(Photo: Government House) The China-led Asian Infrastructure Investment Bank (AIIB) is interested in financing Thailand’s Land Bridge megaproject, says Prime Minister Srettha Thavisin. The …
Tagged By banking
Liquidation of China’s Evergrande has ‘a lot of similarities’ to Lehman Brothers, analyst says
A Hong Kong court on Monday ordered Chinese real estate developer Evergrande Group — the world’s most heavily indebted property developer — to liquidate its assets.
The Promise and Peril of China’s Strong Yuan Policy
Robert Rubin famously launched a “strong dollar policy” for the US in the 1990s, helping to establish a narrative of American economic strength for the latter half of that decade. Chinese President Xi …
China pledges more help for its ailing property market, as IMF forecasts economy will slow
China’s property sector accounts for nearly a third of the country’s economic activity and an industry-wide meltdown, triggered by a crackdown on excessive borrowing that began several years ago, has …
China gaming: Beijing approves Dungeon & Fighter Mobile among imported titles, giving Tencent a boost
In a surprise move, China’s gaming regulator approved a new batch of foreign video games on Friday, including hit title Dungeon & Fighter (DnF) Mobile to be operated in China by Tencent Holdings, as …
ICBC chairman Chen Siqing resigns as Chinese banking industry undergoes leadership reshuffle
The world’s third-largest lender by market capitalisation has announced a key change at the top, the latest in a slew of leadership reshuffles in the country’s banking sector this year.
China regulator urges banks to improve credit management
China’s financial regulator on Friday issued measures that urge commercial banks to further improve credit management, to better serve the real economy.
China central bank reports 150-bln-yuan in PSL net issuance in January
The People Bank of China PBOC China central bank reported a net issuance of 150 billion yuan 2112 billion US dollars of Pledged Supplementary …
China’s bank wealth management market expands in 2023
BEIJING, Feb. 2 (Xinhua) — China’s bank wealth management market expanded and saw more investors in 2023, industry data showed.
Analysis-New China property financing measures set to be tested by banks’ cautious approach
China aims to ramp up financing for home projects in the coming days as part of its support measures, but banks’ reluctance to lend to the crisis-hit sector will remain a major obstacle for the…
China’s ‘financially unhealthy’ small firms have a serious cash-flow problem that threatens to topple more dominoes, survey finds
Small and micro-sized firms are considered vital to the health of China’s overall economy, and a new report offers suggestions for financial institutions and governments to empower growth and enhance …
Beijing Pledges More Fiscal Support as Economy Stumbles
China promises more proactive government spending this year, as Beijing doubles down on boosting the economy amid a deepening property slump, while wary economists say bolder moves are needed to …
Xinhua Silk Road: Pien Tze Huang, Beijing Tong Ren Tang agree to boost bilateral cooperation, promote high-quality development of TCM
Zhangzhou Pien Tze Huang Pharmaceutical Co., Ltd. (Pien Tze Huang) signed a cooperation agreement with Beijing Tong Ren Tang (TRT) Group during the First Conference of Partners of Tong Ren Tang, which …
