The Cyberspace Administration of China is reaching out to foreign companies to discuss ways to navigate the country’s new data-security laws, in an effort to dispel fears of multinationals about their …
FINANCE
Beijing tries to defuse economic fears after real estate developer Country Garden’s debt crisis
The Country Garden episode has echoes of Evergrande Group, which is trying to restructure more than $340 billion owed to banks and bondholders. BEIJING: China’s government is trying to reassure …
Analysis: China’s crackdowns rewrite investors’ private sector playbook
Buy the state, sell the capitalist – that’s how global investors are trying to play China’s latest anti-graft crackdowns as they see private enterprise increasingly sidelined in Beijing’s quest for …
China’s troubled $137-billion shadow bank plans debt restructuring, taps KPMG
The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure its debt and has hired KPMG LLP to conduct an audit of its balance sheet, …
China’s Troubled Shadow Bank Plans Debt Restructuring, Taps KPMG
The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure its debt and has hired KPMG LLP to conduct an audit of its balance sheet,
China’s central bank conducts 168-bln-yuan reverse repos
BEIJING, Aug. 17 (Xinhua) — China’s central bank conducted 168 billion yuan (23.31 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Thursday. The move aims to keep liquidity in…
China’s troubled $188 billion shadow bank plans debt restructuring, taps KPMG
SHANGHAI – The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure … While little known outside China, Zhongzhi is among the …
Central bank digs deeper to grapple with investor gloom
Beijing: The People’s Bank of China (PBoC) moved to improve fragile market sentiment yesterday with a step up in its recent support for the yuan and an injection of cash into the financial system. The…
China’s Real Estate Crisis Echoes Lehman Moment; Country Garden Warns Of ‘Major Uncertainties’ As Bond Redemption Looms
China is grappling with a monumental financial challenge as the turmoil in its real estate sector reverberates throughout the broader economy. Amid a backdrop of liquidity crises among numerous real …
China real estate: would-be buyers ask whether it’s a home or a hindrance as they seek to wait out market turmoil
Many are calling for a loosening of home- and car-buying restrictions that major cities such as Beijing have imposed for years, to help avoid a hard landing in the property market that would have deep…
UPDATE 1-Foreign investors reduce China’s onshore bond holdings in July
Foreign institutions held 3.24 trillion yuan ($444 billion) in bonds traded on China’s interbank market as of the end of July, the central bank’s Shanghai head office said on Tuesday, down from 3.28 trillion yuan…
French finance minister says economic ‘decoupling’ from China is impossible
France’s finance minister said during a visit to Beijing on Sunday that cutting all economic ties with China was “an illusion”, as some Western countries question their reliance on the Asian giant.
A major Chinese trust firm missed payments, adding to Beijing’s financial concerns
A trust linked to one of China’s wealth management giants has failed to make payouts on dozens of products in another sign of trouble in the country’s economy. Multiple clients at Zhongrong International Trust reported…
