BEIJING: Chinese banks are facing the threat of rising bad loans in the future as the current economic recovery is unbalanced and lacks a solid …
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Didi Chuxing, Ant Group backer Temasek remains ‘bullish’ on China as Beijing cracks down on tech sector
China remains the largest part of the Singapore’s Temasek Holdings’ portfolio, accounting for 27 per cent of its assets in the 2021 financial year.
China claims it has improved people’s lives in Xinjiang after US warning
Beijing’s latest white paper says the region ‘is now a stable and orderly society’, ethnic minorities have political representation and living standards are rising.
China’s bank regulator warns of rising bad loans due to uneven recovery
China has implemented monetary and fiscal policies since last year to support an economy jolted by the COVID-19 pandemic. Financial institutions were encouraged to lower rates for virus-stricken firms …
China’s SOEs to See Greater Differentiation of State Support
This reflects recent policy shifts and the influence on the likelihood of state support. We expect that downgrades, if they occur, will be limited mostly to one to two notches. The number of defaults …
China’s economic policy diverging from US while ‘putting own needs first’, central bank says
With China at a different stage in its economic recovery than the United States, Beijing’s main focus is on maintaining stability in its own financial markets.
Beijing bucks keep Democrats mum on China’s abuses
Washington is a financial fantasyland. No one knows this better than the communists who run China and oversee its pools of cheap forced labor and millions of consumers.
Obscure Cyber Agency Becomes Nemesis of China’s Tech Giants
No agency held such explicit gatekeeper powers in the past. The watchdog — which operates under the Central Cyberspace Affairs Commission chaired by President Xi Jinping — is now at the forefront of …
China’s monetary policy basically returns to normal, says PBOC China’s monetary policy basically returns to normal, says PBOC
China’s latest liquidity release of about 1 trillion yuan ($155 billion) is a normal operation as the monetary policy basically returned to normal in the first half of the year, so the stance of the…
US financial policy change unlikely to impact China’s market: central bank official
Changes in US Federal Reserve’s monetary policies are unlikely to have a big impact on China’s financial market, an official from the People’s Bank of China, the country’s central bank, said on …
China central bank says will control policy pace, intensity based on domestic economy
China’s central bank will base the pace and intensity of monetary policy on the domestic economy and inflation trends in the second half of the year, Sun Guofeng, head of the monetary policy …
China called finance apps the best thing since the invention of compass. But no longer now
State media hailed Alipay as one of Chinas four great modern inventions, putting it and bicycle sharing, e-commerce and high-speed rail up there with the compass, gunpowder, papermaking and printing.
China’s Top Brokers Ask Senior Bankers to Fly Coach to Cut Costs
China’s two largest investment banks are making broad cuts to travel budgets that will impact junior bankers as well as senior directors as they seek to reign in costs and boost profitability.
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