China’s finance ministry, as well as the water resources ministry, have allocated a further 500 million yuan ($68.
FINANCE
China stresses more financial support for real economy, defusing debt risks
China’s financial authorities have stressed efforts to enhance financial support for the real economy, as well as to prevent and defuse local-government debt risks. Financial support for the real …
China Urges More Loans, Debt Risk Reduction as Woes Compound
China’s central bank and the country’s financial and securities regulators urged a boosting of loans to support the economy and the cutting of local government bond risks.
Finance ministry steps up monitoring of China’s property woes
The finance ministry launched a special team to step up its monitoring of concerns about China’s economy, with property woes in China deepening its economic trouble, according to ministry officials on …
China Heading Towards Imminent Financial Crisis? Another Big Firm Defaults On Loan Repayments
They are considered part of the “shadow banking” industry, a sector that forms an important source of finance in China. The term usually refers to financing activity that takes place outside the …
China shadow bank crisis sparks calls for policy response
Chinese fears of a spillover from missed payments on some shadow banking linked trust products and worsening consumer sentiment are expected to hasten a policy response to revive the country’s …
China Credit Contagion Risk Is Phantom, Structural Challenges Are Real
Country Garden Holdings defaulted and China Evergrande Group sought Chapter 15 protection to keep creditor restructuring plans on track. Is this China’s Lehman Moment?
Beijing steps up fight against money laundering even as it tries to stem capital outflow breaches
Chinese officials announced on Tuesday a new office at the central bank tasked with fighting money laundering. Read more at straitstimes.com.
Risk of ‘Real Lehman moment’ in China’s banking crisis? Here’s what Jefferies’ Chris Wood has to say
The failure of Chinese asset manager Zhongzhi Enterprise to fulfill interest payments on its wealth management products this week has raised concerns.
China intervenes to counter the confidence crisis and protect the yuan
The Asian giant is facing an uncertain economic climate due to defaults by real estate and financial companies
China’s Finance Ministry sets aside 1 billion yuan for flood relief
China’s Finance Ministry, along with its Ministry of Emergency Management, will pre-appropriate 1 billion yuan ($137.36 million) in central natural disaster relief funds to focus on supporting flood …
China’s central bank commits to ensuring stability of RMB exchange rate
BEIJING — The People’s Bank of China (PBOC), the country’s central bank, said it will implement a mix of policy measures to stabilize market expectations, resolutely prevent major exchange rate fluctuations, and keep the RMB…
China: A slowdown sends tremors worldwide
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