China’s first bond with a variable interest rate tied to a key benchmark dubbed “DR” was issued on Friday, marking the latest step by the central bank to improve the pricing mechanism for financial ……
FINANCE
Singapore Exchange lists China Development Bank’s onshore bonds
China Development Bank, one of the country’s major policy banks, announced Thursday to have successfully listed onshore bonds on the Singapore Exchange. A total of six CDB onshore financial bonds … ( read original story…
US in talks with Huawei finance chief Meng Wanzhou about resolving criminal charge
The U.S. Justice Department is discussing a deal with Huawei Technologies Co. finance chief Meng Wanzhou that would allow her to return home to China from Canada, in exchange for admitting wrongdoing … ( read…
China’s financial regulators fret about fintech’s power, and its risks to financial security. Here’s why
China has seized the global lead in tackling Big Tech lending which threatens to destabilise finance in multiple jurisdictions. ( read original story …)
U.S. in Talks With Huawei Finance Chief Meng Wanzhou About Resolving Criminal Charges
The Justice Department is discussing an arrangement with Meng Wanzhou that would allow her to return home to China from Canada, in exchange for admitting wrongdoing in a criminal case that has … ( read…
Wall Street Keeps Pushing Into China as Washington Balks
A year into China’s big bang opening of its financial markets, Wall Street has ever more to lose from a growing consensus in Washington over reining in Beijing. ( read original story …)
China’s central bank governor tells local governments, lenders: don’t count on a bail out
Yi Gang, governor of the People’s Bank of China, says the central bank cannot be counted on to come to the rescue of troubled local governments or financial institutions. ( read original story …)
China Punctuates More Market Freedoms With Tough Crackdowns
China’s loosening of control over capital markets is being accompanied by tougher oversight of companies that previously faced little regulation. ( read original story …)
UPDATE 1-Beijing city govt private equity arm will not invest in Danke – statement
An investment arm of Beijing’s city government said it would not fund property rental firm Danke, after Reuters reported it was holding talks with the cash-strapped Phoenix Tree Holdings Ltd brand … ( read original…
US debt to China: how big is it and why is it important?
What is the US government debt that China holds? The amount of US debt held by China refers to securities such as bills, notes and bonds issued by the United States Department of the Treasury…
As debt defaults rise, China’s government bonds might be a safer bet for investors
A series of high-profile defaults linked to state-owned companies in China jolted the credit market and rattled investors last month. ( read original story …)
China could subsidize its digital renminbi currency
The digital yuan is the most advanced of all current central bank digital currencies projects worldwide. Over 2 billion digital yuan has been spent so far in pilot schemes across the country, and … (…
China offers cash-strapped Kyrgyzstan a glimmer of hope on debt
After repeated requests, China has offered to let Kyrgyzstan defer a scheduled debt repayment, as the impoverished Central Asian country remains under a cloud of political and economic uncertainty. It … ( read original story…
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