SHANGHAI/HONG KONG, April 10 (Reuters) – China slapped a record 18 billion … Alibaba’s internet finance arm, which was set to be the world’s biggest ever. The State Administration for Market …
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Will China Help With Huarong’s $22 Billion Bill? Don’t Hold Your Breath
Huarong’s U.S. dollar-denominated bonds tumbled. The $300 million 3.375% coupon bond, due in May 2022, yielded 9.94% by Friday. With close to $22 billion dollar bonds outstanding, the quasi-sovereign …
China’s central bank should be more like the Fed, top researcher says
China’s central bank has resisted cutting benchmark interest rates or buying bonds to pump money directly into the financial system, a stimulus method known as quantitative easing. The world’s …
China considering mixing COVID-19 vaccines due to low efficacy rates
China’s top disease control official has said the country is formally considering mixing COVID-19 vaccines, while acknowledging the efficacy of current vaccines was “not high”. Available data shows …
Non-performing debt of China’s banks rises by 22 pc
“The nonperforming debt stems mainly from the manufacturing, wholesale, retail and service sectors,” Zhang Xuguang, an executive vice president at Agricultural Bank of China, said during a …
China inroad into Pak economy points to neo-colonialism
Islamabad has long portrayed the USD 6.8 billion Main Line-I project to be the main artery of Pakistan Railways and tried to convince China to finance the project, the Chinese side has tried to avoid…
China Fines Alibaba $2.8 Billion For Breaking Anti-Monopoly Law
The tech giant received a historically large fine Saturday from the Chinese government. Alibaba says it will comply with the fine and “ensure its compliance with determination.” …
Navigating Beijing’s digital cash ambitions
Taiwan’s print media seem to have become engulfed in a “digital currency fever” — almost every day there are reports about digital currencies saying that central banks in many countries are rushing to …
China issues inflation warning as rising commodity, consumer prices threaten economic recovery
China’s leading financial officials released a rare statement warning about the potential rise of commodity prices and consumer inflation, which has become a global concern as major central banks have …
China Fines Alibaba Record $2.8 Billion After Monopoly Probe
China imposed a record fine of 18.2 billion yuan ($2.8 billion) on Alibaba Group Holding Ltd. after an anti-monopoly probe found that it had abused its dominant market position.The penalty is triple …
Beijing orders five Chinese cities including Guangzhou, Dongguan to rein in their runaway house prices
Beijing’s hard stance on curbing home prices and avoiding … Wang Jianfan, director of the tax policy department of the Ministry of Finance, said on Wednesday that the country will “actively and …
Why China is banking on Suez and plans for a new Egyptian capital
The China State Construction Engineering Corporation, the contractor for the project, is building an 80-storey, 385-metre tower as part of the project, which will be the tallest building in Africa …
China Fines Alibaba Group $2.8 Billion in Monopoly Probe
China imposed a fine of 18.2 billion yuan ($2.8 billion) on Alibaba Group after an anti-monopoly probe, part of a regulatory crackdown that has raised concerns about the future of Jack Ma’s tech …
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