China Huarong Asset Management Co. had its credit rating cut to the lowest investment grade by Fitch Ratings, which said further downgrades are possible if Chinese authorities continue to withhold …
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China’s small-and-medium enterprise sector has been fragile: Partners Financial
Ronald Wan of Partners Financial Holdings says although China’s market is on the right direction, investors should still watch its SME sector which sees “sluggish” growth and potential liquidity …
The Rise of the People’s Bank of China
The People’s Bank of China surpasses the Federal Reserve as the world’s biggest central bank. In the first comprehensive account of the evolution of …
China Is Already Tapering Stimulus With Drop in Local Bond Sales
China’s local authorities have slowed the pace of debt sales to finance infrastructure projects this year, evidence of a gradual tightening of fiscal policy as the government shifts its focus toward …
China’s month-long consumption campaign aims to ‘unleash spending potential’ of Chinese people
Upcoming promotional period in May will involve millions of retailers, but analysts say significant hurdles remain to get people to spend again, as household debt and poor job prospects weigh on China …
China ups defence spending in 2020 but ‘economic growth cushions increase’
Sweden-based research group. In a report released on Monday, the Stockholm International Peace Research Institute (SIPRI) said China spent an estimated US$252 billion on its armed forces in 2020, 1.9 …
Green finance key to China-US collaboration
Indeed, China and the US are jointly shouldering responsibilities as major powers for climate change, laying the foundation for cooperation in the field of green finance. At present, Biden is …
Targeting China With Trade Reforms Will Not Work: WTO Head
China is more likely to cooperate with global trade reforms if it is not made to feel a target of other international powers, the head of the World Trade Organization (WTO) said on Monday. Anxious…
China digital currency: fintech giant Ant Group reveals partnership history with People’s Bank of China
Ant Group has been working with China’s central bank on the country’s sovereign digital currency since 2017, according to information disclosed over the weekend.
Beijing office realty to see supply boom
Beijing’s office realty market will see a new supply peak driven by the thriving high-tech sector, property industry data showed. According to a recent report issued by Cushman & Wakefield, a …
China Huarong Delays 2020 Results Past April Deadline
China Huarong Asset Management Co. said its 2020 earnings results would be delayed past an April 30 deadline, potentially further fraying investors’ nerves after mounting worries over potential …
China to further optimize financial services to SMEs
China’s banking and insurance regulator issued a circular Sunday on further promoting high-quality development of financial services to small and medium-sized enterprises (SMEs) in 2021. Efforts will …
Bad-debt manager China Huarong once again delays results as auditors need time to ‘finalise unspecified transaction’
China Huarong Asset Management had missed an earlier March 31 deadline to announce preliminary results, saying that its auditors needed more time.
