Sri Lanka says that it has reached an agreement on key terms and principles on its debt restructuring with the Exim Bank of China.
FINANCE
Is the next subprime crisis brewing in China’s property market?
The slowdown in China’s asset-backed securities is raising fears of a repeat of 2008, when the complex, opaque products triggered a domino effect China’s potential trouble could start with the …
Beijing fund buys China bank shares in show of support for stock market
The state-controlled Central Huijin fund invested more than Rmb477mn ($63mn) in China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China and Bank of China. Shares …
Ex-boss of China banking giant arrested for taking bribes
Former China Everbright chairman Li Xiaopeng was also expelled from the Communist Party in the anti-corruption drive.
China’s timid bank buying sends rescue signals
China is responding. Economists and fund managers have been lobbying for Beijing to buy stocks directly to prop up the country’s equity markets which has been slammed by outflows. The call was partly …
Chinese Bank Stocks Gain After State Fund Raises Stakes — Update
By P.R. Venkat Chinese bank stocks rose after a state fund raised its stakes in the country’s four biggest banks, boosting hopes that Beijing will step …
China State Fund Buys Bank Shares, Fueling Rescue Hopes
China’s sovereign wealth fund increased its stake in the nation’s biggest banks for the first time since 2015, stoking speculation authorities will intensify efforts to prop up the sinking stock …
China’s ‘Big Four’ banks rally after state wealth fund boosts stake
China’s sovereign wealth fund, Central Huijin Investment, increased its stake in four of the country’s biggest banks late Wednesday in what is seen as a move to renew confidence in its stock market.
China issues guidelines to promote high-quality development of inclusive finance
BEIJING, Oct. 11 (Xinhua) — China’s State Council has released a guideline document specifying policies and measures to promote the high-quality development of inclusive finance over the next five …
China State Fund Buys Bank Shares, Fueling Market Rescue Hopes
China’s sovereign wealth fund increased its stake in the nation’s biggest banks for the first time since 2015, stoking speculation that authorities will intensify efforts to prop up its sinking stock …
OCBC’s Private Bank To Forge Ahead in China Despite Economic Slowdown
Amid an ongoing economic slowdown in China, Singapore-based private bank OCBC has declared its plans to expand its workforce in the country, a move that stands in stark contrast to the caution …
China consumers are ‘not out of the woods yet’: Bank of America
CHINESE consumers remain downbeat about the world’s second-biggest economy, despite initial signs of improvement in recent activity data, a Bank of America (BofA) survey showed. Read more at The …
China’s Financial Regulators Unveil Typical Cases to Bolster Consumer Rights Protection
China’s New Steps to Safeguard Financial Consumer Rights In an effort to enhance the protection of financial consumer rights, China’s National Financial Supervision and Administration Commission, in …
