Chinese banks’ earnings may fall as much as 10% in 2024 if their bad debt ratios continue to rise on defaulting developers, according to JPMorgan Chase & Co. analysts. Developers’ nonperforming loan …
FINANCE
China financial regulator issues rules on insurance sales
China’s financial regulator, the National Financial Regulatory Administration, on Thursday issued rules on insurance sales, to better protect consumers’ rights and interests, according to a statement on its website.
Stock market today: Asian shares fall over China worries, Seoul trading closed for a holiday
Asian shares were mostly lower Thursday in subdued trading on looming worries about China property woes. Trading in shares of heavily indebted Chinese property developer China Evergrande Group was sus
U.S. Financial Firms Seek Clearer Guidelines on Investing in Chinese Tech Sectors
Financial industry executives question how the rules would apply to “U.S. persons,” the specific Chinese entities in focus,
Evergrande’s billionaire founder is under police control, report says, as Beijing’s crackdown on the property giant intensifies
The Bloomberg report comes as shares in the embattled Chinese real-estate giant plunged this week after saying it would be unable to issue new debt.
China’s Shengjing Bank in $24 billion deal to sell assets to government-backed entity
(Reuters) -Chinese regional lender Shengjing Bank said on Wednesday it has agreed to sell a portfolio of assets, including certain loans and investments, among others, for 176 billion yuan ($24.07 …
EU chamber tells China to walk the talk on liberalising markets to boost FDI, cement Shanghai as global financial hub
A key European business group in China is urging mainland authorities to renew their efforts to turn Shanghai into a global financial hub to increase the flow of foreign direct investment (FDI) into the troubled…
House Republicans claim to have bank wires from Beijing going to Joe Biden’s Delaware address. Hunter Biden’s attorney explained why.
A Hunter Biden attorney says the transfers were from private loans to Hunter Biden, and they referenced his father’s address because it was the one on his personal driver’s license at the time.
Billionaire Evergrande Founder Reportedly Placed Under Police Surveillance In China As Fears Of Collapse Grow
Hui Ka Yan was taken by police earlier this month and is being monitored at a designated location, Bloomberg reports.
From AI to to data leaks, cyber dangers threaten China’s infrastructure, state security chief warns
The risks are growing and their effects could be dire for transport, energy, finance and communication, Chen Yixin says.
Beijing Enterprises Water Group Ltd: A Deep Dive Into Its Dividend Performance
Beijing Enterprises Water Group Ltd (BJWTF) recently announced a dividend of $0.07 per share, payable on 2023-10-19, with the ex-dividend date set for 2023-09-27. As investors look forward to this …
China’s Ambitious Chip Fund Faces Headwinds Amid Economic Challenges and US Restrictions
China’s latest effort to bolster its semiconductor industry faces challenges in its initial stages, struggling
1st LD-Writethru: China to extend tax, fee supports for enterprises
China will continue to exempt registration fees for certain epidemic-prevention drugs and medical devices between Jan. 1, 2024, and Dec. 31, 2027, the ministry said. Supportive policies for funds used …
