Lan Fo’an, China’s finance minister, said on Wednesday that Beijing would “gradually reduce risks” of local government debt by cutting the number of LGFVs and pushing local governments to sell …
Tagged By banking
China’s Financial Exodus: Global Markets on Edge as Chinese Investors Expand Reach
Chinese investors and businesses are increasingly seeking profits abroad, driven by domestic market challenges. This outward investment trend is led by mechanisms like the Qualified Domestic …
Nervous about the U.S. market at all-time highs? Buy China stocks.
MICHAEL BRUSH Wary of U.S. stocks because you think the valuations look rich? China stocks are a solution. If you’re reluctant to buy, given all the negative headlines about China, …
China’s debt-ridden Guizhou faces reckoning after years of splashing out on pricey projects
One of China’s most indebted provinces has brilliant bridges and vast roads, but also one of the nation’s worst per capita income levels, along with debt pressure that could weigh down the region for …
Beijing’s ‘broker butcher’ sparks state-driven stock rally
Domestic investors scarred by stock market losses last year have meanwhile been piling into renminbi-denominated government debt, pushing up bond prices and driving down yields. Yields on China’s …
China Plans $27B Chip Fund Amid US Tech Curbs
China is setting up a mega chip fund worth $27 billion. The move is aimed at boosting its technological prowess amid rising tech curbs from the …
China’s Alipay and WeChat Pay ease the way for foreign travellers to make payments in world’s largest cashless society
Alipay raised foreign visitors’ transaction limits, while travellers can link their overseas bank cards to WeChat Pay without ‘complete information’ Those initiatives come after Chinese authorities on …
China setting up $27B chip fund to beat US curbs – report
China is poised to raise over $27B for its largest chip fund yet, marching ahead with the development of advanced technologies to counter U.S. curbs, Bloomberg News reported. The National Integrated …
Finance minister: Local govt debt risk controllable
Local government debt risk in China is controllable, and the country will accelerate the construction of a government debt-management mechanism so that the debt risk will be solved as the country …
Trading national defense info for cash? US Army Sgt. accused of selling secrets to China
Korbein Schultz was an intelligence analyst who allegedly shared info about advanced fighter aircraft and intercontinental ballistic missiles.
‘The next China is still China’: top diplomat pushes back against negative foreign sentiment
Top diplomat offered assurances to international audience that the country will continue ‘opening its door wider’.
China has snapped up a huge amount of gold for 16 months in a row
The price of gold has surged to a record high, and Swiss exports of the precious metal to China nearly tripled to start the year.
China’s economy is showing signs of life as it touts its growing relationship with Russia
Chinese export volumes have shot past estimates so far this year, boosted by deeper trade ties with Russia and other emerging markets, the Financial Times reported. Volumes rose 7.1% in the first two …
