Yuan-denominated financial bonds floated by the Export-Import Bank of China (China EximBank) has exceeded 10 trillion yuan (about 1.4 trillion U.S. dollars), data from the bank showed. The lender has …
FINANCE
China’s zero-Covid pursuit has seen stocks plunge US$5 trillion since 2021, benefiting India
Beijing’s zero-Covid pursuit, regulatory crackdowns and tensions with the West have led to a US$5 trillion rout in Chinese stocks since early 2021. Indian stocks, meanwhile, have kept hitting record …
China steps up bid to calm markets ahead of key leadership meeting
China’s financial regulators are moving to stabilize equity markets and reverse a slide in the yuan in the run-up to a key national leadership meeting this month. But a gloomy growth outlook at home …
Taiwan Bank To Buy American Continental, Eyes Further U.S. Expansion Amid Military Tension With Beijing
Taichung Commercial Bank of Taiwan said on Friday it had agreed to buy California-based American Continental Bank for approximately $82 million as part of an effort to expand into the U.S. market.
China’s economic rise a source of global stability: PM
Prime Minister Shehbaz Sharif on Saturday congratulated China on its National Day, and said that the “peaceful rise of China as the second largest economy” and global power was a source of stability …
China’s fiscal revenue rebounds as pro-growth policies pay off
China’s fiscal revenue and tax revenue were both on the mend after months-long decline, a sign of pro-growth policies taking hold. The country’s fiscal revenue grew 5.6 percent year on year in August …
Economic Watch: China’s fiscal revenue rebounds as pro-growth policies pay off
China’s fiscal revenue and tax revenue were both on the mend after months-long decline, a sign of pro-growth policies taking hold. The country’s fiscal revenue grew 5.6 percent year on year in August …
China economy: Financial distress of local governments raises debt-default risks, weighs on average Chinese
Growing financial distress in regions across China is raising the risk of local governments defaulting on their bonds, as the nation presses on with its costly zero-Covid strategy.
China’s consumer finance firms see outstanding loans reach 710.6B yuan
Total assets owned by consumer finance companies surged to 753 billion yuan at the end of last year, up 43.5 percent from a year ago, said the report issued by the China Banking Association. Consumer…
China’s consumer finance firms see outstanding loans reach 710.6 bln yuan
The number of consumer finance companies in China rose to 30 by the end of 2021 with their outstanding loans reaching 7106 billion …
China asks top banks to provide US$84 billion in property funding: Report
China’s financial regulators have asked its six largest banks to offer at least 600 billion yuan (US$84.32 billion) of financial support to the property sector in a bid to gear up for the deepening …
March 2023: $2bn SAFE China deposits rollover sought
ISLAMABAD: Pakistan has sought rollover of SAFE China deposits of $ 2 billion in March 2023. Nong Rong, ambassador …
China to cut provident fund loan interest rate for first-time home buyers
China’s central bank said on Friday it would lower the interest rate for housing provident fund loans by 0.15 percentage points for first-time home buyers from Oct. 1, suggesting an urgency for …
