China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay …
Tagged By banking
China loan rate in spotlight as investors seek clues on health of world’s second-largest economy
China’s loan prime rate (LPR), which currently stands at 3.85 per cent, could be lowered for the first time since early last year on Tuesday.
China Loan Rate In Focus as Traders Watch for Easing Clues
China’s benchmark loan rate will be in the spotlight on Tuesday, with market participants divided over the need for more easing to support growth.The loan prime rate could be lowered for the first …
Beijing Capital Land’s Planned Privatisation to Have Limited Rating Impact
The proposed privatisation of Beijing Capital Land Ltd. (BCL, BB/Stable) may increase the operational overlap with its parent, Beiji …
China’s share of bitcoin mining slumped even before Beijing crackdown
LONDON: China’s share of global bitcoin production power fell sharply even before a recent crackdown by its authorities on cryptocurrency mining, research by the University of Cambridge showed on …
Ericsson no longer banking on China 5G contract wins
Sweden’s Ericsson, caught in the middle of a geopolitical battle between Beijing and the West, said on Friday it was no longer banking on previously anticipated contract wins for 5G tenders in China, …
China’s e-yuan like ‘a double-edged sword’, and mishandling it carries considerable financial risks
Analysts caution that widespread adoption of China’s digital currency must be gradual, as embracing the e-yuan will be ‘an educational process and a cultural shift’.
China’s Economic Outlook Stabilises as Beijing Addresses Financial Risks to Enhance Resilience
China’s financial reforms, more conservative growth objectives and greater tolerance of defaults have made China’s growth model more sustainable, particularly in its capacity to absorb the lingering …
China continues push for a digital yuan issued by its central bank
Jeremy Allaire, Circle co-founder and CEO, joins ‘Fast Money to discuss China’s position on digital currency and its efforts to push forward with a digital yuan issued by the country’s central bank.
China Development Bank issues 10 bln yuan of green bonds
The China Development Bank has issued 10 billion yuan about 155 billion US dollars of green finance bonds to global investors …
China-US relations: Beijing threatens to deal ‘head-on’ blow after latest sanctions over Hong Kong
Washington accused of making ‘unprovoked smears’ after it warns businesses of heightened risks of operating in the city.
Chinese banking sector’s assets up 9.2 pct
Onshore assets of China banking sector continued to expand in the first half of the year while the industry non-performing ratio sa …
Digital Yuan Used in $5B of Transactions, Says China’s Central Bank
The total value of transactions using China’s central bank digital currency (CBDC), the digital yuan, reached 34.5 billion yuan ($5 billion) by the end of the June, the Peoples …
