China and Nicaragua re-established diplomatic ties on Friday after the Central American country broke relations with Chinese-claimed Taiwan, boosting Beijing in a part of the world long considered the …
Tagged By banking
Will China’s real estate collapse trigger financial meltdown like US subprime crisis?
Chinese real estate giant Evergrande Group, which was once part of the prestigious Fortune 500, has been officially declared a defaulter amid Beijings late but desperate efforts to chalk out measures …
What Decoupling? China Is Boosting Interdependence Of Capital Markets, HKEX CEO Nicolas Aguzin Says
Am I seeing decoupling? From our unique vantage point in Hong Kong at the confluence of East and West, the simple answer to that is no. We are a very long way from a decoupling…
China says it will focus on economic stability in 2022
China will focus on stabilising the economy and keeping growth within a reasonable range in 2022, according to an official statement issued on Friday following an agenda-setting meeting of the country …
China’s central bank urges backing for affordable housing in Shanghai
The Shanghai branch of China’s central bank has asked banks and financial bodies to spur innovation in products and services to support affordable housing while urging prudence on developers, it said …
HSBC: Quinn makes progress on redirection under China shadow
It might have the wind in its sails, but the bank will need to be nimble and smart if it is to find success in its three principle aims.
As China’s Economy Falters, the Rest of World Looks Resilient
China’s shaky economy, and teetering property giants like Evergrande, are shaping up as major concerns for 2022. A full-scale meltdown may be avoided, however—if only just.
China Will Keep Economic Operations Within Reasonable Range – State Media
China will keep its economic operations within a reasonable range in 2022, state media said on Friday, after a meeting of top leaders ended. China will continue to implement a prudent monetary policy …
China, France to hold 8th high-level economic, financial dialogue
The eighth China-France High-Level Economic and Financial Dialogue will be held on December 13 via video link, Chinese Foreign Ministry spokesperson Wang Wenbin announced on Friday. Chinese Vice …
Beijing reins In the Central Bank
The People’s Bank of China has never been politically independent like a Western central bank, but it has nonetheless enjoyed a special status in the nation’s economic hierarchy. Now, President Xi …
Dollar firms ahead of U.S. inflation data as China’s central bank clips yuan’s wings
The dollar was firm ahead of U.S. inflation figures, which could settle the course of interest rates, while the yuan was nursing its sharpest drop in months.
China Tries to Manage Global Message on Evergrande Collapse
A barrage of commentary from China’s top institutions shows authorities are stepping up efforts to manage the international message on China Evergrande Group’s collapse — even if the developer itself …
China financial pledge down 33%, yet to commit to Malawi
Ministry of Finance says Treasury is yet to get feedback on whether China will fund some government projects in the country. The sentiments come in the wake of a 33 percent cut in China’s financial…
