China’s securities regulator unveiled a package of measures on Friday aimed at reviving a sinking stock market, but investors said they would do little to boost confidence if the economy remains …
FINANCE
Turmoil at Zhongzhi sparks alarm over China’s $3tn shadow finance sector
Zhongrong, partly owned by investment group Zhongzhi, is one of the biggest players in a $2.9tn shadow financing market, referred to as the trust industry. Doubts over its health have added to …
China property update: Well, there’s been some bad developments
For countries like ours well within its sphere of influence, a further downturn in China almost certainly means trouble ahead … Read More The post China property update: Well, there’s been some bad …
Investors Fear China’s ‘Lehman Moment’ Is Looming
Troubles at a big trust company are making investors worry about financial contagion from property developers’ distress.
China Steps Up Efforts to Stabilize Markets as Confidence Slumps
Most Read from Bloomberg China Evergrande Group Files Chapter 15 Bankruptcy in New York ‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to Proliferate Goldman Plans Hiring Spree to Fix Lapses After …
China’s central bank steps up intervention after yuan hits 16-year low against greenback
Reuters reported that Chinese state banks were seen busy selling U.S. dollars to buy yuan in an attempt to slow the yuan’s depreciation. The PBOC noted that foreign exchange settlement and sales for …
China’s Hidden Financial Dangers Erupt With Shadow Bank Crisis
Zhongzhi Enterprise Group Co. attracted little notice within China and was almost unheard of everywhere else.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor …
China’s property giant Evergrande files for bankruptcy protection in Manhattan court
The world’s most indebted property developer defaulted in 2021 and announced an offshore debt restructuring program in March.
China’s shadow banking crisis sparked by defaulting property developers could trigger broader threat to economy, analysts warn
Missed payments by Zhongrong International Trust are ‘a ripple effect of the intensifying cash crunch faced by property developers like Country Garden,’ says analyst Shen Meng Further shadow banking …
Over 200 int’l institutions to attend 2023 CIFTIS finance service section
[Photo/Xinhua] The China International Fair for Trade in Services 2023 (2023 CIFTIS), scheduled to take place in Beijing from Sept. 2 to 6, will see 219 financial institutions and businesses …
China central bank makes biggest weekly net cash injection since March
SHANGHAI/SINGAPORE, Aug 18 (Reuters) – China’s central bank made the biggest weekly short-term liquidity injection into the banking system in nearly five months this week. The People’s Bank of China …
China Is No Threat to the Dollar
An upcoming meeting of the emerging-markets BRICS club is coming with chatter about an alternative to the global dollar. There are two chances: slim and none, writes Marc Chandler.
China’s property woes trigger shadow banking concerns
Liquidity issues in China’s property sector could possibly set off a spillover effect, influencing multiple sectors in the country’s economy, an analyst warned on Thursday (August 17). Fiona Jones …
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