BEIJING China’s efforts to cut taxes and fees on companies will hurt government revenues, but increased economic activity generated by a lighter cost burden will help keep overall state finances stable, a finance ministry official…
Tagged By banking
China can’t fix its financial problems by debt cutting alone, economists say
The push for real economic reforms remains a key challenge facing President Xi Jinping during his second term, as structural improvements beyond debt reduction are needed to contain China’s financial risks, chief economists of China’s…
Australian Politics Is Open to Foreign Cash, and China Has Much to Gain
opaque campaign finance system. By contrast, such donations are largely banned in the United States, Canada and throughout most of Europe. “It’s not so much that China is more active but that Australia is more…
China’s CITIC Bank approves deal for stake in Kazakh lender
SHANGHAI China’s CITIC Bank Corp Ltd (601998.SS) said late on Wednesday its board had approved a deal to buy a 60 percent stake in Kazakhstan’s Altyn Bank, a subsidiary of Halyk Bank HSBK.KZ(HSBKq.L), the country’s…
China bond finance hits record low as market rout hammers demand
Chinese corporate bond financing hit a record low in May, as a market rout discouraged new issuance while a wave of previously issued notes came due. The combination of tight liquidity and a regulatory crackdown…
A financial crisis in China could also take down Australia
Australia managed to survive the global financial crisis with the help of a huge stimulus program from China. Chinese demand for Australian minerals prevented our economy from tanking. However, almost a decade later, doubts have…
China May imports, exports unexpectedly speed up but seen fading
Concerns over China landed squarely back on global investors’ radar after Moody’s Investors Service downgraded its credit rating last month, saying it expects the country’s financial strength will erode in coming years as growth slows…
China’s central bank is trying to steal a march on the US Fed, by boosting the yuan
The Chinese central bank is perfectly sensible in making preparatory moves well ahead of any likely rise in US interest rates in the middle of this month, analysts agree, by strengthening the yuan in an…
Trusting an accountant with Hong Kong’s finances speaks volumes of Beijing’s priorities
one step below the post of Financial Secretary. A third nominee decided to bypass Lam and volunteer his service to Beijing, betting that his financial expertise and strong personal ties with Chinese leaders will land…
China Helps Big Auto Get Bigger
China Automotive Information Net, Bloomberg New Energy Finance Note: China’s vehicle sales according to the 2025 government plan. It’s just that authorities were caught flat-footed when a rush of new entrants with no automaking experience,…
Bulk drug parks: Still waiting for financial backing
Once again mentioning the issue of financial crunch, the department added … One of the main reasons for huge API imports from China is its low-cost large-scale manufacturing and heavy subsidies provided to their local…
China Construction Bank marks $1.2bn Nasdaq Dubai listing
China Construction Bank (CCB) on Wednesday rang the market-opening bell to celebrate the listing of a $1.2-billion bond on Nasdaq Dubai, the region’s international financial exchange. This marks the largest single listing by a Chinese…
China walks monetary tightrope as liquidity pressure mounts
China’s central bank is walking a tightrope between keeping enough liquidity to support market stability and deleveraging to avert financial risks. The People’s Bank of China (PBOC) injected 498 billion yuan (73 billion U.S. dollars)…
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