China’s Supreme People’s Procuratorate (SPP) has pledged strict punishment for units and individuals offering “one-stop” services for financial fraud for …
FINANCE
Analysis-After battle with yuan bears, China is now keen to avoid sharp currency gains
SHANGHAI (Reuters) – Having spent all year trying to put a floor under the tumbling yuan, China’s central bank is suddenly faced with the opposite problem and is turning to subtle ways to stop the…
China Market Update: Hong Kong Rides Q2 Financial Results Higher As Baidu, NetEase, & Bilibili Report
Asian equity markets were mixed despite a stronger US dollar overnight, as Hong Kong outperformed the region, which was led by growth stocks and sectors on light volumes, in advance of Fed Chair …
China’s surprising bond boom
China’s sputtering economy has become glaringly evident in financial markets in recent months: A historic bond market rally has been underway, driving the longer-term interest rates down. Beijing …
PwC China faces 6-mth business ban, large fine over Evergrande audit, sources say
HONG KONG (Reuters) -Chinese regulators will likely impose a six-month business suspension on a big part of PricewaterhouseCoopers’ auditing unit in mainland China, as a penalty for its work on …
PwC China faces 6-month business ban, large fine over Evergrande audit, sources say
Chinese regulators will likely order business suspension for a big part of PricewaterhouseCoopers’ auditing unit in mainland China for six months, as part of punishment for its work on troubled …
China Gives Detail on Bond Crackdown With Some Solace for Bulls
A senior official at a Chinese regulatory body said Beijing will keep cracking down on speculative trading in longer-dated bonds, though suggested officials are not seeking to control yields as some …
China’s Slowing Economy Sparks Calls to Raise Deficit Ceiling
A growing chorus of Chinese economists called on Beijing to break away from an implicit budget deficit ceiling, opening the door to more central government borrowing as a way to shore up the faltering …
FirstFT: Beijing expected to unleash toughest ever Big Four penalty with PwC business ban
But we start with a scoop: PwC China has told clients it expects Chinese authorities to hit it with a six-month business ban that will start as early as September, as part of punishment over…
Growing Saudi-China ties makes case for yuan-based trade but challenges remain, S&P says
The strengthening ties between Saudi Arabia and China could enable oil trading between the two nations in the renminbi, according to S&P Global Ratings. Yuan-based oil trade between Riyadh and Beijing …
Third plenum charts path for reforms in China’s financial market, as doors are opened wider to welcome foreign institutional investors
Global investment management company, Allianz Global Investors, recently launched its first equity investment fund in the Chinese market, joining dozens of foreign financial institutions that have …
Dairy products and blue cheese are Beijing’s latest targets in its tit-for-tat trade war with Europe
Getty Images Beijing on Wednesday launched a probe into EU subsidies of some dairy products imported into China, the day after the bloc said it planned to impose five-year import duties of up to 36…
China authorises 11 new nuclear reactors in $31bn investment
China’s State Council has approved 11 nuclear reactors across five sites in the provinces of Jiangsu, Shandong, Guangdong, Zhejiang, and Guangxi. With a total investment of 220bn yuan ($31bn), …
