Citigroup Inc is aiming to launch its wholly owned China investment banking unit as early as the end of this year and hire about 30 people for the business, a person with direct knowledge of…
FINANCE
China’s LGFVs must repay a record US$651 billion of bonds in 2024
China’s local government financing vehicles (LGFV) need to pay back a record amount of maturing local bonds this year, testing the limits of a central government program to help them refinance their …
China Stress-Tests Global Economy At Moment Of Maximum Anxiety
It’s a reminder of how China is likely to stress-test the global economy as never before in 2024, and a moment of maximum anxiety for Asia. Though Batson points to 2021, the real original sin…
China’s fiscal spending will rise this year, finance chief says
Find out more about subscription packages here. CHINA’S government spending will rise this year, the nation’s minister of finance said, as authorities look for ways to bolster domestic demand and help …
China’s LGFVs Must Repay a Record $651B of Bonds in 2024
China’s local government financing vehicles, the companies that borrow on behalf of provinces and cities to finance mainly infrastructure projects, have 4.65 trillion yuan ($651 billion) worth of …
China steps up aid for regional banks as economic risks mount
Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your … are also being used to hasten mergers of weak lenders in China’s indebted regions, which are struggling …
Wall Street’s Ambitions in China Run Into a Rising Firewall
One of Wall Street’s biggest banks stopped briefing the head of its subsidiary in mainland China on sensitive company strategy, so the government can’t eavesdrop or demand details later.Most Read from …
Exclusive: China’s top banks tighten exposure to smaller peers to curb credit risk
Some of China’s top banks have sharpened scrutiny of smaller peers’ asset quality and have tightened standards for interbank lending, three sources said, in an effort to curb credit risk as a …
China’s Bona Film to Invest in ‘Avatar,’ ‘Deadpool’ Franchise Titles via Chip Seelig Deal
China-U.S. slate deals were plentiful in the mid-2010s, when Chinese companies were active in Hollywood as investors, finance partners and potential acquisitors. But much has changed since 2018, when …
China’s central bank resumes PSL, injecting 350 billion yuan of liquidity into three policy banks
The People’s Bank of China (PBC), the country’s central bank, resumed its pledged supplementary lending (PSL) facility in December 2023 and injected 350 billion yuan ($49 billion) of liquidity into …
Exclusive-China’s top banks tighten exposure to smaller peers to curb credit risk, sources say
Some of China’s top banks have sharpened scrutiny of smaller peers’ asset quality and have tightened standards for interbank lending, three sources said, in an effort to curb credit risk as a …
Iron Ore Extends Gains as Further Support From Beijing Expected
Iron ore climbed for a third day on expectations that China’s government will bolster economic stimulus, as pre-Lunar New Year holiday restocking commences.Most Read from BloombergIran Sends Warship …
China crude flows to storage poised to pick up after half-year lull: Russell
China’s flow of crude oil into inventories faded over the second half of last year as the world’s top importer reduced purchases in response to higher prices.
