China’s slowdown is aggravated by two other significant factors. The first is a fast-deteriorating debt condition. This has two components—local government debt and corporate debt, the latter …
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China’s Xi visits financial hub Shanghai in first trip in three years
China’s President Xi Jinping visited Shanghai, where he went to several venues and learned about the city’s efforts to strengthen its competitiveness as an international financial center, Xinhua news …
China launches criminal probe into ‘insolvent’ shadow bank
The troubles besetting one China’s biggest privately-owned financial conglomerates have deepened with Zhongzhi now at the centre of a criminal investigation.
HSBC CEO says bank ‘well provisioned’ for any further China real estate losses
HSBC is well provisioned against further China real estate losses, its CEO Noel Quinn said on Wednesday, amid a slump for the country’s property market that has led to bank writedowns in recent …
The Future of China’s Financial System
Last month’s Central Financial Work Conference underscored areas where China’s central government should intervene to strengthen and stabilize the economy, from restoring local-government balance …
Billionaire Ray Dalio thinks tech investors will have to choose between the U.S. and China: ‘The technology war isn’t going away’
But sinking tensions between Washington and Beijing are now forcing investors to pick sides. In August, the Biden administration barred U.S. investors from investing in Chinese companies working in …
Foreign-funded companies upbeat about China’s insurance brokerage business
Two foreign-funded insurance brokerage companies have obtained permits for insurance brokerage business in China marking the expansion of the country …
Hill leads talk on China’s economic future
An issue in understanding China’s economic forecast is the lack of available data; financial information is becoming difficult to access in an approach Blanchette described as an “epistemological …
China new home prices now seen climbing this year after policy steps
Prices of new homes in China are now expected to climb 3% this year after a slew of policy measures to support the country’s beleaguered property market, up from earlier expectations for prices to be…
Debt-laden China’s local governments scramble to rescue small banks with $21 bln in special bonds
Local governments in China have sold record amounts of so-called special bonds this year to inject capital into struggling smaller banks, as authorities seek to contain spillover risks from a …
China sees an ETF boom as investors wait for stocks to trough
Chinese stock investors are ploughing money into exchange-traded funds (ETFs) this year at the fastest pace on record as they choose to play a languid stock market passively and wait for it to trough.
UPDATE 1-China’s Nio teams up with Geely on auto battery swapping
Nio, with a plan to nearly double the total number of such stations in China this year, is one of a handful of EV makers betting on battery swapping as a major power option for…
How China’s lottery boom reflects a ‘long and challenging road’ to its economic recovery
Shifting consumption habits among Chinese consumers show how their risk appetites are changing, and many are willing to spend a small amount on the slim chance of a life-changing payout China’s …
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