Financial stress is pushing many local governments in China to gamble with potentially dangerous debt products aimed at retail investors Direct social media marketing to retail investors has emerged …
FINANCE
Losing Streak Likely To Continue For China Stock Market
The China stock market has moved lower in consecutive trading days, slumping more than 50 points or 1.6 percent along the way. The Shanghai Composite Index now sits just above the 3,310-point plateau …
Security Forces in China Attack Bank Customers Protesting Frozen Funds
As many as a thousand demonstrators had gathered in front of the Zhengzhou, China, branch of the country’s national bank to demand their money back after it was frozen by authorities amid allegations …
China detains alleged bank fraud ‘gang’ after protests against financial corruption turned violent
Hundreds of people gather outside a branch of the People’s Bank of China in Henan’s capital Zhengzhou, demanding their money.
‘Chilling’ use of security law threatening Hong Kong’s finance hub status, says U.S. envoy
The top U.S. diplomat in Hong Kong on Monday urged China to ease political pressure on the city, warning that the “crude and chilling” use of a sweeping national security law threatened its role as…
Chinese bank depositors face police in protest after reports senior executive on the run
Thousands of customers who opened accounts at six rural banks that offered higher interest rates later found they could not withdraw their funds.
UPDATE 2-China June new bank loans jump as Beijing steps up policy support
June new loans 2.81 trln yuan vs f’cast 2.40 trln yuan * June M2 money supply +11.4% y/y, vs f’cast of +11.0% * China c.bank vows to support economic recovery (Adds details, analyst comment) BEIJING,…
UPDATE 1-China June new bank loans jump as Beijing steps up policy support
New bank lending in China leapt in June, rising more than expected, while broad credit growth quickened, as the central bank stepped up efforts to revive the pandemic-hit economy. Chinese banks …
China: Very strong loan growth but uncertainty remains on economic recovery
And this guidance proved to be successful as data shows that loan growth jumped in June. New yuan loans grew by CNY2810 billion in June from CNY1890 billion in May. Long-term loans to corporates …
China’s $220-bn stimulus unlikely to reverse global metals meltdown
Extra funds will likely be used to plug Covid-era budget gaps, and won’t tackle the bigger issue for metals demand: a subdued property market and a still-struggling manufacturing sector …
FTSE 100 down as China COVID worries weigh on miners
(Reuters) -UK stocks fell on Monday as worries about fresh COVID-19 curbs in China and the energy crisis in Europe hurt sentiment, with investors awaiting earnings reports for clues on corporate …
Bank protesters confront police in China
A large crowd of angry Chinese bank depositors faced off with police Sunday, some roughly-handled as they were taken away, in a case that has drawn attention because of earlier attempts to use a covid…
China: In Henan, bank depositors stage mass protest, demand frozen millions of their life’s savings back
In Henan, bank depositors stage mass protest, demand frozen millions of their life’s savings back . Beijing: In China, bank customers have been car …
ADVERTISEMENT
