The escalating U.S.-China trade war could become a “forever war” that ultimately drags on with no clear end in sight, according to Stephen Roach, who is an expert on the Chinese economy. The former …
FINANCE
US says it could act against China firms, banks over Russian war support
The United States and other nations could take steps against Chinese firms and financial institutions over Beijing’s backing for the Russian war against Ukraine, a top U.S. official said on Friday. Th …
China’s top executives suffer first average pay cut in 2 decades as sluggish economy weighs on listed firms
Average annual salary of executives at Chinese listed companies last year fell by 3.27 per cent, mirroring broader patterns of stagnating or falling wages amid the sluggish economic recovery.
China Asks Bond Underwriters to Check for Local Debt Risks
A Chinese market watchdog asked some financial firms this week to review any bond underwriting that may have gone against government plans to defuse local debt risks, according to a notice seen by …
‘China’s London’? Hong Kong’s finance hub status will be cemented by mainland’s economic development, summit told
Hong Kong’s status as an international financial centre will be reinforced by yuan internationalisation and China’s economic transformations, according to top finance officials and industry players.
China posts a surprise factory slowdown as Beijing tries everything from cut-rate mortgages to ‘cash-for-clunkers’ to get consumers to spend more
Friday’s disappointing data could reinvigorate debate about the speed and direction of Chinese stimulus, as Beijing tries to revive the economy … suggested earlier this month. The investment bank …
Asian FX Weakens on Disappointing China PMIs; Dollar Holds Steady Ahead of PCE Data
On Friday, a notable trend emerged as most Asian currencies faced downward pressure, with the Chinese yuan notably drifting towards six-month lows. This shift was prompted by disappointing readings on …
China Ramps Up Warning on Bond Frenzy
China escalated a battle against investors betting on an extended rally in government bonds, hinting the central bank may sell some of its own holdings to cool the advance. The People’s Bank of China …
World Bank finds Chinese company committed violations in Bolivian infrastructure project
China State Construction Engineering Corporation, a key exponent of Beijing’s Belt and Road Initiative, is cited for water pollution and non-compliance with labour laws.
China’s central bank vows to speed up yuan internationalization, high-level financial opening-up
The People’s Bank of China (PBC), the central bank, has vowed to further strengthen coordination between the yuan and foreign currencies and improve basic institutional arrangements for the …
China mulls record fine for PwC over Evergrande auditing, Bloomberg News reports
China is weighing a record fine for PricewaterhouseCoopers LLP (PwC) and suspending some of the auditor’s local operations over its role in auditing troubled property developer China Evergrande Group, …
China’s Central Bank Wraps Up Biggest USD34.5 Billion Reverse Repo Operation in May
(Yicai) May 30 — The People’s Bank of China conducted about CNY250 billion (USD34.5 billion) of seven-day reverse repos, the largest replenishment of liquidity of this kind this month.
China Vanke in Advanced Talks With Banks for $6.9 Billion Loan
China Vanke Co., the Chinese state-backed developer that’s become the latest flashpoint in the nation’s property crisis, is in advanced talks with major banks for a loan of about 50 billion yuan ($6.9 …
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