China’s repo market shows just how risky China Huarong Asset Management Co.’s bonds are perceived to be within the mainland, despite being majority-owned by the finance ministry. Borrowers putting up …
Tagged By banking
Stablecoins ‘threaten financial stability’; China’s commodities boom crackdown; Liberty steelworks for sale – as it happened
Rolling coverage of the latest economic and financial news …
The race to avert disaster at China’s biggest ‘bad bank’
Huarong’s role in absorbing and disposing of lenders’ soured debt is worth preserving to support the banking sector cleanup, but requires government intervention, according to Dinny McMahon, an …
Fed paying close attention to China digital yuan, Brainard says
The Federal Reserve is paying close attention to China’s progress in developing a digital currency, especially its use in international payments, Fed Governor Lael Brainard said Monday. “It is very …
Piaggio One electric scooter revealed ahead of global debut at 2021 Beijing auto show
First pictures of the Piaggio One electric scooter have been revealed today, ahead of its physical world premiere at the 2021 Beijing auto show on 28 May. The One is only the second pure-electric …
China: Public offering finance volume exceeds USD3.35t
Statistics from the Asset Management Association of China reveal that the scale of China’s public offering funds had dropped month on month by the end of March. According to the …
China flags greater oversight as financial risks multiply amid soaring commodity prices
Beijing is growing increasingly wary of risks stemming from rising commodity prices, inflation and international economic uncertainty following the coronavirus pandemic.
China mines more bitcoin than anywhere else. The government wants that to stop
By Laura He, CNN Business China has extended its iron-fisted crackdown on using and trading bitcoin to the industry that oversees the mining of new cryptocurrency tokens.
Crypto miners halt China business after Beijing cracks down, bitcoin tumbles
A State Council committee led by Vice Premier Liu He announced the crackdown late on Friday as part of efforts to fend off financial risks. It was the first time the council has targeted virtual…
Quotable quotes from Tsinghua PBCSF Global Finance Forum
Themed on “New Pattern, New Development, New Finance”, the 2021 Tsinghua PBCSF Global Finance Forum was held in Beijing on May 22 and 23. Distinguished guests from the government, industry and …
Inside the race to avert disaster at China’s biggest ‘bad bank’, the Huarong Asset Management Co
Huarong Asset Management Co has been in full crisis mode ever since it delayed its 2020 earnings results, eroding investor confidence. Executives have come to expect to be summoned by government …
Central Bank Nerves, China Dodges Russia, Biden Battle: Eco Day
Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the week.With the world barely through this crisis, central bankers are already wondering if a …
Inside the Race to Avert Disaster at China’s Biggest ‘Bad Bank’
Huarong Asset Management poses a crucial test of China’s financial system. It was past 9 p.m. on Financial Street in Beijing by the time the figure inside Huarong Tower there picked up an inkbrush and…
