HSBC is well provisioned against further China real estate losses, its CEO Noel Quinn said on Wednesday, amid a slump for the country’s property market that has led to bank writedowns in recent …
FINANCE
The Future of China’s Financial System
Last month’s Central Financial Work Conference underscored areas where China’s central government should intervene to strengthen and stabilize the economy, from restoring local-government balance …
Billionaire Ray Dalio thinks tech investors will have to choose between the U.S. and China: ‘The technology war isn’t going away’
But sinking tensions between Washington and Beijing are now forcing investors to pick sides. In August, the Biden administration barred U.S. investors from investing in Chinese companies working in …
Foreign-funded companies upbeat about China’s insurance brokerage business
Two foreign-funded insurance brokerage companies have obtained permits for insurance brokerage business in China marking the expansion of the country …
Hill leads talk on China’s economic future
An issue in understanding China’s economic forecast is the lack of available data; financial information is becoming difficult to access in an approach Blanchette described as an “epistemological …
China new home prices now seen climbing this year after policy steps
Prices of new homes in China are now expected to climb 3% this year after a slew of policy measures to support the country’s beleaguered property market, up from earlier expectations for prices to be…
Debt-laden China’s local governments scramble to rescue small banks with $21 bln in special bonds
Local governments in China have sold record amounts of so-called special bonds this year to inject capital into struggling smaller banks, as authorities seek to contain spillover risks from a …
China sees an ETF boom as investors wait for stocks to trough
Chinese stock investors are ploughing money into exchange-traded funds (ETFs) this year at the fastest pace on record as they choose to play a languid stock market passively and wait for it to trough.
UPDATE 1-China’s Nio teams up with Geely on auto battery swapping
Nio, with a plan to nearly double the total number of such stations in China this year, is one of a handful of EV makers betting on battery swapping as a major power option for…
How China’s lottery boom reflects a ‘long and challenging road’ to its economic recovery
Shifting consumption habits among Chinese consumers show how their risk appetites are changing, and many are willing to spend a small amount on the slim chance of a life-changing payout China’s …
Hang Seng Index, ASX 200, Nikkei 225: Fed Rate Path Bets and Beijing to Dictate Trends
Beyond the numbers, investors should monitor central bank chatter and stimulus commentary from Beijing. In the Asian futures, the ASX 200 was up 15 points, while the Nikkei was down 80 points on Wednesday. The…
Analysis-Debt-laden China’s local governments scramble to rescue small banks with $21 billion in special bonds
Local governments in China have sold record amounts of so-called special bonds this year to inject capital into struggling smaller banks, as authorities seek to contain spillover risks from a …
Here’s why China’s weak economy is good news for the US stock market
“China’s economy is in a property-led and fertility-led depression,” Ed Yardeni said, adding that China is “the world’s largest nursing home.” …
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