(Bloomberg) — Chinese authorities have told major lenders to China Evergrande Group not to … has become one of the biggest sources of financial risk in the world’s second-largest economy.
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China Stocks Battered by Economic Data, Evergrande Non-Payment
Chinese stocks retreated as the country’s economic slowdown and news that a major property developer will miss interest payments added pressure to a market still reeling from Beijing’s months-long …
China’s home-price growth weakens to eight-month low on cooling measures while Evergrande’s struggles keep buyers away
China’s home prices grew at the slowest pace in the past eight months in August, as buying confidence took a hit from the government’s cooling measures. Troubles at China Evergrande Group, the world’s …
China economy slowed in August, raising fears for global recovery
Many economists expect the People’s Bank of China will cut the reserve requirement ratio for banks again in coming months following a surprise reduction in July. The NBS said in a statement that even …
Cost of decarbonisation: China needs $21 trillion of investment to reach net zero goal
China has pledged to seriously decarbonising its economic activities, committing to reach peak carbon emissions in 2030 and carbon neutrality in 2060 – but getting there will be costly. Zhang Shaogang …
China Tells Banks Evergrande Won’t Be Able to Pay Interest Due Sept 20 – Bloomberg News
(Reuters) – China’s Ministry of Housing and Urban-Rural … featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more.
China data prompts global growth concerns
Latest financial technology news, fintech news, fin tech news, open banking news, banking news, blogs opinion, analysis on Fintech Zoom.
European markets set for flat open as China data prompts global growth concerns
European markets are set for a tepid open on Wednesday after weak Chinese economic data resurfaced worries that global growth is slowing.
Fitch Rates Beijing Environment’s Proposed USD notes ‘BBB+’
The proposed notes are to be issued by BESG’s indirect wholly owned subsidiary, Beijing Environment (BVI) International Co., Ltd. The proposed notes will be unconditionally and irrevocably guaranteed …
China c.bank rolls over medium-term loans, rate unchanged for 17th month
China’s central bank rolled over maturing medium-term loans on Wednesday, while keeping the interest rate unchanged for the 17th month in a row.
China’s Industrial Output Rose 5.3% Y/y in August, Retail Sales up 2.5%
China’s industrial output grew 5.3% in August from the same period a year ago, narrowing from a 6.4% increase in July, while retail sales growth slowed significantly, official data showed on Wednesday …
CX Daily: The Never-Ending Battle To Curb China’s Hidden Debt
The never-ending battle to curb China’s hidden debt. Regulators are once again playing whack-a-mole to stamp out practices local government financing vehicles ( …
Digital Yuan Goes Head to Head With Alipay, WeChat in Beijing
Swipe your bracelet, watch or even a walking stick, and you can pay for your goods with digital yuan. These are just some of the quirky gadgets that China’s central bank, lenders and technology giants…
