On the surface, the recent land auction by the Chinese city of Rizhao appeared routine. There were four bids, pushing the price up 11% to $170 million. A closer look reveals something curious: The …
Tagged By banking
China’s Coattails Are Safer Than Houses for Investors
MSCI China’s real estate sub-index has lost 30% in 12 months. For years, overseas investors shunned shares of the country’s biggest state-owned banks on suspicion that their bad loans were far higher …
China’s Realme eyes Europe’s high-end smartphone market with new launch
China’s Realme will enter Europe’s high-end handset market next month with its priciest ever device, its CEO told Reuters, as it looks to expand beyond its budget offerings and sell 50% more …
China says 2021 fiscal revenues rise 10.7% year-on-year
BEIJING: China’s fiscal revenues rose 10.7 per cent in 2021 from a year earlier to 20.25 trillion yuan (US$3.20 trillion), Vice Finance Minister Xu Hongcai said on Tuesday (Jan 25). Fiscal …
Olympics: Hockey Canada unveils men’s roster for Beijing Games
Hockey Canada has assembled a mix of old names with a few dashes of up-and-coming non-NHL talent with its roster for the men’s Olympic hockey competition in Beijing. Here’s the full list: Daniel Carr …
Ecuador’s president wants to untie oil output from debt on China visit
Ecuador’s President Guillermo Lasso said on Tuesday he will seek to disconnect the handover of crude from outstanding debt to China during a visit to the Asian country next month, part of his plan to…
China Faces a Host of Problems and the Olympics Haven’t Even Started
In summer 2008, the Beijing Olympics marked a big moment in China’s progress toward global power. With that spotlight came controversy; activists used the event to highlight the government’s …
Beijing Will Save Housing Projects, But Not Necessarily Developers
To head off a deepening housing downturn, Beijing is backpedaling a bit on tough leverage rules. That might not be enough to save weaker developers.
China’s Top Property Tycoons See Fortunes Drop $30 Billion With Even More Losses Expected
His China Evergrande Group is urging patience and asking offshore … retail investors, as well as a wide range of financial institutions including banks and trust firms to acquire land and build …
Ping An Promotes Conservation of South China Tiger to Promote and Sustain Biodiversity
Company of China, Ltd. (hereafter “Ping An” or the “Group, HKEX: 02318; SSE: 601318) announced that Ping An Public Welfare Foundation and Shenzhen Project Care Foundation have jointly launched a …
China to scale up tax and fee cuts in 2022
China will take stronger measures to cut fees and taxes to support market entities this year with a combination of fiscal incentives, the Ministry of Finance said Tuesday. The measures will be more …
Cinda AMC leans on China bank support
Holdings Co’s decision to roll out its $1bn bond on Monday when market conditions were far from ideal was vindicated by strong investor backing and a solid aftermarket performance. The Chinese bad …
Deutsche Bank Sees Deeper Selloff in U.S. Stocks, Boosts China Call
Deutsche Bank AG is betting the diverging policy paths between the Federal Reserve and the People’s Bank of China will result in U.S. equities correcting further and China’s getting a boost, joining …
