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 …
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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 …
China cenbank says it will keep policy ‘precise, forceful’ to aid recovery
China’s central bank said on Thursday it would keep liquidity reasonably ample and keep its policy “precise and forceful” to support the country’s economic recovery, amid rising headwinds. Data for …
Chinese banks should keep a ‘proper level’ of profit margins -central bank
Chinese commercial banks need to maintain a proper level of profit and net interest margins to ensure sustainability in supporting the real economy, China’s central bank said in a monetary policy …
China’s Central Bank Pledges More Support as Domestic Demand Weakens, Risks Elevate
The PBOC said it would step up support for the economy as domestic demand weakened, businesses struggled and risks in key areas increased.
China’s consumers, central bank and statisticians all lack confidence
To soften the blow, the People’s Bank of China ( pb o c) duly lowered interest rates, as other central banks would do. But it reduced its medium-term rate by only 0.15 percentage points and…
China’s non-financial ODI up 18.1% in January-July
BEIJING – China’s non-financial outbound direct investment (ODI) increased 18.1 percent year-on-year to 500.94 billion yuan in the first seven months of the year, official data showed Thursday. In US …
Why is China not rushing to fix its ailing economy?
With China at risk of tipping into prolonged stagnation and a spiralling property crisis threatening financial stability, there is growing unease over why its leaders are not rushing to revive the …
