China’s Ministry of Finance will issue 5 billion yuan ($777.6 million) of 2-year and 2 billion yuan of 5-year yuan-denominated bonds in Hong Kong on Sept. 23, according to an announcement on Thursday.
Tagged By banking
China State Planner Approved 11 Fixed-Asset Investments in August
China’s state planner the National Development and Reform Commission said it approved 11 fixed-asset investment projects worth 100.6 billion yuan ($15.64 billion) in August, according to a …
A Chinese property giant is a $300 billion time bomb for Beijing
(Imaginechina via AP Images For decades, the Chinese developer Evergrande Group was an embodiment of the success of the rapidly growing Chinese economy. Increasing disposable personal income fueled a …
China Probes ‘Blind Box’ Funds for Contract Compliance – China Securities Journal
China is probing “blind box” funds to ensure that investment positions are in compliance with the stated contractual terms, the China Securities Journal reported on Thursday. The news comes as chaotic …
BOC, DBS and HSBC join GSBN to form Trade Finance Advisory Group to Transform Global Trade
James Ho, Deputy General Manager of Transaction Banking Department from Bank of China (Hong Kong) (“BOCHK”), said, “BOCHK is pleased to deepen our collaboration with GSBN by becoming a key member of …
China retail sales miss expectations, Casino stocks tumble amid concerns of China gambling regulations
Yahoo Finance’s Brian Sozzi and Julie Hyman break down the latest retail sales data from China, as well as gambling regulatory concerns in China sending U.S. Casino stocks lower.
China’s bitcoin mining crackdown reaches northern province surrounding Beijing
The cyberspace watchdog of Hebei announces a clampdown on cryptocurrency mining and trading, the latest province to heed Beijing’s call.
Yum China: Delta variant could lead to profit falling 50%, Weber shares surge after first earnings report since going public
Yahoo Finance’s Brian Sozzi and Julie Hyman discuss the recent warning on profit declines from Yum China, and the first earnings report from Weber since going public.
China Is Making Smart Money
China’s fintech activity is evolving swiftly. The only way for the U.S. government to thwart this long-term threat is to act immediately to ensure that Chinese innovation is not the only game in town …
Complaints against China’s banking sector rise in Q2
China Banking and Insurance Regulatory Commission and its local bureaus received a total of 84,424 cases of consumer complaints in the second quarter of this year, up 25.5 percent year on year. More …
A China Survey Finds Investors Lack Basic Financial Knowledge. How That Can Jolt Chinese Stocks.
The survey by People’s Bank of China comes at a time when mobile financial platform Ant Group has become an enormous handler of consumers’ money.
China Tells Banks Evergrande Won’t Pay Interest Next Week
(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.
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 …
