We all want the financial system to operate smoothly but even experts can overlook the footnotes and step into a quagmire of bad investments.
FINANCE
Analysis: Why is Beijing hounding Jack Ma and Alibaba again?
Chinese e-commerce giant Alibaba Group Holding is in the news again. On Monday evening, state-run Xinhua News Agency reported that four government agencies had carried out “joint regulatory talks” …
Analysis: Beijing pounds Jack Ma and Alibaba again. Why?
Chinese e-commerce giant Alibaba Group Holding is in the news again. On Monday evening, state-run Xinhua News Agency reported that four government agencies had carried out “joint regulatory talks” …
China debt: local government spending under microscope to protect national economy from ‘systemic risk’
In an effort to curb the ‘systemic risk’ associated with local government debt, China is turning away from its investment-driven model and will hold local cadres accountable for life if they rack up …
China’s Bad-Bank Panic Unveils the Man Behind the Curtain
State support—explicit or implicit—is a crucial linchpin of the Chinese financial system. Things can unravel quickly when investors no longer believe it is there.
China Huarong Showdown Reveals Beijing’s Tougher Stance on Risk
Market turmoil surrounding China Huarong Asset Management Co. intensified on Wednesday as investors interpreted government silence on the embattled firm as a lack of official support.
China’s Environmental Data: The World’s Biggest Polluter In Numbers
China has pushed ahead in renewable energy, with the Global Wind Energy Council industry group noting 2020 was a record year for wind energy. The drive in wind energy came before a cut-off in …
Beijing FTZ delivers opportunities for international entrepreneurs
The Beijing FTZ was launched in September 2020 and covers an area … For example, the procedures of opening a bank account were unexpectedly complicated and time-consuming. “I can understand it as it …
China’s new bank loans rise in March but broad credit growth eases
BEIJING — New bank loans in China rose more expected in March from the previous month due to strong corporate and household demand, as the central bank walks a tightrope between supporting the rapidly …
China saw record 18.7% growth in first quarter: AFP survey
China’s economy grew at a record pace during the first quarter as it rebounded from a historic contraction caused by Covid-19, and boosted by exports and domestic demand, an AFP poll of analysts found …
China Huarong’s Plunging Bonds Point to Major Market Shift
For decades, it’s been an article of faith in China’s credit market: Companies controlled by the central government will get bailed out if they ever run into trouble.
Central bank and consumer buying in India and China arrest gold’s slide
Gold buying by central banks and consumers in India and China is stirring hopes for a recovery in the market, which has been hit by a wave of selling this year driven by large exchange…
China’s Ant Group to become financial holding company
Jiebei and Huabei, Alibaba’s affiliated consumer lending units, will be operated by Ant Group’s consumer finance company. China has been making efforts to mitigate financial risk and maintain a …
