Fitch Ratings has maintained the Rating Watch Negative (RWN) on the ‘BBB’ rating of Central Plaza Development Ltd’s USD450 million senior notes due 2025 and the ‘BB+’ rating on its USD500 million …
Tagged By banking
China’s record fine against Alibaba spells the end of Big Tech’s romance with the state
Recent actions against internet giant Alibaba may signal the beginning of the end of the romance between Chinese Big Tech and the government.
China’s digital yuan could be used by international visitors at the 2022 Beijing Winter Olympics
The Beijing Olympics would be the first time international visitors could use the digital currency, which is designed for domestic use.
China’s Xi to Deliver Speech; Fast Money Inflows: Boao Update
China’s President Xi Jinping will address the annual Boao Forum Tuesday and his video speech will touch on the risks and challenges the world is facing, and what solutions his country offers to …
Group urges UN to probe China for crimes against humanity
A human rights group appealed to the United Nations on Monday to investigate allegations China’s government is committing crimes against humanity in the Xinjiang region.
China vows targeted policies, necessary support for economic recovery
China will maintain necessary support for economic recovery and implement targeted structural tax cuts and other measures to consolidate its growth momentum, the country’s top economic planner pledged …
China’s Ant explores ways for Jack Ma to exit as Beijing piles pressure
The company hoped Ma’s stake, worth billions of dollars, could be sold to existing investors in Ant or its e-commerce affiliate Alibaba Group Holding Ltd without involving any external entity, one of …
China’s digital yuan could be used by athletes and visitors at the Beijing Olympics
China is pushing forward with its experiment in creating a digital version of the yuan and may give foreign athletes and visitors a chance to use it at the 2022 Beijing Winter Olympics. Li Bo,…
The week in review: China, US join hands to tackle climate crisis, Citi to exit Mainland consumer banking, CBIRC calms market over Huarong worries
In this round-up, Beijing and Washington pledge to fight climate change together, Citi plans to set up onshore securities and futures companies as it ends consumer banking operations in 13 markets …
Citi Plans New China Investment Bank Within 18 Months
Citigroup Inc. is pushing ahead to set up new investment banking and trading operations in China after the lender announced it would be exiting retail banking in the world’s second-largest economy.
Yuan internationalisation goal ‘is not to replace US dollar’, top China banking official insists
China’s efforts to promote its digital currency as well as the internationalisation of the yuan had caused concerns it wanted to topple the US dollar as the world’s main reserve currency.
China must wean itself off coal to meet climate goal
China co-operation pledge on the environment has reaffirmed faith in Xi Jinping’s 2060 carbon neutrality target, but reducing the country’s reliance on coal remains a hurdle.
As Kerry secures climate pledge with China, here’s what else to watch for at Biden’s Earth Day summit
Climate change has been a key topic in President Joe Biden’s first 100 days in office and now the administration looks to reclaim a leadership position …
