Baidu Inc.’s chip affiliate is looking to raise 2 billion yuan ($317 million) in a new funding round, people familiar with the matter said, as venture capitalists in China shift away from internet …
Tagged By banking
Shanghai lets financial firms resume work as COVID-19 curbs ease: Sources
The move is part of the financial hub’s plan to reopen broadly and allow normal life to resume after the lockdown was enacted to curb China’s worst outbreak since the coronavirus was discovered in …
China Faces Bigger Deficit as Covid Costs Soar and Income Dips
China’s government finances worsened measurably in April as Covid spread, with government spending rising to help pay for the cost of Covid Zero policies and income slumping due to tax breaks to help …
China’s yuan softens as data shows foreigners sold bonds in April
The figures supported data from the International Institute of Finance (IIF) last week showing the largest quarterly capital outflows on record for China in the first quarter. With the dollar for the …
China Stops Reporting Bond Trades by Foreigners After Selloff
China’s main bond trading platform for foreign investors has quietly stopped providing data on their transactions, a move that may heighten concerns about transparency in the nation’s $20 trillion …
Shanghai authorities allow some financial firms to resume work – sources
Shanghai authorities issued a new ‘white’ list containing 864 financial institutions, allowing them to resume work, three sources with direct knowledge of the matter said on Wednesday.
Foreign investors cut China bond holdings in April as yuan slumped
Foreign investors cut their holdings of Chinese yuan-denominated bonds for the third consecutive month in April, the longest such stretch on record, as a sliding yuan and evaporating yield premiums on …
China’s fiscal revenue down in January-April
China’s fiscal revenue dropped 4.8 per cent year on year in the first four months of this year, a new data showed. The country’s fiscal revenue amounted to about 7.43 trillion yuan (about 1.1 trillion…
Oil Prices Climb on Hopes of China Demand Recovery
Oil prices rose more than $1 a barrel in early Asian trade on Wednesday on hopes of demand recovery in China as the country gradually eases some of its strict COVID-19 containment measures. Brent …
Stephen Wynn sued by DOJ for not registering as agent of China
The Department of Justice has sued casino mogul Stephen A. Wynn to compel him to register as an agent for the Chinese government, the DOJ announced Tuesday. On multiple occasions, Wynn, a Republican …
Trump-Backer Steve Wynn Sued by DOJ to Register as a Foreign Agent Working For China
Las Vegas casino magnate Steve Wynn is being sued by the Justice Department, which is seeking to compel him to register as a foreign agent for China.
U.S. sues to compel casino mogul Steve Wynn to register as agent of China
Wynn, a former RNC finance chairman, was repeatedly advised to register as an agent of a foreign government but declined to do so, according to prosecutors.
With China firmly on a zero-Covid trajectory, concerns are turning to ‘growth recession’ risks
Beijing’s handling of the coronavirus has vast implications on every facet of Chinese people’s lives, on the nation’s economy, and on a world that has come to rely so heavily on China.
ADVERTISEMENT
