital Governance, Cybersecurity and Risk Management
Tricor Group and the Financial Times Board Director Programme co-released the inaugural Asia Pacific Board Director Barometer Report, uncovering corpo …
Fintech giant Ant Group’s MYbank joins China’s digital yuan platform
MYbank is the first online lender to join a group of major financial institutions that have set up online payment services to support broader use of China’s digital currency.
The World Bank’s biggest supplier country: China’s top 10 contractors
Last year, just over 23% of World Bank-awarded funding went to 136 Chinese organizations. Devex explores the data behind the bank’s biggest supplier country.
China April loans fall more than expected as central bank begins scaling back stimulus
China’s new bank loans fell more than expected in April while money supply growth slowed to a 21-month low, as the central bank gradually scales …
China debt: Beijing urged to use ‘window of opportunity’ to tackle leverage following coronavirus recovery
Following its strong economic recovery from the coronavirus pandemic, China has an opportunity to build a more ‘sustainable debt model’, policy advisers in Beijing say.
Fitch Affirms Bank of China (Hong Kong) Limited at ‘A’; Outlook Stable
Fitch Ratings has affirmed Bank of China (Hong Kong) Limited’s (BOCHK) Long-Term Issuer Default Rating (IDR) at ‘A’ …
Why China’s Credit Squeeze Hasn’t Popped Iron Ore’s Bubble
What could take the wind out of the surging price of iron ore? The rebound in the global economy as the Covid-19 pandemic recedes has sent rust on a wild ride. Prices for futures in…
