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…
FINANCE
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…
Beijing plans new policies on financial discipline
China plans to impose new measures to tighten financial discipline, prevent major risks and improve its financial structure in support of steady economic development, according to the central bank … ( read original story …)
China’s central bank injects liquidity into market Thursday
China’s central bank injected liquidity into the banking system through open market operations on Thursday. The People’s Bank of China injected 10 billion yuan (about 1.52 billion U.S. dollars) into … ( read original story…
The Ticking Debt Bomb in China’s $15 Trillion Bond Market
Investors in the world’s second largest bond market are facing a reality check. While defaults were once considered a rare occurrence in China’s bond market — with many borrowers having relied on … ( read…
China 2021: ‘Trust The Plan’
China will grow nearly 3% this year. And over 7% next year. But there are risks outside of the Made in 2025, export companies. ( read original story …)
Beijing’s growing crackdown on dissent in Hong Kong
China has moved to crush Hong Kong’s pro-democracy movement after huge and violent protests rocked the finance hub last year … ( read original story …)
China’s central bank injects liquidity into market Wednesday
China’s central bank injected liquidity into the banking system through open market operations on Wednesday. The People’s Bank of China injected 10 billion yuan (about 1.52 billion U.S. dollars) into … ( read original story…
Joshua Wong Leads Young Hong Kong Trio Facing Jail
Leading dissident Joshua Wong is among three young Hong Kong activists who will be sentenced on Wednesday for taking part in last year’s democracy protests as a crackdown on Beijing’s critics gathers … ( read…
China’s Africa loans ‘underestimated risk, like those of US, Japan in past’
Failure to foresee debt distress in African countries was caused by ignorance of the history of lending to developing nations, professor in Beijing says. ( read original story …)
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