Beijing (CNN)Beijing’s air quality reached hazardous levels Thursday, as a large sandstorm swept through the Chinese capital, turning the sky a murky yellow and forcing many residents to keep indoors. Sandstorms are common across north…
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North Korea threat: Pyongyang directly criticizes China in rare move
A commentary released by the state-run Korean Central News Agency said that “a string of absurd and reckless remarks are now heard from China everyday only to render the present bad situation tenser.” The article…
China's Ant set to ink $3.5 billion loan to help fund MoneyGram bid – Basis Point
HONG KONG China’s Ant Financial, an affiliate of online shopping giant Alibaba Group (BABA.N), is close to signing a $3.5 billion loan a part of which will help fund its purchase of U.S. money transfer…
What China's Drone Makers Could Teach Other Chinese Brands
For big Chinese brands, the classic story is this: They grow huge in their home market, then find it tougher to build global brands. That’s been the case for many Chinese electronics or appliance companies,…
Chinese firm becomes Deutsche Bank's biggest shareholder
China Inc. has just become the largest investor in Germany’s biggest bank. HNA Group, a deal-hungry Chinese conglomerate, now owns almost 10% of Deutsche Bank (DB), according to a filing Tuesday. That means it has…
China General Nuclear Seeks Banks for IPO of Power Assets Bought From 1MDB
China General Nuclear Power Corp. is seeking banks to help list the power assets the Chinese state-owned firm acquired from Malaysia’s state investment company 1MDB for $2.3 billion, people familiar with the process said Wednesday.…
China's first big jetliner to make its maiden flight
China’s official news agency Xinhua reported Wednesday. With the C919, China is aiming to become one of the world’s top makers of large commercial aircraft. The 168-seat plane is roughly the same size as Airbus’s…
China to further regulate local government debt issuance and financing
BEIJING China will further regulate local government debt issuance and financing, six government agencies said in a joint statement on Wednesday, reinforcing recent steps to bolster financial risk controls. China has taken aim at potential…
China Seeks to Calm Investors With Words and Cash After Rout
China is breaking out its mouthpieces — and wallet — as it seeks to soothe investors in the face of tighter financial market regulations. “Policy makers are trying to send a very clear signal –…
Fish futures can provide new financial tool for China
China saw an influx of speculative capital into commodities exchanges in 2016. Such hot-money rushes are caused by a dearth of alternative investment options. But if the central government were to allow sensible speculation, a…
China in strong position to ward off financial risk
BEIJING — China is in a strong position to ward off systemic risks to maintain financial security, and must do so now. Financial security is part and parcel of national security, and concerns the wealth…
China lending rates swing as central bank injects cash into financial system
Lending rates in China swung on Wednesday after the country’s central bank pumped the most cash into the financial system in almost four months. Authorities are facing the tricky task of increasing regulatory scrutiny of…
China tries to calm investors with words, cash amid tougher market regulations
Beijing: China is breaking out its mouthpieces—and wallet—as it seeks to soothe investors in the face of tighter financial market regulations. The central bank-run Financial News urged stock investors not to overreact to tougher regulations…