HONG KONG (Reuters) – As Beijing seeks to tighten its grip over Hong Kong, it has a new mandate for the city’s powerful property tycoons: pour resources and influence into backing Beijing’s interests, …
Tagged By banking
IMF chief accused of altering world bank report in China’s favour
World Bank leaders, including then-Chief Executive Kristalina Georgieva, applied “undue pressure” on staff to boost China’s ranking in the bank’s “Doing Business 2018” report, according to an …
IMF Chief Denies Altering World Bank Report To Avoid Angering China
IMF chief Kristalina Georgieva on Thursday disputed an independent investigation which found that in her previous job at the World Bank, she pressed staff to alter a report to avoid angering China.
China’s Evergrande to Let Angry Investors Bid on Discounted Properties
China Evergrande Group plans to let consumers and staff bid on discounted properties this month to repay them for billions in overdue investment products as the embattled developer seeks to preserve …
IMF Chief Risks Undermined Authority After China-Linked Probe
Kristalina Georgieva risks seeing her authority as head of the International Monetary Fund undermined just weeks before an annual meeting of global finance chiefs, after being accused of influencing a …
IMF chief Georgieva says did not alter World Bank report to appease China
Georgieva, a Bulgarian national who took the helm of the IMF in October 2019, rejected its conclusions regarding her role.
World Bank inquiry finds IMF chief pushed staff to boost China rankings
Kristalina Georgieva, managing director of the IMF, has been accused by a World Bank inquiry of directing efforts to artificially boost China’s ranking in the lender’s influen …
Ex-World Bank CEO Kristalina Georgieva pressured staff to favour China in report, says ethics probe
The report raises concerns about China’s influence at the World Bank, and the judgment of Georgieva, who now heads the IMF.. Read more at straitstimes.com.
Inquiry finds World Bank officials, including now-I.M.F. chief, pushed staff to inflate China data.
An investigation focused on accusations that top World Bank officials pressured the team conducting an annual survey to improve China’s standing.
China checks financial news blogs
Financial news, disseminated through blogs and social media, is now being targeted. The Cyberspace Administration of China has embarked on a “special rectification” campaign, clamping down on market …
IMF chief denies altering World Bank report to appease China
IMF chief Kristalina Georgieva on Thursday disputed an independent investigation which found that in her previous job at the World Bank, she pressed staff to alter a report to avoid angering China.
China faces a potential Lehman moment. Wall Street is unfazed
Wall Street is keeping close tabs on the Evergrande situation, which highlights the extraordinary amount of borrowing Chinese companies and families have taken on over the years.
China’s Nightmare Evergrande Scenario Is an Uncontrolled Crash
Protests intensify at China Evergrande Group offices across the country as the developer falls further behind on promises to more than 70,000 investors. Construction of unfinished properties with …
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