China’s financial regulator said operations at China Huarong Asset Management Co. are normal and the company has ample liquidity, marking the first official comments aimed at easing investor concerns …
FINANCE
China’s central bank to double down on green finance
China central bank will take a slew of measures to improve its support for green finance according to Yi Gang governor of the Pe …
Skies orange in Beijing as sand and dust leave people struggling to breathe
Beijing’s skies turned orange after a giant cloud of sand blasted the city and air pollution levels skyrocketed. The capital’s air quality index, which measures how many pollutants are in the air, …
UPDATE 1-Chinese banking sector’s first-quarter profit growth at 1.5%, says regulator
China’s banking industry recorded first-quarter profit growth of 1.5% year on year, the country’s top banking and insurance regulator said on Friday, emphasising the importance of a crackdown on the …
AP Interview: China says US ‘too negative’ toward China
A top Chinese diplomat has called U.S. policy on China “too negative,” saying it highlights confrontation over cooperation. Vice Minister of Foreign Affairs Le Yucheng …
China regulator says Huarong operations are normal, has ample liquidity
China acts to calm credit markets after state-owned manager of distressed debt missed deadline to report annual results.
Factbox: Has China’s $16 Trillion Economy Fully Recovered?
China’s GDP expanded by a dizzying 18.3% in the first three months of 2021 from a year earlier, sealing its status as COVID-19’s “first in, first out” economy. It was the only major economy that…
Surge in illegal bank loan-funded China property buys worries regulators
Property purchases in China funded through bank loans fraudulently obtained by speculators are fuelling already red-hot real estate markets in its biggest cities and beginning to alarm regulators.
China’s banking industry posts 1.5% profit growth year-on-year in Q1-regulator
China’s banking industry recorded 1.5% profit growth in the first quarter from a year ago, an official of the country’s top banking and insurance regulator said on Friday, emphasizing a continued …
EXCLUSIVE-China asks banks not to withhold loans to asset manager Huarong – sources
Chinese regulators have asked some banks not to withhold loans to embattled asset management giant China Huarong Asset Management Co, as part of the supportive measures to stabilize its cash flow …
Citi Retreat Highlights Global Banks’ Struggle in China, India
Citigroup Inc.’s plan to exit its retail business in China and India underscores the frustrating battle for market share international banks face in two of Asia’s largest economies despite plowing in …
China’s economy grows at record 18.3% in first quarter as recovery speeds up
It was the strongest growth since at least 1992 when official quarterly records started.. Read more at straitstimes.com.
China’s First Quarter GDP Jumps a Record 18.3%, Beats Covid-Induced Slump Propelled by Domestic Demand & Govt Aid
China’s GDP jumped a record 18.3 per cent in the first quarter from a year earlier, official data showed on Friday.
