State support—explicit or implicit—is a crucial linchpin of the Chinese financial system. Things can unravel quickly when investors no longer believe it is there.
Tagged By banking
China Huarong Showdown Reveals Beijing’s Tougher Stance on Risk
Market turmoil surrounding China Huarong Asset Management Co. intensified on Wednesday as investors interpreted government silence on the embattled firm as a lack of official support.
China’s Environmental Data: The World’s Biggest Polluter In Numbers
China has pushed ahead in renewable energy, with the Global Wind Energy Council industry group noting 2020 was a record year for wind energy. The drive in wind energy came before a cut-off in …
Beijing FTZ delivers opportunities for international entrepreneurs
The Beijing FTZ was launched in September 2020 and covers an area … For example, the procedures of opening a bank account were unexpectedly complicated and time-consuming. “I can understand it as it …
China’s new bank loans rise in March but broad credit growth eases
BEIJING — New bank loans in China rose more expected in March from the previous month due to strong corporate and household demand, as the central bank walks a tightrope between supporting the rapidly …
China saw record 18.7% growth in first quarter: AFP survey
China’s economy grew at a record pace during the first quarter as it rebounded from a historic contraction caused by Covid-19, and boosted by exports and domestic demand, an AFP poll of analysts found …
China Huarong’s Plunging Bonds Point to Major Market Shift
For decades, it’s been an article of faith in China’s credit market: Companies controlled by the central government will get bailed out if they ever run into trouble.
Central bank and consumer buying in India and China arrest gold’s slide
Gold buying by central banks and consumers in India and China is stirring hopes for a recovery in the market, which has been hit by a wave of selling this year driven by large exchange…
China’s Ant Group to become financial holding company
Jiebei and Huabei, Alibaba’s affiliated consumer lending units, will be operated by Ant Group’s consumer finance company. China has been making efforts to mitigate financial risk and maintain a …
China’s Finance Ministry says fined 19 Pharmaceutical companies for inflating drug prices
Beijing/Sputnik: The Chinese Ministry of Finance has fined 19 pharmaceutical companies for violating the country’s accounting law and artificially inflating prices for medicines, according to the …
China Central Bank Names U.S.-Educated Li as Deputy Governor
The People’s Bank of China (PBOC) on Tuesday said it appointed U.S.-educated economist Li Bo, until recently the vice mayor of the municipality of Chongqing, as a deputy governor. Li, who is in his …
Country Programme on Taxation with the People’s Republic of China
Country Programme For the People’s Republic of China. The OECD tax programme with China was launched in 1996. Both the Ministry of Finance and the State Administration of Taxation …
‘Heed the warning’: Beijing summons 34 tech firms after record Alibaba fine
Chinese regulators have warned 34 technology giants — including Baidu and Tencent — to “rectify” any anti-competitive measures, a statement said Tuesday, days after e-commerce giant Alibaba was …
