The danger lurking in China’s debt-laden real estate sector was never so clear as in late September, when word of a possible cash crunch at China Evergrande Group, the world’s most indebted property … (…
FINANCE
China Market Update: Lufax Holdings Looks To Capitalize On Ant Group’s Fintech Interest With An NYSE Listing
Asian equities were largely higher on light volumes, though the 50 stock Hang Seng Index was off a touch/-0.2% after rising off its intra-day low of -0.9%. The broader Hang Seng Composite gained +0.3% ……
UK lawmakers accuse Huawei of ‘collusion’ with Beijing, say telco’s gear may be axed from British networks by 2025
In July, the U.K. government announced that mobile network operators in the country would need to rip out Huawei gear from their infrastructure by 2027. Now lawmakers say that might need to happen by … (…
China Commercial Vehicle Finance Industry Report, 2020-2026 Featuring 16 Commercial Vehicle Finance Companies
The “China Commercial Vehicle Finance Industry Report, 2020-2026” report has been added to ResearchAndMarkets.com’s offering. China’s … ( read original story …)
China’s Financial Markets Set for Calm Start After 8-Day Break
Chinese financial markets will trade for the first time this month on Friday and for once, investors can look forward to a relaxed start. ( read original story …)
Will Japan PM Suga’s latest moves help Tokyo take Hong Kong’s finance crown?
Already spooked by the unrest that has plagued Hong Kong in the last couple of years, companies were further concerned about the controversial national security law – that went into effect on June 30 ……
China policy bank pledges 100 bln yuan in loans to elderly care services
China Development Bank, one of the country’s policy banks, plans to issue 100 billion yuan (about 14.7 billion U.S. dollars) of loans for elderly care services over the next five years. The loans will ……
Billionaire Ray Dalio says ‘almost everybody is underweight on China’ and gives advice on how to invest in the world’s 2nd-largest economy
“Almost everybody is underweight on China if you look at any of the benchmarks relative to world capitalization,” the investor Ray Dalio said. ( read original story …)
China Bank raises P15 billion from bonds
China Banking Corp. raised P15 billion as investors swarmed its bond offering, prompting the bank to end the fundraising activity ahead of schedule. ( read original story …)
China is gobbling up metal, using infrastructure spending to fuel its economy
China is pouring cash into infrastructure, from green energy projects to electrical grids and airports, in an array of stimulus measures that are rippling through global financial markets. It’s … ( read original story …)
World Bank ramps up pressure on China to cancel debt to coronavirus-hit poor countries: Report
BEIJING: China, the world’s largest creditor, is increasingly coming under pressure to cancel its huge debt to coronavirus-hit poor countries under the Group of 20 Debt Service Suspension Initiative … ( read original story …)
Chinese bank reports 1 trillion plus yuan in loans
BEIJING, Oct. 7 (Xinhua) — China Minsheng Bank has reported nearly 1.1 trillion yuan (about 161.52 billion U.S. dollars) worth of outstanding loans to private businesses in the first eight months of … ( read…
Wall Street Moves Into China, Despite Tech and Trade Battles
With tensions running high, Washington and Beijing have pushed to decouple technology and trade. But American financial firms including JPMorgan and Goldman Sachs are doubling down on investing in … ( read original story …)
