Beijing allegedly intervened to improve its business ranking.
Tagged By banking
China Evergrande to Sell Bank Stake to State-Owned Firm for $1.5 Billion
The deal is the latest sign that the country’s authorities are trying to help the property giant resolve some of its financial troubles.
Exploring Evergrande’s financial failures and why China’s government is stepping in
“Too big to fail” was a phrase used during the global financial crisis for large companies so over-extended that their collapse could cripple global finance. China is now trying to take a too-big …
Are China’s Super Rich Sinking Its Economy?
More recently, these campaigns have extended into a wave of regulatory crackdowns on big tech companies, bans on private tutoring, caps on house prices, and a clampdown on rich celebrities. To top it …
Oil Prices Soar As Beijing Orders Energy Suppliers To Stock Up For Winter
Bloomberg reports that China’s central government officials “ordered the country’s top state-owned energy companies to secure supplies for this winter at all costs.” …
Beijing urges banks to avoid housing speculation to control Evergrande risk
BEIJING, ChinaChina has urged banks to steady the housing market and avoid speculation as fears mount that Evergrandes debt crisis could spill over into the property sector.
China Intensifies Cryptocurrency Crackdown
China announced a blanket prohibition on all cryptocurrency transactions and mining. Citing concern for national security and “safety of people’s assets,” 10 government agencies announced the …
China Ban Selloff Only Boosts Case for Ethereum Utility and Investment
Ethereum looks like an enticing prospect after ETH-USD prices dipped substantially after the Chinese ban on cryptocurrencies.More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS …
China’s BRI left several countries saddled with ‘hidden debts’: report
China Belt and Road Initiative (BRI) has left scores of lower- and middle-income countries (LMIC) saddled with hidden debts totalling USD 385 billion, accor …
China-based infra bank lends $356mn for Chennai metro rail system
China and India are the top two shareholders in the 103-member bank, which was set up in 2016 at Beijing’s initiative, and seen as its answer to an international finance system dominated by western …
China approves Bank of Liaoning’s acquisition of local banks
China’s banking and insurance regulator on Thursday said it had approved the acquisition by Bank of Liaoshen, the newly established lender of China’s northeastern rustbelt Liaoning province, of two …
China urges banks to avoid housing speculation to curb Evergrande risk
China has urged banks to steady the housing market and avoid speculation as fears mount that Evergrande’s debt crisis could spill over into the property …
Investors can still find value in China, but be choosy, financial expert says
CI Global Asset Management senior vice-president says the two key questions investors should ask when evaluating Chinese stocks are whether a company can still grow after recent policy changes, and wh …
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