Among the four biggest global accounting firms, Ernst & Young is likely to be the most exposed to Beijing’s crackdown on US-linked auditors, as it stands to lose about a 10th of its China revenue.
FINANCE
Debt-Restructuring Firm Houlihan Bets on More Distress in China
Houlihan Lokey Inc., a US financial services firm that has featured in some of China’s high-profile offshore restructurings, is betting on the country’s $4.7 trillion onshore credit market as a new …
Just how good can China get at generative AI?
If generative AI proves as transformational as its boosters claim, the technology could give those who wield them an economic and military edge in the 21st century’s chief geopolitical contest.
China’s raids on foreign firms hurt its own interests
Recent raids by Chinese security forces on US consultancies in China strike right at the heart of the west’s ties with the world’s second-largest economy. Such consultancies provide essential market …
How China makes economic plans: key moments explained
The meeting in Beijing, headed by President Xi Jinping, was a review of China’s first-quarter economic performance and set the tone for how the Communist Party will respond. On this occasion, the key …
China Orders Canadian Diplomat to Leave in Tit-for-Tat Move
China has ordered a Canadian diplomat to leave the country, in a tit-for-tat move hours after Prime Minister Justin Trudeau’s government expelled a Chinese envoy from his nation.
China Is a Loan Shark With No Legs Left to Break
Report: China Is a Loan Shark With No Legs Left to Break Create an FP account to save articles to read later and in the FP mobile app. Sign Up ALREADY AN FP SUBSCRIBER? LOGIN…
StanChart to hire 100 staff for new China investment banking unit
Standard Chartered is hiring at least 100 staff in China as the British lender gears up to launch an investment banking unit in the country targeting niche bond deals, the chairman-designate of the …
Agricultural Bank of China ups support for manufacturing sector
BEIJING – The Agricultural Bank of China, one of the country’s largest commercial lenders, has scaled up support for the manufacturing sector. As of the end of March, the bank’s outstanding loans to …
China’s car sales rise 2.1% in April as price war effect fades
China’s passenger vehicle sales rose by 2.1% in April from a month earlier, industry data showed, underscoring a slower pace of growth as the stimulus effect of price cuts and incentives faded.
TIMELINE-China’s steps to control its data and information
A Chinese investigation of consulting firm Capvision Partners over national security concerns is the latest step in a years-long campaign by Beijing to tighten control of data generated within its …
Hong Kong stocks fall 2% as investors digest China’s trade data; Asia markets mixed
Asian markets are mixed as China releases its trade figures, which will provide clues to its economic recovery …
Bank of China’s 22% Stock Surge Prompts Question on Unusual Trading
Bank of China Ltd.’s business operations are normal and it has nothing major to disclose to shareholders, the lender said in a filing late Monday after a surge in its shares.