China’s banking sector regulator will push ahead with reforms in the country’s small-and-medium-sized lenders to defuse financial risks, it said on Thursday, at a time when the world’s second-largest …
FINANCE
China’s longest heatwave brings costlier eggs and more economic woes
China is enduring the longest and most severe heatwave in six decades that has left residents parched, industries without power and also threatens to hurt the country’s critical autumn harvest, adding …
China’s factories are shutting down again—but not because of covid
Mere months after widespread covid lockdowns in Shanghai disrupted supply chains and forced manufacturers to halt operations, China is again seeing an uptick in factory shutdowns.
Yangtze tributary runs dry as China faces another month of drought
Residents living near a tributary of the Yangtze river in the southwestern region of Chongqing clambered along the dry riverbed on Thursday amid an unprecedented drought across the region that could …
EXCLUSIVE China regulator launches new probe into banks’ property loan exposure – sources
article with image 7:04 AM UTC Finance EXCLUSIVE China regulator launches new probe into banks’ property loan exposure – sources, article with image 11:21 AM UTC. Updated undefined ago …
China’s non-financial ODI up in Jan-July
In US dollar terms, ODI rose 3.6 percent from the same period a year ago to $65.06 billion, according to the Ministry of Commerce. China’s non-financial ODI into countries and regions related to the …
Jiayin Group Inc. Reports Second Quarter 2022 Unaudited Financial Results
Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2022. Second Qu …
China’s economy could be in a period of ‘heightened peril,’ says risk advisory firm
Peter Richardson, Asia-Pacific director at Wallbrook, says recent moves by China’s central bank to cut interest rates can be interpreted as a reflection of the country’s internal political …
China strongly opposes trade talks between U.S. and Taiwan
China firmly opposes trade talks between the United States and Taiwan and says it will take all necessary measures to firmly safeguard its sovereignty, security and development interests, the commerce …
Singapore’s UOB sees Chinese stocks outperforming in the second half as Beijing moves to support economy
MSCI China Index fell 10 per cent in July, its worst monthly performance in a year ‘Positive vibes’ from Beijing indicate more support on the infrastructure and lending fronts, says Abel Lim of UOB …
China strongly opposes trade talks between U.S. and Taiwan
China firmly opposes trade talks between the United States and Taiwan and says it will take all necessary measures to firmly safeguard its sovereignty, security and development interests, the commerce …
EXCLUSIVE China regulator probes banks’ property loan portfolio – sources
China’s banking regulator is scrutinising property sector loan portfolios of some local and foreign lenders to assess systemic risks, sources with knowledge of the matter said, as the real estate …
Warburg, Macquarie Are Said to Be Close to Backing China’s Bohao
Warburg Pincus and Macquarie Asset Management are nearing an investment in Chinese data center firm Bohao Internet Data Services Ltd., according to people familiar with the matter, amid booming …