Deep and widespread pay cuts have hit China’s financial sector as Beijing seeks an honest and trustworthy, righteous pursuit of profits to support the economy.
Tagged By banking
China’s June consumer inflation misses expectations amid weak demand
China’s consumer prices grew for a fifth month in June but missed expectations, while producer price deflation persisted, as government support measures set a bumpy recovery in motion for the world’s …
China’s central bank arms itself for rare bond market intervention
The PBoC has warned repeatedly since April against the bond-buying frenzy. In mid-June PBoC governor Pan Gongsheng said yields were too low and other central bank officials also told state media that …
China Bond Traders Draw Red Lines as PBOC Gears Up to Calm Rally
Bond traders are getting ready for China to start pushing back on record-low yields, with the central bank now armed with “hundreds of billions” of yuan of securities at its disposal to sell.
Beijing steps up fight vs financial fraud
In a concerted effort to fortify the integrity of China’s capital markets, Chinese authorities have rolled out a robust framework to curb financial fraud and enhance market discipline.The document was …
India races to build power plants in region claimed by China, which could add to tensions
Sources said India plans to build 12 hydropower projects in Arunachal Pradesh, which it says is an integral part of the country, but China claims it is a part of southern Tibet.
China to invest $800B in creaking electricity grid to speed up green transition
Beijing hopes the record spend will help China fully capitalize on its lead in the global green energy transition.
China’s central bank faces a dilemma that also explains Beijing’s economic woes
The yuan has had a tough time of late. It has weakened more than 10 per cent against the dollar since the Federal Reserve began raising rates in March 2022. That has left it trading…
Trump’s policies paint a ‘negative picture,’ yet his willingness to ‘cut deals’ may help with China, says the CEO of Southeast Asia’s largest bank
A s of now, U.S. voters face a choice between President Joe Biden and former president Donald Trump in presidential elections this November. And business leaders around the world—including in …
Exclusive-India races to build power plants in region claimed by China, sources say
India plans to spend $1 billion to expedite the construction of 12 hydropower stations in the northeastern Himalayan state of Arunachal Pradesh, two government sources said, a move that could raise …
Pakistan To Approach China To Restructure Its $15 Billion Energy Debt: Report
Pakistan has decided to approach its all-weather ally China with a formal request to restructure its USD 15 billion energy debt to help the cash-strapped country wriggle out of its financial woes.
Finance Minister to Visit China This Week For $15 Billion Energy Debt Restructuring
Finance Minister Muhammad Aurangzeb will go to China this week seeking restructuring of $15.4 billion Chinese energy debt. Planning Minister Ahsan Iqbal …
Asia investors wager on region’s rebound, China recovery
Asia’s rich and their bankers said they are backing an eventual recovery in China and betting exposure to a region that even in a slowdown is the fastest-growing in the world will pay off.
