Reuters reported that Chinese state banks were seen busy selling U.S. dollars to buy yuan in an attempt to slow the yuan’s depreciation. The PBOC noted that foreign exchange settlement and sales for …
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China’s central bank steps up intervention after yuan hits 16-year low against greenback
China’s Hidden Financial Dangers Erupt With Shadow Bank Crisis
Zhongzhi Enterprise Group Co. attracted little notice within China and was almost unheard of everywhere else.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor …
China’s property giant Evergrande files for bankruptcy protection in Manhattan court
The world’s most indebted property developer defaulted in 2021 and announced an offshore debt restructuring program in March.
China’s shadow banking crisis sparked by defaulting property developers could trigger broader threat to economy, analysts warn
Missed payments by Zhongrong International Trust are ‘a ripple effect of the intensifying cash crunch faced by property developers like Country Garden,’ says analyst Shen Meng Further shadow banking …
China Isn’t Japan in the 1990s. This Meltdown Is Different.
The recent spate of dismal economic data out of China has raised the question of whether the world’s second-biggest economy will have a meltdown like the one in Japan in the 1990s. Right now, China…
Marketmind: China sets sombre tone with property turmoil
A look at the day ahead in European and global markets from Kevin Buckland China continues to set the mood for markets, and the tone is unswervingly sombre. Property boom poster child China Evergrande has…
China Evergrande, giant real estate firm, files for bankruptcy in U.S.
Evergrande’s meltdown signaled the start of a slow decay of China’s real estate sector that now threatens to inflict damage on the country’s broader economy.
Shantou eyes key role in data exchange with more efforts in new infrastructure
The construction of a series of submarine communication cables and computing infrastructure in Shantou, a coastal city in Guangdong province, will help provide low-cost and efficient linkage support …
Over 200 int’l institutions to attend 2023 CIFTIS finance service section
[Photo/Xinhua] The China International Fair for Trade in Services 2023 (2023 CIFTIS), scheduled to take place in Beijing from Sept. 2 to 6, will see 219 financial institutions and businesses …
China central bank makes biggest weekly net cash injection since March
SHANGHAI/SINGAPORE, Aug 18 (Reuters) – China’s central bank made the biggest weekly short-term liquidity injection into the banking system in nearly five months this week. The People’s Bank of China …
Real reason for China’s war on crypto, 3AC judge’s embarrassing mistake: Asia Express
Sources reveal the real reason China is ramping up efforts to stamp out Bitcoin and crypto. And a year’s worth of 3AC court orders nixed.
Taipei mayor to visit China as tensions simmer with Taiwan
The mayor of Taipei will visit Shanghai at the end of this month for an annual city forum, his office said on Friday, a trip that will take place against the backdrop of frozen ties…
China Evergrande collapse shows need for $1 trillion Beijing rescue plan, says Clocktower strategist
China Evergrande’s bankruptcy filing in New York on Thursday shows a need for Beijing to go big, and soon, to sop up the nation’s soured real estate, …
