Huarong Asset Management has unveiled investment agreements with Chinese companies, including state-backed Citic, as the under-pressure bad debt manager announced it lost more than Rmb100bn ($15.4bn) …
Featured Posts Title
Light aircraft collides with Beijing’s tallest building, killing pilot, injuring 13
China’s industrial profit gains dip in sign of weakness
A small plane has crashed into a Beijing high-rise, killing the pilot and injuring 13
Rare light aircraft crash in Beijing kills pilot, injures 13 people
Beijing’s tallest skyscraper hit by aircraft, pilot dies amid growing internet speculation
A small plane slammed into the tallest skyscraper in China’s capital. Hours later, it was like nothing had happened.
China expels senior party members from National People’s Congress
Recent Posts
China’s under-pressure Huarong reveals $15bn loss
China’s Births May Drop to Record Low in 2021, Jefferies Says
The number of babies born in China this year may drop to the lowest since at least 1950, according to Jefferies Financial Group Inc., one of the reasons why the government is cracking down on…
Tencent Warns of More China Tech Curbs After Growth Sputters
Tencent Holdings Ltd. warned investors to brace for more regulatory curbs on China’s tech sector, telegraphing that Beijing plans to expand restrictions over its internet giants.China’s largest …
Baidu raises $1 bln in ESG bond issue despite China tech sector woes
Chinese internet giant Baidu Inc (9888.HK) has raised $1 billion in a two-tranche, U.S. dollar sustainability bond, its first environment, social and governance (ESG) transaction.
Beijing to control after-school training
Beijing issued a regulation easing the burden heaped on students by schools and after-school training institutions on Wednesday, aiming to effectively reduce parents’ expenses and children’s homework …
China sets firmer yuan midpoint fix, pushing basket index to 5-1/2-year high
China’s central bank set its official yuan midpoint slightly higher on Thursday, lifting its value against the currencies of its major trading partners to a fresh 5-1/2-year high. The People’s Bank of …
China Huarong Gets State-Led Bailout After Record 2020 Loss
Government-backed investors will recapitalize China Huarong Asset Management Co. after the bad-debt manager posted a record $15.9 billion loss, ending months of speculation over whether Beijing would …
Hard lesson for U.S. investors: Chinese companies don’t make the rules in China
When it comes to making the rules, corporations don’t have as much influence in China as they do in the United States.
China’s extreme weather deals a big blow to insurance companies
Severe flooding in China are hurting the profits of insurance companies, and highlight the shortfalls of the country’s natural disaster insurance system.
China reports 46 new COVID-19 cases on August 18 vs 28 a day earlier
China reported on Thursday 46 new confirmed coronavirus cases in the mainland for Aug. 18, compared with 28 a day earlier, according to the National Health Commission. Three of them were in Jiangsu …
Citizen Lab finds Apple’s China censorship process bleeds into Hong Kong and Taiwan
Despite Apple not having any legal obligation to perform political censorship in Taiwan, it has done so anyway.
The 1931 China flood is one of the deadliest disasters, true death toll unknown
From June to August 1931, areas of central and eastern China flooded, including densely populated cities like Wuhan and Nanjing. The death toll of the floods ranges between 422,499-4,000,000, …
China launches new Tianhui satellites
China successfully sent a pair of Tianhui II-02 satellites into orbit from Taiyuan Satellite Launch Center in north China’s Shanxi Province on Thursday morning.
