South Korea’s financial market watchdog said on Monday it has found wrongdoings by financial firms selling derivatives linked to a Hong Kong stock market index. “The inspection result shows there was …
Tagged By banking
Australian Writer’s Death Sentence in China May Not Be Executed
China’s ambassador to Australia suggests that imprisoned Australian writer Yang Hengjun may avoid execution if he commits no further crimes.
Banks Balk at China Vanke Loan Terms in Hurdle for State Support
China Vanke Co. is facing resistance from the nation’s two largest banks on a new HK$4.5 billion ($575 million) offshore loan, according to people familiar with the matter, in a major test of state …
Exclusive-China asks large banks to support Vanke in rare intervention, sources say
HONG KONG/SHANGHAI/BEIJING (Reuters) -China has asked banks to enhance financing support for state-backed China Vanke and called on creditors to consider private debt maturity extension, in a rare …
Watchdog Says Bankers Misrepresented Risky China-Linked Notes to Korean Retirees
South Korea’s financial watchdog said a probe found that some of the country’s largest brokers misrepresented risky China-linked structured products to retail investors, and it is considering remedies …
China’s annual parliamentary meeting has ended. Here are the key takeaways
China’s weeklong annual parliamentary meetings ended on Monday … At the 2023 parliamentary meeting, Beijing announced an overhaul of finance and tech regulation by establishing party-led commissions …
Morning Bid: Are China’s inflation, capital flows tides turning?
Signs of fatigue on Wall Street and mixed Chinese inflation data will set the tone for Asian markets on Monday, with growing expectations of a landmark policy change later this month from the Bank of…
China’s debt crisis deepens as hidden obligations surface
China is grappling with an enormous debt crisis. Many cities and even whole regions are overwhelmed by financial obligations, pushing local government officials to negotiate debt repayment terms with …
China’s looming crisis: Overwhelming debt threatens economic stability
China is facing another problem: many cities, and even entire regions, are overwhelmed by debt. The financial burdens are so severe that local government representatives have dispatched their …
More than 340 in corruption net as China’s top prosecutors double down on tackling financial crime
Hundreds of members of China’s finance sector were charged with professional crimes such as insider trading last year under renewed efforts to improve monitoring, according to the top prosecutor’s …
China’s job market sees high demand for AI, big data talent: minister
China’s job market has had a strong start, with booming demand for artificial intelligence (AI) and big data talent, the Ministry of Human Resources and Social Security announced at a press conference …
Hong Kong’s Paul Chan says Beijing’s 5% annual growth target ‘not easy, but achievable’ and offers strong backing for local development
Finance chief also says country’s push to open ‘its door wider’ to world will allow Hong Kong to use exhibitions on mainland to promote its own events Chan touches on national emphasis to cultivate …
China Development Bank ups support for urban village renovation
BEIJING, March 10 (Xinhua) — The China Development Bank (CDB), a major policy bank in the country, has stepped up loan support for urban village renovation projects nationwide.
