HSBC chief executive Noel Quinn pledged $6 billion of investment in Asia – half of it outside Greater China. Having recognized it can do so much more in southeast Asia and India, how will it…
Tagged By banking
China’s Coal Support Continues With $31 Billion Finance Promise
China continues to set itself apart from global peers when it comes to coal, allocating more than 200 billion yuan ($31 billion) in financing at a time when most global banks are shunning the fuel.
Stocks Drop Amid China Tech Slide; Crude Oil Falls: Markets Wrap
Most Asian stocks fell Thursday amid a tumble in Chinese technology stocks and as traders weighed risks to the global recovery from the prospect of faster monetary-policy tightening to tackle price …
HSBC CEO Says Won’t Jeopardize Hong Kong’s China Reopening Plan
The boss of HSBC Holdings Plc, the biggest bank in Hong Kong, said he won’t do anything that would put the city’s efforts to open up travel to mainland China at risk, even as criticism…
China’s Netflix is stuck in own dystopian plot
China’s iQiyi, the country’s answer to Netflix, just can’t catch a break. Amid disappointing revenue growth the operating loss at the streaming service owned by search engine giant Baidu widened to 1 …
China’s struggling Huarong secures $6.6 billion lifeline
Cash-strapped debt collector Huarong Asset Management has announced plans to raise $6.6 billion by selling shares and divesting more assets as the deeply indebted Chinese state-owned firm tries to …
Citic, Cinda, China Life lead state firms in handing Huarong US$6.6 billion to help China’s largest bad debt manager avert bankruptcy
China Huarong Asset Management said it would receive a bailout from five state-backed investors to stave off its bankruptcy, as one of the first and largest of the country’s five managers of …
China to set up 200 billion yuan relending facility to back clean use of coal
China will establish a special relending facility worth 200 billion yuan (US$31.35 billion) to support the clean use of coal, state media quoted the cabinet as saying on Wednesday.It did not say what …
Linklaters Advises On China’s US$4bn Rule 144a/Reg S Sovereign Bond Offering.
Linklaters advised the Ministry of Finance of the People’s Republic of China (MOF) on its US$4bn Rule 144A/Reg S sovereign bonds offering, which was priced on 19 October 2021 and follows the MOF’s …
China’s debt increasing, financial system struggle to manage burden: US commission
In the wake of Beijing stimulus-led recovery from the COVID-19 pandemic China debt burden has further increased stressing a financial system still struggl …
Illumina and Sequoia Capital China Select First Startups to join Genomics Incubator in China
Illumina, Inc. (NASDAQ: ILMN), and Sequoia Capital China, a leading investment firm, today jointly announced the selection of the first two startup companies joining the Sequoia Capital China …
The White Knights Bailing Out China’s Distressed Companies Aren’t Generous
Huarong and Tsinghua Unigroup seem to be benefiting from rescues but, there’s less to the deals than meets the eye.
Suspect arrested in China digital yuan scam
Chinese police said Wednesday they have arrested a suspect in a digital currency scam who allegedly swindled thousands of dollars in one of the first such cases involving the central bank’s new …
