Officials from local branches of the China Banking and Insurance Regulatory Commission and central bank under investigation Henan and Anhui will start a third round of repayments on Monday to …
FINANCE
China targets $148 bln in financing for cash-strapped developers – FT
China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as Beijing tries to revive the debt-stricken …
China’s Xi Jinping warns Biden not to ‘play with fire’ over Taiwan
Chinese President Xi Jinping warned U.S. President Joe Biden against interfering in Taiwan in a call that took place amid soaring tensions over a possible trip to the self-governing island by House …
China Quietly Abandons 2022 Growth Target
Shares in mainland China and Hong Kong sink as the Beijing leadership walks away from growth of ‘around 5.5%’ for this year.
Gloom Returns to China Stocks With Worst Monthly Loss in a Year
Chinese stocks plunged Friday to cap a brutal month which marked the return of almost all the worries that have spooked investors for much of the past one year.Most Read from BloombergRockstar Games …
China extends tax exemption for electric cars, state media says
BEIJING (Reuters) – China will extend an exemption of purchase taxes on “new energy” vehicles as part of the measures to boost domestic consumption, state media said on Friday, following a cabinet …
China to launch pilot scheme for retirement savings as population ages
SHANGHAI: China will kick off a pilot scheme for long-term retirement deposits in November, part of efforts to meet rising demand for pension products from an ageing population, the government said on …
China Probes Officials, Repays More Depositors in Henan Bank Scandal
Authorities scrambling to contain the damage from a rural banking scandal in central China’s Henan province said on Friday that more depositors will be repaid, while three regulators were put under …
China probes officials, repays depositors in bank scam
Authorities in Anhui province’s Bengbu city issued a similar statement, saying they will start repaying clients at a bank there from the same date. Separately, the China Banking and Insurance …
China Mulls Seizing Builders’ Idle Land to Fund Frozen Projects
China is considering a plan to seize undeveloped land from distressed real estate companies, using it to help finance the completion of stalled housing projects that have sparked mortgage boycotts …
China’s Henan, Anhui provinces to make more repayments to rural bank scandal victims
BEIJING, July 29 (Reuters) – Financial authorities in China’s central Henan and eastern Anhui provinces … a new report from researcher Morningstar Inc, showed on Thursday. Finance Ex-JPMorgan …
China’s factory activity seen expanding at fastest pace in a year
China’s factory activity likely expanded at the fastest pace in a year in July, a Reuters poll showed on Friday, as production in COVID-hit manufacturing hubs resumed after emerging from lockdowns …
Smart money snaps up China stocks as market rebounds
Elite fund managers have been busy building new positions in Chinese companies as the country’s stock market rebounds from heavy falls.
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