The bank has maintained it has a “good ongoing working relationship” with the Ministry of Finance and is a “leading foreign bank” for the issuance of G3 debt in mainland China. ( read original story…
FINANCE
China Shifted Some Borrowing to Companies as It Fought the Pandemic
Corporate borrowing had moderated in China but rebounded this year, driving a surge in the country’s debt-to-GDP ratio, according to a report by the Institute of International Finance. ( read original story …)
HSBC is in from the cold as China’s finance ministry adds bank in latest €4 billion bond sale after previous exclusion
HSBC is one of a dozen banks chosen to manage the latest international sale of Chinese sovereign bonds after it was left off a dollar-denominated sale last month for the first time since the country…
Beijing backs G20 debt relief programme
China will continue to support the Group of 20’s debt treatment framework for low-income countries, helping them ease potential solvency risks and promote post-pandemic economic recovery, Finance … ( read original story …)
PBoC drains liquidity from banking system
China’s central bank drained liquidity from the banking system through open market operations yesterday. The People’s Bank of China (PBoc) injected 50 billion yuan (about US$7.6bil) into the market … ( read original story …)
Infrastructure report: China Construction Bank has quietly been helping New Zealand’s economy
China Construction Bank, the world’s second biggest on assets, is ready and willing to add scale and experience to financing New Zealand’s major infrastructure project, and help grow the economy. “The … ( read original…
China must boost green finance to achieve carbon neutrality by 2060
The country needs to develop its domestic green finance industry, attract international investors and improve its overseas investments … ( read original story …)
Barack Obama: ‘I could not have a trade war’ with China due to global financial crisis
Barack Obama says that a hardline approach to China on trade is ‘entirely legitimate’, amid speculation that president-elect Joe Biden will continue Donald Trump’s tough stance. ( read original story …)
China stocks slip as healthcare shares, bond defaults weigh
China stocks ended lower on Tuesday, weighed by losses in healthcare stocks on concerns over lofty valuations, while more bond defaults hit sentiment. ( read original story …)
China Should Set Around 5% GDP Goal for 2021-2025: Think Tank Economist
China should set an average annual economic growth target of around 5% for the 2021-2025 period, a senior economist at a top government think tank said on Tuesday, in line with a Reuters report. China…
China backs G20 debt relief plan, says finance minister
China will continue to support the Group of 20’s debt treatment framework for low-income countries, helping them ease potential solvency risks and promote post-pandemic economic recovery, Finance Mini … ( read original story …)
Bloomberg New Economy: Calls Ring Out for a U.S.-China Reboot
China relationship hasn’t been this fraught since normalization in the 1970s. Former U.S. Treasury Secretary Hank Paulson on Monday noted that his warning two years ago that a new Iron Curtain would … ( read original story…
China-Pakistan CPEC project has long road ahead as Beijing puts hold on projects
The Covid-19 pandemic, ongoing political unrest and foreign debt limits have resulted in a slowing of Chinese investments in Pakistan as Beijing has put a hold on … can dictate terms on China … (…
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