The world’s top steelmaker has added its voice to the growing sense of alarm among China’s mills over crisis conditions in the industry due to poor demand and plunging profits. Most Read from …
FINANCE
China’s Credit Market Rocked by More Debt Delays, Plunging Bonds
China’s credit market is now showing stress on an almost daily basis, as a worsening property crisis shatters assumptions about safe borrowers and even Chinese investors turn against troubled debtors.
China deploys bad-loans expert to clean up Henan’s festering banking and property mess
Henan Asset Management Corporation (AMC) appears to be one of the first local AMCs to help tackle difficulties of property developers in the current round of crisis A proposed rescue fund is expected …
US-China tensions threaten weaker economies, climate change and war
The divisions between the two most powerful countries on Earth are widening so quickly that international observers say an epoch-defining change is under way -t he US and China are ‘decoupling’ …
China Fines Didi $1.2 Billion After Wrapping Year-Long Probe
China fined Didi Global Inc. more than 8 billion yuan ($1.2 billion), wrapping up a year-long probe into the ride-hailing giant that’s come to symbolize Beijing’s bruising campaign to rein in its …
China investors call it quits as Xi, ‘zero COVID’ sap confidence
Once a regular investor in Chinese tech companies, Lian now views China as an increasingly risky bet as the country’s autocratic turn under Xi Jinping and ongoing “zero COVID” lockdowns cast a cloud …
China to repay more depositors to defuse rural bank scandal
Chinese regulators took fresh steps on Thursday to defuse anger over a banking fraud that has sparked high-profile protests, by announcing a second round of repayments to depositors whose funds were …
China to repay more victims next week in biggest bank scam
Regulators won’t make repayments for accounts that are suspected to have involved illegal activities Read more at straitstimes.com.
China’s Top Performing Fund Ramps Up Energy Bets, Cuts Property
China’s top-performing mutual fund this year doubled down on energy stocks in the second quarter while cutting exposure to property names, a strategy that handed a 15% return. Most Read from …
Mortgage boycott risks manageable for China’s banking system, but small lenders vulnerable, experts say
China’s banking sector has sufficient buffers to avert a blow out in non-performing loans, as the ongoing revolt by mortgage borrowers is limited to smaller cities, which can be tackled once financial …
On the 25th anniversary of the Asian financial crisis, is once-saviour China the new worry?
Amid the preoccupations of pandemic-induced disruption, Asia this month marked the 25th anniversary of a different contagion – the financial crisis that swiftly enveloped the region after the dramatic …
Eyes wide open on China deals
Because China had failed to act on funding requests pending since 2019, former finance secretary Carlos Dominguez III canceled the Philippine government’s application with China’s Eximbank for …
China’s Mortgage Boycott Capital Plans Property Bailout Fund
A Chinese city facing the most boycotts by angry homeowners is setting up a bailout fund to help cash-strapped developers complete housing projects.Most Read from BloombergKissinger Warns Biden …
