(Bloomberg) — The Chinese government’s first seizure of a bank in more than two decades piles fresh pressure on shares of small lenders that already trade at rock-bottom valuations. A Bloomberg index … ( read…
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Veteran of ‘iPhone City’ tapped as party boss of China’s Silicon Valley
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Recent Posts
China’s First Bank Seizure in 20 Years Spooks Investors
Traders worry as hopeful Bank of Canada officials meet this week
The central bank will reveal its latest policy decision Wednesday morning. The pesky trade dispute seems to be the wild card here. And it’s little wonder why: The U.S. and China are Canada’s biggest ……
China confident of keeping yuan stable: central bank governor
SHANGHAI (Reuters) – China is confident of keeping the yuan basically stable at reasonable and balanced levels, Yi Gang, the governor of the People’s Bank of China (PBOC) told a meeting recently, … ( read…
China shares falter on fragile sentiment; rare earth firms soar
Chinese money rates rose following the takeover, but have since retreated. China’s central bank made its largest daily net cash injection into China’s banking system in more than four months … ( read original story…
China regulator urges banks to check ties to Baoshang Bank – sources
SHANGHAI, May 29 (Reuters) – China’s banking regulator has urged lenders to conduct thorough checks and report their business ties with troubled Baoshang Bank, as the authorities seek to head off … ( read original…
Baoshang takeover spotlights China financial system perils
“Is Baoshang part of a corruption-related clean-up or the start of what could become a series of bank failures?” J Capital, an independent research house focused on China, wrote in a research note. … (…
China’s first bank takeover since 1998 flags hidden credit risk
The Chinese authorities on Friday took over Baoshang Bank, a private bank based in the northern region of Inner Mongolia, citing its “severe credit risks.” It was the first government takeover of a … (…
Markets play ‘wait and see’ on Canadian bank stocks
Bank of Nova Scotia released its quarterly profit results early … “We are materially lowering our sales and EPS estimates below consensus as China represents 18% of Apple sales which we believe … ( read…
China refuses to speak about detained Canadians: Freeland
That discussion hasn’t happened yet, Freeland told the House of Commons foreign-affairs committee Tuesday. READ MORE: Chinese envoy says Canada-China relations have hit ‘rock bottom … ( read original story …)
Freeland says detained Canadians face ‘very difficult’ conditions as she pleads with Chinese counterpart to hold talks
In an appearance before the House of Commons foreign affairs committee on Tuesday, however, Ms. Freeland acknowledged that it was unlikely that Chinese Foreign Minister Wang Yi would agree to such … ( read original…
Chinese developers’ debt strains ease, but profit slowdown risks grow
That should be a relief to investors worried about potential corporate defaults as China Inc faces a record $1.5 trillion of corporate bonds maturing in the next two years. But it is also a warning…
Freeland says Chinese minister won’t talk with her about detainees
… talk to China’s foreign minister about the two detained Canadians China has accused of undermining its national security. That discussion hasn’t happened yet, Freeland told the House of Commons … ( read original story…
China Mulls Coal Price Cuts to Ease Burden on Power Plants
(Bloomberg) — China is seeking to lower domestic coal prices to aid power producers, and has proposed that miners bring the benchmark grade to below 600 yuan ($87) a ton, according to people with ……
