China said it will set up a system to resolve debt risks of its local governments, as state leaders and top bankers wrapped up a two-day, closed-door meeting to set the priorities for the $61…
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China to step up financial supervision to cut risks
China will step up financial supervision to prevent and resolve financial risks, state media reported, citing a key twice-a-decade financial policy meeting that ended on Tuesday.
China Development Bank disbursed 7 bln yuan to Egypt’s central bank
The China Development Bank on Monday disbursed a 7 billion yuan ($956.61 million) loan agreement with Egypt’s central bank, according to a statement released by the Beijing-based bank on Tuesday.
China Development Bank disbursed $956.61mln to Egypt’s central bank
The agreement was signed during the third Belt and Road Forum held in Beijing earlier this month, the statement said …
China Eases Insurers’ Evaluation Criteria in Bid to Boost Stocks
China has taken a move that effectively allows insurance firms to make longer-term investment in shares, adding to a drumbeat of support measures to revitalize the country’s stock market.
FirstFT: Li Keqiang mourning creates sensitive moment for Beijing
Also in today’s newsletter, Israeli forces push deeper into Gaza and China delays $69bn Broadcom-VMware merger …
China holds finance forum as economy wobbles
China’s leaders are expected to search for ways to mend the country’s fractured property market, create jobs for millions of unemployed youths and spur faster growth in a meeting that reportedly began …
China’s Real-Estate Crisis Has Peaked, Says HSBC CEO
(Andres Kudacki/Associated Press) The worst of China’s real-estate crisis is over, the chief executive of global banking giant HSBC said Monday. CEO Noel Quinn told reporters, after the bank reported …
China’s Top Leaders Convene in Beijing to Tackle Debt Crisis and Strengthen Party Supervision
China’s top leaders are gathering in Beijing for a two-day national financial work conference … and supporting the private sector. The Central Finance Commission is expected to create a top-down …
Xi Seen Tightening Grip on Finance at Twice-a-Decade Conference
President Xi Jinping is set to further tighten his control of China’s $61 trillion financial industry as he gathers state leaders and top bankers to set the direction over the next five years.
China economy ‘contagion’ warning with borrowers on ‘life support’ after bank’s £576m loss
The UK-based bank had made a “thumping loss on a flagship investment”, said British tax consultant Bob Lyddon.
Bank of China Profit Rises 3.3% With Margins Narrowing
(Bloomberg) — Bank of China Ltd. reported a 3.3% increase in its third-quarter profits, as margins narrowed. Net profit rose to 54.8 billion yuan ($7.5 billion) from 53.02 billion yuan a year earlier …
More China companies buyback shares as Beijing seeks to stabilise market
More than 30 Chinese listed companies unveiled share buyback and purchase plans over the weekend while major mutual fund house E Fund Management Co said it would invest in its own product as Beijing …
