SMEs are the largest and most dynamic group of enterprises. However, because of their small size, they are vulnerable to risks. It is important that the financial sector make greater efforts to better …
FINANCE
China acts to rein in yuan slump, set to raise FX risk reserve ratio to 20%
China’s central bank said on Monday it will reinstate foreign exchange risk reserves for some forwards contracts, a move that would make betting against the yuan currency more expensive in order to …
Wall Street banks review contingency plan as China-Taiwan tension escalates
While financial services executives said they view the risk of armed conflict in North Asia as low, they see tit-for-tat sanctions between the US and China that disrupt the flow of finance and trade …
Financial Crisis Redux Looms in Asia as Major Currencies Crack
Asian markets risk a reprise of financial crisis-level stress as two of the region’s most important currencies crumble under the onslaught of relentless dollar strength.
CHINA FOCUS: A reason for cautious optimism
In the first half of 2022, the global economy was marked with recession fears, rising inflation and disruptions caused by ongoing geopolitical tensions, officially marking the end of the boom …
China Probes Former Mutual Fund Executive in Anti-Graft Push
Chinese authorities put a former general manager of a local asset management firm under investigation, as the Communist Party further tightens oversight of the financial sector ahead of a key congress …
The financial system is still dealing with the fallout from 2008
The huge amount of quantitative easing required to paper over the financial crisis meant that the Treasury market growth outpaced the ab …
China’s policy bank ups financial support for major projects
The China Development Bank has provided another 150 billion yuan about 2145 billion US dollars to support major infrastructur …
Chinese cities glisten in financial center rankings
Chinese cities have four places in the top 10 global financial centers, according to the latest edition of the Global Financial Centers Index. Chinese cities have four places in the top 10 global …
China lockdown: 22 die of starvation under China’s harsh lockdown in Xinjiang
At least 22 people belonging to China’s repressed Uyghur and Turkic minorities died on one day due to starvation or a lack of medical treatment, it’s been reported.
Hong Kong’s financial services sector pushes for lifting of all Covid-19 restrictions ahead of major industry summit in November
The stakes are high as Hong Kong will host a major financial industry summit in November to signal that the city is ready to fully reconnect with the world.
China plans $4.2 billion fund to buy realty from developers
The fund will “invest in existing assets” of real estate companies and renovate the properties into rental housing, the lender said in a statement to the Shanghai stock exchange on Friday. The fund …
NIO: Beijing Steps In
Beijing made several moves which will directly affect NIO in the following quarters. Click here to see NIO’s potential tailwinds and headwinds and why I’m a bit optimistic now.
ADVERTISEMENT
