China will maintain fiscal expansion this year to spur an economic recovery, Vice Finance Minister Wang Dongwei said on Thursday, reinforcing market views that public spending will be the government’s …
FINANCE
China’s leaders are flailing as markets drop
I n recent weeks, China’s economic policymaking has been not just inadequate but a little skittish. On January 23rd draft rules on video games disappeared from the regulator’s …
Hong Kong’s New Security Law Brings Fresh Anxiety to Finance Hub
Hong Kong’s leader John Lee has spent the past year trying to revive the city’s business environment that’s been battered by pandemic curbs and China’s economic slowdown. His decision to enact a …
China is merging hundreds of small banks to fend off financial stress
China looks to curb the bad loan environment of its rural communities, Bloomberg reported.
South Africa’s Absa group to open office in Beijing
South Africa Absa Group a Johannesburg-based leading pan-African bank has announced that it will open a non-banking subsidiary in Beijing the capit …
China National Bank’s exposure to China fell below one trillion yuan; ratio of its net worth fell to new low of 22.7 per cent
The Financial Supervisory Commission announced today that in 2023 At the end of December, the total exposure of domestic banks to China fell below the trillion yuan mark, and the ratio of exposure to …
China Shows Japan The Way To Tackle Rural Bank Risks
TOKYO – Economists churn out mountains of reports on what China must learn from Japan’s decades of policy failure. This week, Beijing flipped the sc …
China Merges Hundreds of Rural Banks as Financial Risks Mount
China is embarking on its biggest consolidation in the banking industry by merging hundreds of rural lenders into regional behemoths amid growing signs of financial stress.
Here’s what to know about the collapse of China’s Evergrande property developer
Evergrande was listed as the world’s most valuable real estate company. But on Monday, a Hong Kong court ordered it to be liquidated.
Why China’s economy is doing better than people think, says a former PBOC advisor
China could hit its target growth rate if it focuses on boosting fiscal and monetary support, a former PBOC advisor wrote in Project Syndicate.
China rolls out fresh property relief measures to stem the fallout from Evergrande’s meltdown
Policymakers are trying to boost support for China’s real estate market. Evergrande this week was ordered to liquidate after years of attempted restructurings.
China’s Local Government Debt Hits Record High: Will It Lead to Default?
China’s local governments borrowed heavily to pay down debt last year and face the risk of default. Local government debt rose 10% year-on-year last year, with refinancing issuance accounting for more than 50% of the
A blizzard threatens to put a chill on the Lunar New Year holiday—and on Beijing’s hopes of boosting the economy
Data from Fliggy, an Alibaba-owned travel platform, reports a five-times increase in bookings for Shanghai and a six-times increase in bookings to Beijing, compared to the previous Lunar New Year …
