Chinese President Xi Jinping visited Shanghai for the first time since 2020, as his government steps up efforts to prop up the country’s economy and financial markets.
FINANCE
Public Investors With $4.3 Trln Are Down on China but in on Net Zero
LONDON (Reuters) – Public pension and sovereign wealth funds managing $4.3 trillion in assets are pessimistic about investing in China, but keen to cut net emissions of their portfolios, according to …
China’s Xi visits financial hub Shanghai
SHANGHAI (Reuters) – China President Xi Jinping visited Shanghai, where he went to several venues and learned about the city’s efforts to strengthen its competitiveness as an international financial …
China Investment Bank Bans Bearish Research, Displays of Wealth
One of China’s largest investment banks has warned its analysts against making any bearish calls and to avoid showing off their lavish lifestyle, as Beijing continues to clamp down on well-paid …
Bank money laundering expert warned Bidens got China cash for nothing
The House Oversight Committee released the internal bank communication as Republicans prepare for a vote to authorize an impeachment inquiry.
China is already paying substantial climate finance, while US is global laggard – new analysis
Although China has 17% of the global population, it is responsible for just 11% of cumulative emissions. China is also much poorer per person than the US – or indeed, any of the developed countries…
Jamie Dimon says JPMorgan Chase would exit China if ordered to
JPMorgan Chase CEO Jamie Dimon said Wednesday that his bank, if ordered by the U.S. government, would exit China, the world’s second largest economy. “If the American government makes me leave China, …
China’s woes: Aiming for a big global role as its economy falters is tough
China’s slowdown is aggravated by two other significant factors. The first is a fast-deteriorating debt condition. This has two components—local government debt and corporate debt, the latter …
China’s Xi visits financial hub Shanghai in first trip in three years
China’s President Xi Jinping visited Shanghai, where he went to several venues and learned about the city’s efforts to strengthen its competitiveness as an international financial center, Xinhua news …
China launches criminal probe into ‘insolvent’ shadow bank
The troubles besetting one China’s biggest privately-owned financial conglomerates have deepened with Zhongzhi now at the centre of a criminal investigation.
HSBC CEO says bank ‘well provisioned’ for any further China real estate losses
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 …
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 …
