The central bank regulator, the China Banking and Insurance Regulatory Commission (CBIRC), said that it would “handle the risks associated with five rural banks,” four in Henan and one in Anhui. There …
FINANCE
Washington Post editorial board slams China for arresting bank protesters
Washington Post editorial board wrote an article Thursday which heavily criticized the Chinese government for cracking down on people protesting their inability to access their money.
China’s largest policy bank disbursed $27 bln loans for infrastructure stimulus
China’s largest policy bank said on Friday that it had disbursed 181.5 billion yuan ($27 billion) in loans for urban development projects in the first half of the year, and pledged to maintain an …
What China’s Alarming Financial Crisis And A Strengthening US Dollar Means For Bitcoin
China’s banks face insolvency risks with widespread mortgage boycotts. The U.S. dollar is strengthening and bringing bitcoin down in the process. “Fed Watch” is a macro podcast with a true and …
China’s launch of small-cap derivatives spawns new strategies, funds
Futures and options based on China’s small-cap CSI 1000 Index started trading in Shanghai on Friday, spawning fresh products and strategies from fund managers seeking to capitalize on the new hedging …
China’s financial crisis: Tanks roll on Henan streets to ‘protect’ banks amid protests
In a grim reminder of the horrific Tiananmen Square massacre, Chinese tanks were seen rolling on the streets of Henan to ‘protect’ banks amid large-scale protests as the country’s financial crisis …
Rural banks expose China’s failure
A depositors’ rights movement triggered by the collapse of several rural banks in China’s Henan Province has been simmering for a while and shows no signs of abating. The local government first tried …
Video: China Deploys Tanks After Top Bank Declares People’s Money ‘Investment Products’
The tanks were rolled on the streets to scare Henan bank protestors amid large-scale protests in the province by bank depositors over the release of frozen funds.
As China’s mortgage boycott revolt spreads, senior banking regulator assures steps to solve crisis
The mortgage boycott crisis in China has spread to 319 projects from around 100 a week ago Senior banking regulator says banks will provide loans to developers to complete delayed residential projects …
Video shows army tanks deployed in China to stop people from withdrawing money from bank; netizens react
A newly surfaced video from Henan shows a long queue of armoured tanks deployed on the street of China to prevent the citizens from getting to the bank to withdraw their own money …
VC funding by China startups plunge 38.5% YoY to $29.1 billion in H1 2022, finds GlobalData
A total of 1,880 venture capital (VC) funding deals of worth $29.1 billion were announced in China during the first half (H1) of 2022. Although this is the highest capital raised by startups in any…
Tiananmen Square 2? Tanks roll out to ‘protect’ banks in Henan as China’s financial crisis worsens – 5 points
The numbers already show a bleak scenario. Latest GDP data reveals China’s slowest economic growth since early 2020.
Here’s How China Might Respond to a Taiwan Visit by Nancy Pelosi
From frothy rhetoric to fighter jet incursions, China rarely leaves even a low-level exchange between the US and Taiwan unanswered. The question now is how far Beijing will go to signal its …
