Central Huijin Investment, which is controlled by China’s Ministry of Finance, issued a brief statement on its official website saying it has “already expanded the scope of buying ETFs in recent days.
FINANCE
China is facing the US financial crisis ‘on steroids’ as the real estate market collapses, famed hedge fund boss says
China’s property debt is a worse version of the US’ 2008 financial crash, Kyle Bass told CNBC. The country’s real estate sector was too debt-reliant, and now every public developer is in default. Just …
In China, Xi Jinping’s ‘financial superpower’ ambitions spur local scramble for resources
Some of China’s biggest provincial economies are looking to expand and diversify their financial resources this year, largely to fund economy-boosting construction projects, but analysts say this …
Global Times: Under Xi’s leadership, China strives to build a world-class financial sector
At the start of 2024, China’s opening-up push made a distinctive stride in the financial sector. On January 25, UK-based multinational bank Standard Chartered was approved to set up business in Hefei, …
China Stocks Notch Best Day in Years on Beijing Action
Chinese shares notched their best day in years after Beijing signaled its intent to prop up the battered equities market, including by directing a sovereign-wealth fund to boost holdings.
Suspended death sentence for ex-China bank head
A Chinese court has given the death with a two-year reprieve to a former head of China Mercantile Bank for crimes, including taking bribes and abuse of power. The Changde Intermediate People’s Court i …
China gives suspended death sentence to former top banker
A Chinese court has given a suspended death sentence to Tian Huiyu, an ex-president of China Merchants Bank and previously the right-hand man of China’s former economic tsar Wang Qishan, on charges …
China stocks rebound sharply on renewed talk of official support
Battered Chinese stocks leapt to their largest one-day gain in two years on Tuesday and the yuan rose on a slew of signals that authorities are strengthening their resolve to support slumping markets.
China’s offshore green bond market slumped 36% to record low in 2023 on rate hikes, lack of property issuers: Sustainable Fitch
Offshore green bond issuances in China fell 36 per cent last year to just over US$10 billion after declining 21 per cent in 2022, reaching half the level in 2021, according to the sustainable finance…
Warnings, liquidity boost and proverbs — China’s tools for propping up its stock market
Various Chinese financial authorities have commented on the onshore China stock market rout in the last three days, underscoring a familiar Beijing playbook.
China Stocks Rebound as Beijing Intensifies Efforts to Stem Rout
Chinese equities rallied as Beijing stepped up its efforts to stem a rout with a string of policy announcements including a state fund’s vow to boost stock purchases.Most Read from BloombergKing Charl …
China intervenes as post-Covid stock rout reaches US$5 trillion and regulator heightens scrutiny reminiscent of 2015 crash
China has begun to step into the market to help end a stock rout since January 2021, as its post-Covid economic recovery lost momentum. Regulatory scrutiny has also increased, leading to a tightening …
Beijing pledge saves China stocks from Asian slump: markets wrap
Asian stocks mostly dropped on reduced expectations for a swift Federal Reserve pivot to monetary easing. Chinese shares bucked the trend after authorities intensified rescue efforts.
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