China Merchants Bank will reap full benefits of the reopening. China’s reopening of its borders is expected to increase retail loan demand and decrease loan delinquencies, reports UOB Kay Hian. China …
FINANCE
China developers’ debt risks persist after support policies’ slow start
China’s Country Garden had some rare good news for the cash-squeezed property sector with an offshore debt repayment on Tuesday, but a closer look reveals just how much developers may still struggle …
U.S.-China friction stokes concern among some top finance bosses
The bosses of global investor Fidelity International and accountancy giant EY have voiced concerns about a fracturing of relations between the U.S. and China, speaking at the World Economic Forum in …
Shares slip as China data stokes economic slowdown fears
said Gaël Combes, head of fundamental research at Unigestion. “China is probably unlikely to provide the lift is has provided in the past, like during the global financial crisis.” Wall Street was set …
China’s growth falls to second-lowest level in decades last year, but is improving
The world’s No. 2 economy grew by 3% in 2022, less than half of the previous year’s 8.1% rate, official data showed Tuesday.
China’s reopening will boost Hong Kong markets despite weak GDP print, HKEX chairman says
Hong Kong markets are set to benefit from the reopening of the Chinese economy, despite Beijing’s disappointing annual GDP growth rate in 2022, according to HKEX Chairman Laura Cha.
China’s 2022 economic growth one of the worst on record, post-pandemic policy faces test
China’s economic growth in 2022 slumped to one of its worst in nearly half a century as the fourth quarter was hit hard by stringent COVID curbs and a property market slump, raising pressure on…
China’s Economy Fails To Meet Government Target, Expanding 3% In 2022
China’s economy grew just 3% last year, well below the government’s previous target of around 5.5% as headwinds including stringent Covid restrictions and a crackdown on the real estate sector took a …
China bad-debt firms plan property support of up to $31 billion
Measures are being stifled by large-scale coronavirus outbreaks after Beijing suddenly abandoned its Covid Zero policy. Read more at straitstimes.com.
China’s Overwhelming Debt Burden Points To Still Deeper Problems
Such measures may offer temporary relief, but they cannot address China’s deeper economic troubles and their reflection in financial markets. The size of China’s debt problem is truly staggering. At …
Janet Yellen to meet Chinese finance minister in Zurich this week
US Treasury secretary Janet Yellen will meet her Chinese counterpart Liu He in Zurich this week, in a surprise move that signals Washington and Beijing’s commitment to improving ties between the two …
Traditional bank stands to gain as it embraces the digital needs of young millennials disrupting the industry
HSBC extends its lead by embracing the market disruption caused by young millennials, who seek seamless digital services, a personal banking experience and a strong performance record from their bank.
China Bad-Debt Firms Plan Property Support of Up to $24 Billion
Chinese financial regulators and the nation’s biggest bad-debt management companies plan to offer as much as 160 billion yuan ($24 billion) of refinancing support to high-quality developers in the …
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