Delisting might be the easy way out for China to keep its troubled, small lenders out of the public eye. Bank of Jinzhou , which was rescued by a $1.7 billion bailout from the central…
FINANCE
Bank of China plans $21 billion bond sales to comply with global capital requirements
The lender said it plans to tap both domestic and overseas debt markets to sell a new category of total loss-absorbing capacity (TLAC) bonds, according to a Friday filing with the Shanghai Stock …
China to merge three major asset managers into China Investment Corp -Xinhua
Orient Asset Management and Great Wall Asset Management into China Investment Corp (CIC), state-run Xinhua Finance News reported on Sunday citing unidentified industry insiders. The merger is part of …
China tightens securities lending rule to support stock market
Strategic investors won’t be allowed to lend out shares during agreed lock-up periods, the Shanghai Stock Exchange and Shenzhen Stock Exchange said in separate releases following the China Securities …
China’s securities regulator suspends lending of restricted shares
China’s Securities Regulatory Commission (CSRC) has suspended lending restricted shares, effective January 29. This decision came after significant market declines and aimed to foster a more equitable …
Red China Scores a Win in South Pacific as Tiny Tuvalu Votes Out a Prime Minister Who Favors the Republic of China on Taiwan
The outgoing prime minister of Tuvalu, Kausea Natano, has advocated maintaining diplomatic relations with the Republic of China that rules the island province of Taiwan. He faced strong opposition …
China aims to aid on developer loans
They were announced last week by the People’s Bank of China, the National Financial Regulatory Administration and the Finance Ministry. Beijing moved last week to stabilize ailing financial markets …
Organic Scintillator Market Poised to Reach $321.3 Million by 2030, with China Exhibiting Prominent CAGR of 11.9%
The U.S. and China: Prominent Players in the Organic Scintillator Sphere As of 2022, the U.S. Organic Scintillator market stands strong at an estimated US$48.6 million. China, as the second largest …
China can absorb its property crisis. Can the US and Europe say the same for theirs?
The US, the largest commercial property market in the world, has seen prices tumble since the Federal Reserve started raising interest rates The knock-on impact of falling property prices on the …
China Development Bank lends over 3 trln yuan in 2023
BEIJING, Jan. 27 (Xinhua) — The China Development Bank, a major policy bank in the country, issued a total of 3.08 trillion yuan (about 433 billion U.S. dollars) of loans last year, according to data…
China told US officials its banks ‘doing well’ despite financial turmoil, Yellen says
“They received assurances that banks in China are doing well.” Chinese financial markets … Yellen said she expected G7 finance ministers to soon receive a report reviewing potential legal …
China hands former top bank official 20 years in jail for bribery
He Xingxiang, who once served as vice president of the China Development Bank, was issued the sentence by a Beijing court for “accepting bribes, illegally issuing financial instruments, illegally …
China Is the Top EV Maker. Beijing Takes Aim.
China produces more electric vehicles than the rest of the world but Beijing sees “blind” expansion that needs to be curtailed.
