China should avoid credit contraction but also keep inflation expectations from intensifying, the 21st Century Business Herald quoted central bank policy adviser Wang Yiming as saying on Tuesday. Adds …
Tagged By banking
China Considers Shifting Huarong Stake to Sovereign Wealth Fund
China’s finance ministry is considering transferring its stake in China Huarong Asset Management Co. to a unit of the nation’s sovereign wealth fund that invests in financial companies, according to a …
China Huarong’s Worsening Bond Rout Stokes Market Contagion
China Huarong’s biggest shareholder is the country’s Ministry of Finance. “Market speculation of a restructuring with haircuts for Huarong International bondholders is heavily damaging …
U.S. Alone in Backing Japan Fukushima Water Plan Ripped by China
Sign up for the Bloomberg Green newsletter, your guide to the latest in climate news, zero-emission tech and green finance.The U.S. found itself alone backing Japan’s plan to release radioactive water …
Strong financial support lifts China’s real economy
China increased considerably the credit and loans to the … a fundamental change from the past pattern of financing the finance, money for money, which in turn tended to create financial bubbles at …
Fitch Affirms China Great Wall at ‘A’; Outlook Stable
The Ministry of Finance (MoF) directly owns more than 70% of China Great Wall and directly controls the company. The rest of the company is held by National Social Security Fund, China Life Insurance …
Fitch Places China Huarong Asset Management on RWN
Huarong Finance 2017 Co., Ltd., and Huarong Finance 2019 Co., Ltd. on RWN. The notes are credit-linked to China Huarong and Fitch’s internal assessment of China Huarong International Holdings Limited …
Yellen Dropping China Manipulator Label Won’t Help Weak Yuan
(Bloomberg) — China’s yuan is unlikely to escape its current bout of weakness, even with help from U.S. Treasury Secretary Janet Yellen. While Yellen’s decision not to name China as a …
Beijing market regulator fines 360 search engine company for false advertising
BEIJING (Reuters) – A market regulator in Beijing fined the subsidiary company of search engine 360 2 million yuan ($306,000) for false advertising, by state-owned newspaper Beijing Youth Daily …
China’s Trade Surges as Global Economy Recovers from Pandemic
China’s trade jumped in March, a sign that the global recovery from the Covid-19 pandemic is well on track as vaccine rollouts around the world pick up pace.Exports climbed 30.6% in dollar terms in …
Alibaba shares rise 2% after Beijing orders Ant Group to revamp business
The Ant Group restructuring and a $2.8 billion anti-monopoly fine for Alibaba removed a major source of uncertainty for investors in the e-commerce giant.
Beijing makes Ant’s credit less addictive
In a separate statement, the People’s Bank of China and other regulators said that under a “comprehensive and feasible restructuring plan,” Ant would cut the “improper” linkage between payments …
Ant Group to become a financial holding company overseen by China’s central bank
Ant Group will apply to become a financial holding company that is overseen by China’s central bank as part of efforts to appease regulatory concerns over the way it conducts its online payments …
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