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China to introduce targeted re-lending for clean, efficient coal use
China will put in place targeted re-lending to support the clean and efficient use of coal amid efforts in green and low-carbon development, a State Council executive meeting chaired by Premier Li …
China’s Largest Bad-Debt Manager, Huarong, to Raise $6.5 Billion in State-Led Bailout
Citic Group will become the asset manager’s largest owner after the Finance Ministry when it issues shares to five institutions.
S&P says it believes China Evergrande default still ‘highly likely’
S&P Global Ratings said on Thursday a default is still “highly likely” for China Evergrande Group despite its recent bond coupon payments because it has a bigger test in March and April next year, …
Alibaba says profit falls 81% as China cracks down on big tech
Chinese e-commerce leader Alibaba Group said on Thursday that its profit for the most recent quarter tumbled 81 percent as it grappled with a government crackdown on the country’s big tech champions.
China’s yuan could rise or fall in future, c.bank body says
The Chinese yuan could either appreciate or depreciate in the future and two-way currency fluctuations will become normal, a central bank body said on Thursday. BEIJING, Nov 18 (Reuters) – The Chinese …
China’s rise and America’s decline spell conflict
Monday’s summit between Xi and Biden addressed everything from trade to security and human rights, but resolved nothing.
Turkey Central Bank Heeds Erdogan With New Rate Cut
Turkey’s central bank cut its key interest rate for a third straight month after President Recep Tayyip Erdogan made it clearer than ever that he would not give up his campaign for lower borrowing …
Noel Quinn: Why Asia will mean more than Greater China for HSBC
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…
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 …
