Chinese authorities are considering measures to stabilize the slumping stock market, including mobilizing 2 trillion yuan ($278 billion) from offshore accounts of state-owned enterprises and investing …
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China’s Economy: Navigating the Catch-22 Dilemma and Investment Opportunities
As Michael Pettis, a finance professor at Peking University, aptly describes, “If the economy does badly, confidence is weak. If confidence is weak, spending is low. If spending is low, the economy …
Xi’s Corruption Crackdown Targets Embattled Finance Sector
Since rising to power a decade ago, Xi has waged a constant campaign against deep-seated graft that has led to the punishment of at least 4.7 million officials, according to a 2022 report by the…
Xi Jinping’s crackdown on official corruption has ripped through a secretive missile force, the Communist Party elite, the national football team, and now risks hammering a …
Since rising to power a decade ago, Xi has waged a constant campaign against deep-seated graft that has led to the punishment of at least 4.7 million officials, according to a 2022 report by the…
World’s Largest Bank To Pay $32,400,000 for Violating Bank Secrecy Act, Backdating Documents and Exposing Confidential Information
The Federal Reserve and New York Department of Financial Services (DFS) just announced a multi million-dollar settlement with a Beijing-based banking giant.
‘It’s really bad’: China strategist warns of deflation and rock-bottom consumer confidence
The world’s second-largest economy has faced a slower-than-expected recovery in 2023 after exiting Covid-19 restrictions.
China’s Premier Orders More Measures to Arrest Stock Rout
China’s Premier Li Qiang asked authorities to take more “forceful” measures to stabilize his country’s slumping stock market and investor confidence, after the mainland’s benchmark CSI 300 Index hit a …
China home sales set to disappoint in January, could fall by up to 15 per cent in 2024, CGS-CIMB Securities says
Home sales in 30 major cities have dropped by 38 per cent in the first three weeks of this month, financial brokerage says British bank Barclays says contraction in property sales could be wider after…
China Will Curb EV Growth Plans Despite Export Sales Booming
Activity in China’s auto industry has exploded over the last few years and the country recently overtook Japan as the world’s biggest exporter of cars, a position it is sure to hold as it is…
GLOBAL MARKETS-Wall Street set to extend rally amid central bank pause, after China sell off
Wall Street futures point to higher open * PBOC skips rate cut, BOJ, ECB and BOC seen on hold * China, Hong Kong shares slump * Intel, Tesla, Netflix among earnings rush * US GDP,…
Senior Chinese and US finance officials agree to ‘continue to meet regularly’ amid discord
Senior finance officials from the world’s two largest economies pledged to continue communication and deepen engagement after two days of meetings in Beijing concluded on Friday. The third meeting of …
China’s central bank keeps benchmark lending rates unchanged in January
China’s central bank on Monday kept its loan prime rates (LPRs) for January unchanged from the previous month, with the one-year LPR at 3.45 percent and the five-year LPR at 4.20 percent. Observers …
China Market Update: Lack Of Rate Cut Leads Markets Lower
Asian equities were mixed overnight as Japan outperformed, Hong Kong and Mainland China underperformed, and India was off on holiday.
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