Tesla’s Elon Musk met China’s foreign minister Qin Gang in Beijing on Tuesday, the Chinese ministry said in a statement. Qin Gang told Elon Musk China was “committed to creating a better …
FINANCE
TikTok Creators’ Financial Info, Social Security Numbers Have Been Stored In China
TikTok has stored the most sensitive financial data of its biggest stars — those in its “Creator Fund” — on servers in China.
China Central Bank Makes Massive Central Bank Bills Swap
The People’s Bank of China implemented the fifth Central Bank Bills Swap (CBS) operation in 2023 on Monday May 29, 2023. The amount of CBS was 5 billion yuan, with a duration of 3 months.…
UPDATE 1-New Development Bank issues $1.2 billion of panda bonds
The New Development Bank issued 8.5 billion yuan ($1.23 billion) worth of panda bonds in China’s interbank bond market on Monday to mobilise resources for financing sustainable development projects, …
New Development Bank issues 8.5-bln-yuan bond on China Interbank Bond Market
The New Development Bank (NDB) has issued an RMB-denominated bond of 8.5 billion yuan (about 1.2 billion U.S. dollars) on the China Interbank Bond Market, the bank announced on Monday night. It is the …
China’s GF in talks to buy 20% stake in asset manager Value Partners – sources
Chinese investment bank GF Securities is in final talks to acquire a 20% stake in Hong Kong-listed asset manager Value Partners, sources familiar with the matter said. GF Holdings (Hong Kong), the …
China continues to deepen all-round cooperation with NDB: spokesperson
A Chinese foreign ministry spokesperson on Monday said that China stands ready to continue to deepen all-round cooperation with the New Development Bank (NDB) and support it in growing stronger.
US long-only funds have sold $6 bln in China ADRs this year
U.S.-domiciled long-only funds have unwound more than $6 billion in U.S.-listed China stocks this year, Morgan Stanley research shows, as China’s fading recovery outlook and widening geopolitical …
One of China’s biggest cities is so cash-strapped it’s calling in debts
It urged them to pay their overdue debts as soon as possible. The debtors or guarantors include state or privately owned companies, government departments and think tanks, according to official media …
China will have to deploy more fiscal stimulus and targeted easing, HSBC strategist says
Georgios Leontaris, chief investment officer for EMEA at HSBC Global Private Banking and Wealth, discusses the Chinese economic outlook and its market implications.
Beijing releases Web3 white paper, highlights challenges in talent, rules
Beijing’s local government on Saturday released a white paper outlining plans and challenges for development of the city’s Web 3.0 industry.
World Bank chief makes final appeal to China on developing nation debt
World Bank President David Malpass has one last request for China as he prepares to step down in June: provide relief to countries that are suffering from mounting debt. As a top lender, China needs…
US debt ceiling crisis: risks still lurk for China despite prospect of deal, analysts say
Beijing is one of the world’s biggest holders of US debt and could be affected by future turmoil in the market and the dollar The two countries are still linked and an agreement is in…
