Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesMerkel’s …
Tagged By banking
China: Game of Finance – Tyranny of Acronyms
China’s use of financial acronyms began in 1980 and has since morphed into an all-out love affair that shows no sign of abating.
China’s Evergrande puts on a brave face. But will Beijing bail it out?
By Laura He, CNN Business Evergrande’s chairman promised his employees Tuesday that they will “walk out of the darkness” caused by the embattled Chinese conglomerate’s historic debt crisis. But what …
Bank of China issues special coins to commemorate 70 years of diplomatic ties
In order to commemorate the 70th anniversary of establishment of diplomatic relations between Pakistan and China, the People’s Bank of China has issued special commemorative coins to mark this …
China’s financial institutions report rising assets
Assets of China’s financial institutions totaled 371.26 trillion yuan (about US$57.56 trillion) by the end of the second quarter of this year, official data showed. The volume increased by 9.1% year …
Partners Financial says investors in China market should shift focus away from these markets
Ronald Wan of Partners Financial Holdings says Chinese investors should shift their focus away from internet and property markets, and invest in infrastructure play, building materials, raw materials …
China’s Evergrande crisis: Could it spill over to India? Fear of contagion across financial markets jumps
China’s Evergrande Group’s likely default on liabilities including interest payments and debt obligations has fuelled the fear of a contagion spreading across global financial markets.
China manipulated World Bank’s EODB rankings
An independent scrutiny by leading US law firm WilmerHale shows China massive data manipulation to hide slippage in the World Bank Group Ease of Doing Busin …
What Is China Evergrande and Why Is It In Trouble?
China Evergrande Group is quickly becoming the biggest financial worry in a country with no shortage of them. Fears of a default by the real estate developer, with $300 billion in liabilities and …
Impacts of the Evergrande incident on China
There are a lot of possibilities about how the restructuring of property development giant, Evergrande, could turn out. In this note, we discuss the …
Asian markets extend losses as China worries darken sentiment
Asian shares declined Tuesday, with Tokyo down 2% as worries about heavily indebted Chinese real estate developers weighed on sentiment.
What’s happening with Evergrande? China’s real-estate debt crisis rattles stock markets
Some are calling it “China’s Lehman moment,” but the financial situation unfolding at Evergrande Group didn’t just sneak up on traders.
What happens when Beijing’s housing bubble bursts?
Evergrande’s financial woes are raising fears China could soon witness the bursting of its massive house price bubble, which will deal a hefty blow to economic growth.
