Chinese tech and education stocks have been rocked by regulatory uncertainty in recent sessions, including some listed in the U.S.
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China: Local RMB financial assets amount to USD582B
According to data from China’s central bank, local RMB financial assets managed by foreign entities amounted to 3.76 trillion yuan (about USD582 billi …
A Cash-Strapped Corner of China Finds a Financial Tonic—Hard Liquor
The rise of China’s biggest liquor company, Kweichow Moutai, has been a gift for the indebted province that is the company’s majority shareholder. “There is a lot of pressure to share the joy in …
China’s inclusive finance loans rise in H1
China’s inclusive finance loans expanded by 3.26 trillion yuan (503.86 billion yuan) in the first half of the year, 832.4 billion yuan more than the same period last year, the People’s Bank of China …
China’s central bank adds heat to fintech crackdown
China’s central bank has urged further “rectification” of the country’s fintech sector, adding more pressure to tech groups besieged by intensifying regulatory scrutiny. The latest warning from …
China Central Bank Cracking Down on Cryptocurrency Trading
Chinese government officials are announcing plans to continue a crackdown on cryptocurrency trading and speculation. What happened: In a statement released on Saturday, the People’s Bank of China says …
Olympics-Taiwan, Hong Kong welcome at Beijing 2022 winter Games-IOC
Hong Kong and Taiwan will be able to send teams to Beijing for the 2022 Winter Olympics in February just as for any other Games despite any ongoing political tension with China, the International …
China’s central bank pledges prudent monetary policy in H2
In a statement released after a Friday meeting on work for the second half of the year (H2), the People’s Bank of China (PBOC) pledged to keep a prudent monetary policy that is also flexible,…
China’s central bank keeps sights set on monopolies
The central bank] will cooperate with relevant departments to resolutely implement the decisions … of the Communist Party’s Central Committee and the State Council on tackling monopolies and prevent …
Hedge funds get a wake up call on the risks of investing in China
Hedge funds with big positions in Chinese companies will likely be proceeding with caution after the regulatory environment rocked markets, insiders say.
Chinese tech stocks suffer worst sell-off since global financial crisis as Beijing pledges to step up screening of US-listed firms
Big Chinese tech stocks listed in the US have suffered their worst month since October 2008 as the latest clampdown by China’s regulators forced investors to reassess the world’s largest stock market, …
China will maintain prudent, flexible monetary policy in H2 – central bank
China will maintain a prudent, flexible and targeted monetary policy in the second half of the year, its central bank said on Saturday, as it seeks to support growth while keeping the digital economy …
China targets costly tutoring classes. Parents want to save them
In China, the competitive pursuit of education — and the better life it promises — is relentless. So are the financial pressures it adds to families already dealing with climbing house prices, caring …
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