While it is unclear whether the Henan bank troubles have wider ramifications, China’s thousands of small and midsized lenders are crucial to the domestic financial sector …
FINANCE
Bank customers demanding their money back staged China’s largest protest in years. The violent episode is the ‘tip of the iceberg’ of China’s looming banking crisis
A crackdown on bloated developers like Evergrande is likely to trickle down to local banks and customers who want to protect their life savings.
China bank customers to get deposits back after protests
Financial regulators in central China’s Henan and Anhui provinces have promised to give some bank customers some of their deposits back after they staged protests over having their accounts frozen …
Temasek’s shrinking China holdings don’t mean it’s leaving
to a limited extent – then it would not be a surprise to see China regain some of its lost ground in the Temasek portfolio. How about the world at large? Temasek was characteristically active…
China banking woes mount as growth slows and more lockdowns loom
In 2021, authorities reckon there were five runs at small mainland banks – proof that even China’s capable financial regulators cannot fight new fires fast enough. After the initial Covid shock, …
China to Repay Bank Scam Victims After Protests Turn Violent
according to statements by local branches of the China Banking and Insurance Regulatory Commission. Individuals with deposits of up to 50,000 yuan ($7,400) will be repaid first, with arrangements …
China Tech Stocks Enter Correction as Recent Rebound Fizzles Out
(Bloomberg) — China’s tech stocks unwound recent gains to enter a technical correction on Tuesday, with analysts questioning if fresh probes on internet giants would spark another downturn in the …
China’s banking crisis victims promised prompt repayment, but only if they have less than US$7,450
Regulatory statements issued in China’s Henan and Anhui provinces say some victims of financial scandal will be able to access money this week, following violence at weekend Some protesters are said …
China to repay customers hit by bank scam that sparked protests
Regulator says customers at five rural banks whose funds have been frozen since April will get their money from Friday.
China banks to repay some customers after mass protests
Beijing (AFP) – Customers of rural Chinese banks whose withdrawals have been frozen will begin to get some money back Friday, regulators said, after depositors clashed with authorities at a rare …
China’s contrasting path offers the potential for uncorrelated returns
But while global equity markets are suffering their worst first half-year start since 1970, Chinese stocks may be the one major market to offer uncorrelated positive returns in the second half of 2022 …
China-South Korea ETF cross-listing scheme stalls
In principle, the new scheme allows South Korean and Chinese fund firms launching ETFs in Shanghai or Seoul to link a domestically listed ETF to one listed on the other exchange, …
Yuan reserve pool spurs global financial safety
Sensible future steps for China to help alleviate potential financial strain in other EM economies include expanding currency swaps and participating in debt restructuring schemes, they said. Their …
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