Georgios Leontaris, chief investment officer for EMEA at HSBC Global Private Banking and Wealth, discusses the Chinese economic outlook and its market implications.
FINANCE
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…
China’s slow economic recovery, deflation fears driving down stock prices, yuan value: Report
Chinese economy bounced back after the government lifted its zero-COVID-19 restrictions in December. However, the recovery of the Chinese economy has lost steam.
Saudi Arabia in talks to join China-based ‘Brics bank’
The New Development Bank, the Shanghai-based lender better known as the “Brics bank”, is in talks with Saudi Arabia on admitting the country as its ninth member, a move that would strengthen its …
China’s policy bank ups financial support for rural development
It has issued more than 15 trillion yuan of financial bonds in China since 2004. As China’s only agricultural policy bank, it has offered credit support to agriculture and rural areas, with a focus on…
‘The ball is in their court’: China silent on US request for defence chief talks, senior official says
Beijing yet to respond to Washington’s request for meeting between Chinese Defence Minister Li Shangfu and American counterpart Lloyd Austin on the sidelines of the Shangri-La Dialogue in Singapore …
Marijuana Lobbying Firm Apologies For ‘Misguided’ Letter Referencing ‘Chinese-Backed Investors’ In Push For Banking Bill Amendments
A major marijuana lobbying firm has apologized after sending a letter to Senate committee leadership concerning a bipartisan cannabis banking bill that contained “inappropriate” references to …
China’s state banks seen selling dollars in onshore FX market – sources
China’s major state-owned banks were seen selling dollars in onshore spot foreign exchange market from Thursday and into Friday, sources with knowledge of the matter said.Such dollar selling appeared …
US-sanctioned Russian bank CEO hails yuan use while decrying US dollar weaponisation
VTB Bank’s Andrey Kostin spoke with Post during Russian delegation’s state visit to Beijing Russia’s second-largest lender, which lost billions last year after being cut off from US dollar and euro, …
Morgan Stanley Asia Job Cuts Include Key China Bankers, Six MDs
Morgan Stanley is letting go of at least six managing directors, including some key China bankers, as part of broader job cuts in Asia where dealmaking has been stymied by growing China-US tensions …
China Bulls Are Stepping Back as Stocks Witness Renewed Selloff
Chinese equities are losing their bullish strategist calls after a key benchmark wiped out all its gains for the year earlier this week.
