China’s central bank Governor Yi Gang and US Treasury Secretary Janet Yellen exchanged views on the economic outlook for the world’s two largest economies Wednesday, days after the leaders of the two …
FINANCE
China, HK stocks drop on COVID outbreaks, geopolitical risks
Chinese and Hong Kong shares fell on Wednesday, as concerns grew about rising COVID-19 cases in China, while market participants assessed risks after a blast in Poland stoked fears of an escalation of …
Bad loan ratio of China’s commercial banks declines in first 3 quarters
The non-performing loan ratio of China’s commercial banks fell to 1.66 percent by the end of the third quarter with strengthened risk-resistance, data from the banking regulator showed Tuesday. The …
China new home prices see sharpest decline in over seven years
Prices of new homes in China saw their sharpest decline for seven years in October, data showed Wednesday, as the real estate sector was battered by a debt crisis and a slowing economy.
Yellen Meets China’s Central Bank Governor as U.S. Seeks to Repair Ties With Beijing
Ms. Yellen met with People’s Bank of China Gov. Yi Gang for more than two hours on Wednesday on the sidelines of a summit of the Group of 20 major economies in Bali, Indonesia. They…
Optimism builds for China’s property sector after state financial package
Chen Jian, a 35-year-old in the city of Wuhan, is one of many victims of China’s property crisis. He bought an apartment in 2020, but the developer behind it collapsed, leaving him and his family…
China’s big move to end real estate crisis; expert explains how this will impact Beijing’s economy
The Chinese government on Friday released a 16-point playbook for financial officials that is aimed at helping both developers and buyers.
Armed Suspect Shot Dead by Police After Holding Hostage Inside Bank
Authorities in eastern China said an alleged hostage taker had been shot dead on Tuesday after the armed suspect had stormed a bank in a rare case in the highly securitized country. The Tai’an Public…
China stocks hedge fund Cederberg trims fees on poor performance -letter
Cederberg Capital, a hedge fund invested in Chinese stocks, has lowered investor fees after its returns continue to suffer by China’s reluctance to loosen its COVID policies. Hedge fund manager Dawid …
Developing countries, China seek ‘loss and damage’ fund – draft proposal
The G77 bloc of developing countries and China are proposing the establishment of a new ‘loss and damage’ fund to provide finance to countries hit by climate disasters, a draft text of their proposal …
Bank of America strategist says he’s tactically bullish on China for first time in two years as Hang Seng enters bull market
A strategist who has been cautious toward the world’s second-largest economy for two years is changing his view.
Chinese police shoot dead would-be bank robber, free hostage
BEIJING — Police in eastern China shot dead a would-be bank robber Tuesday and freed the hostage he had taken, in a rare instance of violent crime in the tightly controlled country. A notice on…
China’s financial sector executives face deeper pay cuts as firms heed President Xi’s ‘common prosperity’ push
Senior executives across China’s US$58 trillion financial system are facing additional pay cuts as firms weigh options to comply with President Xi Jinping’s ‘common prosperity’ drive.
