China’s post-Covid economic issues are worsening as stocks hit a five-year low today. The onshore equity benchmark has been pushed to its lowest in nearly five years, testing the resolve of investors …
Tagged By banking
China’s corruption busters shame city boss for wasting US$21 billion on vanity projects that failed and ran up heavy debts
CCTV documentary featuring former Guizhou official who left a city at risk of default suggests that the country’s graft watchdog will target the misuse of public funds this year.
Xi Vows to Deepen China’s Sweeping Anti-Corruption Crackdown
China’s President Xi Jinping pledged to deepen the country’s anti-corruption crackdown, particularly in capital-intensive sectors, and will increase punishment for people who offer bribes.
A Chinese shadow bank is the latest casualty of the country’s real estate crisis, declaring bankruptcy with up to $65 billion in debt
Zhongzhi Enterprise Group is one of China’s largest shadow banks, which are financial institutions that operate outside of traditional banking rules.
China’s top anti-graft body to intensify scrutiny in finance, SOEs, healthcare, and more fields
The Central Commission for Discipline Inspection (CCDI) of the Communist Party of China (CPC) and the National Commission of Supervision (NCS), the country’s top anti-graft body, has pledged to …
Turkey’s Ziraat Bank secures $500 mln financing from China’s Eximbank
Turkish state lender Ziraat Bank said on Monday it had secured $500 million financing with the Export-Import Bank of China.
Shadow bank Zhongzhi files for bankruptcy as China’s debt and property crisis deepens
China’s shadow banking conglomerate Zhongzhi Enterprise Group filed for bankruptcy liquidation late on Friday.
Hong Kong leads losses in Asia markets, China shadow bank Zhongzhi files for bankruptcy
The mainland Chinese CSI 300 was down 0.89% after shadow banking conglomerate Zhongzhi Enterprise Group filed for bankruptcy liquidation late Friday.
China seeks to ease video game industry’s fears of another crackdown
Beijing is acting quickly to ease fears of another regulatory crackdown on China’s video game industry, including firing a prominent official and convening consultations on new measures at short …
Australia pushes to reform China-led development bank
The Asian Infrastructure Investment Bank has been criticised for having alleged Chinese Communist Party influence among its upper ranks.
China Says It Caught Foreign Consultant Spying for UK’s MI6
(Bloomberg) — China has detained the head of an overseas consulting firm for allegedly spying on the Asian nation for the British government, putting renewed focus on an industry targeted by …
China forex reserves up to record $3.238 trillion in December: CB
China’s foreign exchange reserves rose in December, official data showed on Sunday, as the dollar fell against other major currencies.
South Korea Watchdog Intensifies Crackdown on China-Linked Notes
South Korea’s regulator will launch a wider probe into local banks and brokers which sold exotic notes linked to Chinese stocks amid concerns that the securities may saddle investors with heavy losses …
