HONG KONG (Reuters) – China’s financial sector regulator is looking into the exposure of the Hong Kong units of domestic banks and insurers to the country’s local government debt, three sources with …
FINANCE
China’s economic bright spots provide a warning
Instead of developing a new path to prosperity, China’s optimistic city is riding on the coat-tails of the country’s geopolitical rivals. For more expert analysis of the biggest stories in economics, …
China’s Sichuan Trust unravels
CHENGDU, China — Some investors in a troubled trust fund in China are facing financial ruin under a government plan to return a fraction of their money, casualties of a slump in the property industry…
China central bank set to leave key rate unchanged on Friday
China’s central bank is expected to leave a key policy rate unchanged when it rolls over maturing medium-term loans on Friday, a Reuters survey showed, amid uncertainty over the timing of expected …
Citi Names Veteran Exec as New China Head of Commercial Bank
Citigroup has named an executive who’s been with the banking giant for over two decades to head up its commercial bank business in China, its latest personnel change as it undergoes a global …
China EV maker Nio has completed 40 million battery swaps so far
Chinese electric vehicle maker Nio has completed 40 million battery swaps so far, CEO William Li said on Thursday. Nio is one of a handful of EV makers betting on battery swapping as a major…
Iron ore faces China fundamentals and sentiment hurdles: Russell
He writes about trends in commodity and energy markets, with a particular focus on China. Before becoming a financial journalist in 1996, Clyde covered civil wars in Angola, Mozambique and other …
China’s consumer prices rise for first time in six months. But it’s too soon to say deflation is over
China’s consumer inflation turned positive for the first time in six months, largely supported by the Lunar New Year holiday, when a spending boom pushed up prices.
China central bank adviser urges structural reforms to spur growth
BeijingChina urged to prioritize structural reforms over economic stimulus for sustainable growth, says central bank adviser.
China’s military ambitions
China’s annual parliamentary meetings offer a glimpse into its future direction. This year, amidst economic headwinds, a key takeaway is the continued surge in defence spending …
Moody’s Downgrades China’s Vanke Amid Real Estate Sector Concerns
Yonhap Moody’s, an international credit rating agency, has downgraded Vanke, China’s second-largest real estate developer’s credit rating to “non-investment grade.” According to Bloomberg News, on the …
Why China’s 5 per cent GDP target has failed to reassure Asia
Beijing has shown no urgency at its NPC meeting to reboot or stimulate its economy in a way that would support its target, dashing the hopes of its neighbours worried about the drag from an…
China’s regulator says it wants ‘virtuous cycle’ between finance and real estate
China wants a “virtuous cycle” between the finance and real estate sectors and will accelerate the implementation of a real estate financing coordination mechanism, the National Financial Regulatory …
