China’s potential economic growth is expected to be kept within reasonable range, and the country will be able to maintain normal monetary policy and positive interest rates for as long as possible, …
FINANCE
‘The worst is behind us’: Hong Kong kicks off its finance summit with top global bankers
Hong Kong leader John Lee sought to drum up confidence in the city’s future as a global financial hub on Wednesday, as he welcomed some of Wall Street’s top executives to its biggest international …
China bank regulator encourages foreign capital to cooperate with Chinese entities
China’s banking regulator encourages foreign capital to cooperate with Chinese entities, said Xiao Yuanqi, vice chairman of the China Banking and Insurance Regulatory Commission (CBIRC).Xiao also told …
PM in Beijing to discuss debt, CPEC
ISLAMABAD: Prime Minister Shehbaz Sharif arrived in Beijing on Tuesday to meet Chinese leaders and discuss plans …
Auditor Exodus At Embattled China Property Firms Triggers Governance Concerns
Auditors of at least 14 Hong Kong-listed Chinese property firms have exited this year, securities filings showed, raising governance concerns about the debt-ridden developers several of whom are yet …
China’s Growing Political Autocracy Limits Its Economic Prospects
China’s attempt to build a more socialist economy contradicts market reforms it has tried to implement, and it’s having disastrous effects.
Xi Jinping promises financial stability. He is not delivering it
For years she has run a packaging-materials factory in Qinzhou, a mid-tier city in southern China. Recently, though, the 51-year-old lost millions of yuan investing in “low-risk” financial products.
China Evergrande unit gets notice for $4.48 bln loan from Shengjing Bank
Debt-laden property developer China Evergrande Group said on Tuesday its unit received a notice of enforcement for unrecoverable funds from Shengjing Bank Co Ltd .
China PBOC Issued CNY154.3 Billion in October Under Pledged Supplementary Lending Program
Analysts said the funds issued via PSL this time were used to finance China’s government-backed infrastructure projects. In order to meet the temporary liquidity demand of financial institutions, the …
Net profit of China’s listed firms up 2.46 pct in first 3 quarters
China listed companies raked in 475 trillion yuan about 659 billion US dollars of net profit in the first three quarters of thi …
China’s yuan hits 15-year low after official guidance breaches key level
China’s yuan hit a near 15-year low against the dollar on Tuesday, after the central bank fixed the official guidance rate at its lowest level since the global financial crisis of 2008.
Credit Suisse eyes China’s booming wealth management industry as Swiss bank goes back to its roots
The 166-year-old Swiss bank sees the sector as a key focus of a ‘radical’ restructuring that aims to return it to its core foundation, according to chairman Axel Lehmann.
Australia news live: China warns ‘arms race’ could follow Australian B-52 bomber deployment; Reserve Bank tipped to deliver Cup day rate rise
Aussie firm turns classic cars electric An Australian startup adding modern technology to classic Land Rovers will become part of one of the biggest electric vehicle conversion companies in the …