Michael Taylor of Moody’s Investors Service says the move by Chinese authorities to rein in shadow banking has been an attempt to cut growing debt in some sectors, including property.
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EQS-News: China Merchants Land Redeems RMB1,900 Million Bonds Maintains Strong Financial Position
UTC+8 China Merchants Land Redeems RMB1,900 Million Bonds Maintains Strong Financial Position 20 December 2021 – China …
Beijing Support Is No Aid to Developer Stocks: Evergrande Update
Growing signs of government support for the real estate sector are failing to shore up sentiment in the stock market. Most Read from BloombergModerna’s Third Dose Boosts Antibodies Against OmicronS&P …
Pro-Beijing candidates sweep Hong Kong’s Legislative Council election amid low voter turnout
Amid low voting turnout under amended electoral laws, pro- Beijing candidates have swept to victory in Hong Kong’s Legislative Council election. The election was the first in Hong Kong since Beijing …
Chinese vice premier holds video conference with Swiss finance minister
Chinese Vice Premier Liu He, also a member of the Political Bureau of the Communist Party of China Central Committee, speaks via video link with Swiss Federal Councillor and Finance Minister Ueli …
China warns of ‘fight to the finish’ if confronted over Taiwan
Speaking in Beijing yesterday, Mr Wang said the cause of current tensions was the Taiwan government’s attempts to “rely on the United States for independence”, Reuters reports. Taiwan is a flourishing …
Chinese financial regulators instruct banks to step up bond issuances and loans to boost M&A activity in property sector
The move is being viewed as Beijing marginally loosening its tight grip on China’s 16.2 trillion yuan (US$2.5 trillion) property industry, after a slew of defaults by developers such as Modern Land …
China’s Interest Rate Cut Sparks Market Sell-Off
A surprise interest rate cut by People’s Bank of China (PBOC), the country’s central bank, confused financial markets on Monday, sending global equity indexes on a tailspin. The sell-off began in Asia …
China Matters Shows the Innovative Apple-Growing in Yantai
Yantai, a coastal city in north China, has been known by its high-quality apple varieties and a history of apple growing for over 150 years. With the label of “Yantai apples” worth US$2.35 billion, …
China to curb new ‘hidden debt’ in 2022 to fend off systemic financial risks
China will firmly curb the increase of new “hidden debt” and stabilize the mechanism that settles existing “hidden debt” to guard against systemic financial risks, while speeding up preliminary work …
China’s first benchmark rate cut in 20 months signals ‘serious easing cycle is unfolding’
The rate cut reflects growing concern over gross domestic product growth in China, which bounced back strongly from the initial impact of the coronavirus in early 2020, but has slowed in recent months …
No One Believes China’s #MeToo Tennis Star Peng Shuai Really Retracted Her Sexual Harrassment Accusation
Ji via ReutersThe retraction of a sexual-harrassment allegation against a high-ranking Chinese Communist Party member by tennis star Peng Shuai has understandably been met with global skepticism. Peng …
For first time since 2020, China decreases benchmark volume
The People’s Bank of China decreased its benchmark loan volume for the first time since April last year due to the increase of financial stresses.
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