There’s a real risk that China is heading down the same path as Japan did in its “lost decade”. This expert says there’s one way to stop it.
Tagged By banking
Jumpstarting an economy through auto finance
China’s top financial regulator is urging lenders to help consumers — especially college graduates — buy more cars.
China beefs up support for real economy
BEIJING: China’s policymakers leverage financial resources to support small and medium enterprises (SMEs), scientific and technological innovation, and green development, thereby boosting economic …
Ransomware Attack On China’s Biggest Lender ICBC Rattled Wall Street, Halted Trades
The U.S. branch of the Industrial and Commercial Bank of China (ICBC) was hit with a ransomware attack last week that rattled Wall Street, halted Treasury trades and raised concerns about the Treasury …
China’s biggest bank paid ransom to halt attack, Lockbit hackers claim
The bank’s US arm was hit by a ransomware attack that disrupted trades in the US Treasury market last Thursday.
Bank of America’s Top China FIG Banker Hsueh Is Said to Depart
Bank of America Corp.’s head of investment banking for its financial institutions group in greater China, Michael Hsueh, has left the US lender, according to people familiar with the matter.
Alibaba and JD’s decision to withhold Singles Day data punctures last chance to see a China consumption revival this year
A postman sorts parcels at the Postal Express logistics business department in Lianyungang, Jiangsu province, China on Nov. 12, 2023. Chinese postal companies handled 600 million packages on Singles …
China Oct new bank loans fall to 738.4 bln yuan, beat forecasts
BEIJING, Nov 13 (Reuters) – Chinese banks extended 738.4 billion … Broad M2 money supply grew 10.3% from a year earlier, central bank data showed on Monday, in line with analyst forecasts in the …
Senators propose China disclosure rule for private equity
Private equity and venture capital funds could be facing more regulations on their investments into China, due to a new bill introduced by Sens. Bob Casey (D-Pa.) and Rick Scott (R-Fla.). Why it …
This year’s Biden-Xi summit has better foundation but South China Sea and Taiwan risks won’t go away
The course of events in the year since the last meeting between Presidents Joe Biden and Xi Jinping offers cautious hope that they will have better luck this time around.
China Oct new bank loans fall sharply, above forecast
New bank lending in China fell less than expected in October from the previous month, even after policymakers ramped up measures including cutting banks’ reserve requirement ratios to get the shaky …
China Injects $130 Billion Into Financial System As Year-End Liquidity Crunch Looms
China is set to bolster its financial system with a hefty infusion of funds this week, amid concerns over a looming year-end liquidity squeeze. The Peoples Bank of China (PBOC) is expected to offer …
China Set to Add Liquidity Support to Stave Off Cash Squeeze
China will probably add more cash into the financial system this week as the largest amount of policy loan in a year come due. Some market watchers also expect a near-term reduction in banks’ reserve…
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