Investing.com – Asia Pacific stocks were mostly up on Tuesday morning as investors monitored China’s COVID-19 flare-ups. Japan’s Nikkei 225 jumped 1.78% by 8:45 PM ET (1:45 AM GMT).
FINANCE
China Evergrande sticks to restructuring plan target of before end-July
China Evergrande Group late on Monday said it will announce its preliminary restructuring plan before the end of next month, sticking to its original deadline even as the world’s most indebted …
China Shows It’s Serious About Enforcing Coal Price Controls
(Bloomberg) — China’s top planning agency has demonstrated its intent to keep coal prices in check, after a probe of deals struck by power plants found contracts that exceeded reasonable levels …
China Junk Bond Selloff Enters New Phase With Record Fosun Rout
The steep losses in Fosun’s bonds, alongside a fresh selloff in Macau’s casino operators, are pushing China’s junk dollar debt market into a new phase as broader risks in the world’s No. 2 …
Commentary: Why China is not rising as a financial superpower
Unlike the US and Japan, China’s economic rise has not resulted in the yuan becoming a global currency. Beijing has not found the confidence to lift capital controls and make the yuan fully …
Column: Iron ore suffers short-term demand woes, longer-term China threat
The spot price of iron ore has had a torrid time lately, caught between short-term concerns about the economic health of top buyer China and a longer-term threat to the current market system as …
US Sanctions Helped China Supercharge Its Chipmaking Industry
(Bloomberg) — China’s chip industry is growing faster than anywhere else in the world, after US sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home …
China Banking Scandal May Involve US$6 Billion
More than 400,000 depositors of six rural banks in central China’s Henan province are being urged to file their cases to banking regulators if th …
China Evergrande sticks to restructuring plan target of before end of July
With more than $300 billion racked up in debt, Evergrande has been struggling to repay suppliers, creditors and complete projects, becoming the poster child of the country’s property sector crisis, …
China Scolds Sinopec After Second Fatal Accident This Month
Chinese regulators summoned executives at Sinopec Group to a meeting on Monday after the oil giant suffered its second deadly accident this month, saying the episodes had “seriously impacted people’s …
China’s central bank holds benchmark lending rates steady
The People’s Bank of China kept the one-year loan prime rate unchanged at 3.70% while the five-year LPR, the reference rate for mortgages, was left at 4.45%.
China keeps lending benchmarks unchanged, wary of policy divergence risks
China stood pat on its benchmark lending rates for corporate and household loans, as expected, on Monday, with global central banks’ rate increases making it tough for Beijing to stimulate a weak …
China Monetary Stimulus Clouded by Recovery Signs, Fed Hikes
They typically move in tandem with the MLF rate, a key policy rate set monthly by the People’s Bank of China. The central bank last week refrained from reducing that rate, avoiding further …
