The People’s Bank of China cut the one-year loan prime rate amid a slowing economy that has been dragged by a slump in the property sector.
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China debt woes to weigh on Asia high-yield issues in first half of 2022, bankers say
China’s property sector debt turmoil is set to keep a lid on Asian high-yield corporate bond deals in the first half of next year after a string of defaults by real estate firms left global…
China urges real estate project acquisitions to aid struggling developers -state media
China is urging large private and state-owned property companies to acquire real estate projects from troubled developers to reduce risks that mounting debt piles will destabilise the economy, the …
Pro-Beijing candidates sweep to victory in HK
Pro-Beijing candidates swept to victory in an overhauled “patriots-only” legislative election in Hong Kong that was deemed regressive by critics, with turnout hitting a record low amid a crackdown on …
Hong Kong Democrats Boycott Election Stage-Managed by Beijing
Hong Kong held its first major election since Beijing dictated only “patriots” can govern the city, a move that wiped out the pro-democracy bloc and kept voters away.Most Read from BloombergSouth …
Kaisa Group Appoints Financial Adviser; Shares to Resume Trading
The financial adviser will evaluate Kaisa’s liquidity and explore all feasible solutions, the company said in a stock exchange filing on Monday. Kaisa said it hasn’t received any notice regarding …
China’s Kaisa says bondholders have not asked for accelerated repayments yet
Kaisa Group said on Monday it has not received any notice from bondholders to accelerate repayments yet as the embattled Chinese property developer has not repaid a US$400 million (RM1.6 billion) bond …
China Huarong’s Capital, Asset Sale Plan to Boost Support Incentive
Fitch Ratings believes China Huarong Asset Management Co., Ltd.’s (BBB/Rating Watch Positive) recapitalisation and asset sale plan will realign the company towards its core policy role of distressed …
Economic Watch: China strives to keep employment stable
Facing the COVID-19 impact and downward pressure of the economy, China is looking to keep employment stable. As measures keep rolling out to ensure people get jobs, more policies are needed to cope …
China to issue new-year commemorative coins
China central bank will issue a set of commemorative coins starting next Tuesday in celebration of the upcoming new year The set o …
China & Russia are ready to end US dominance of global finance
Russian President Vladimir Putin held extensive talks with his Chinese counterpart Xi Jinping earlier this week with the two world leaders agreeing on p …
China overtakes US in national net worth to grab top spot
BEIJING: China’s net worth reached US$120 trillion in 2020 to overtake the US’ US$89 trillion as a red-hot real estate market drove up property value, according to a report by McKinsey Global …
China’s financial institutions post rising assets
China financial institutions saw expanded balance sheets by the end of the third quarter this year official data showed Wednesday …
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