The drop in China’s exports moderated further in September, adding to cautious optimism that some parts of the world’s second-biggest economy are stabilizing.Most Read from BloombergIsrael Latest: UN …
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China Cracks Down on Cross-Border Financial Flows, Offshore Trading
China on Thursday ordered its securities firms with offshore operations to stop taking on mainland investors as clients, as part of a crackdown against offshore trading and an effort to plug …
Property crisis pushes China to increase financial risk monitoring, asset disposal for troubled small banks
Commercial banks and rural financial institutions will be helped to dispose of bad assets and loans, while also having their capital replenished through multiple channels Beijing is striving to establish a high-quality inclusive financial system…
US working to stabilise China ties, envoy Nicholas Burns says while questioning Beijing’s peace efforts in Middle East, Ukraine
The US will continue communicating with China to find ways towards “peace and coexistence” despite increasing competition, said its top envoy to Beijing, while at the same time questioning Beijing’s …
Beijing Fund Buys Bank Shares to Bolster Investor Confidence Amid Economic Concerns
In a strategic move to bolster investor confidence and stabilize the stock market, China’s sovereign wealth fund, Central Huijin Investment Ltd, has increased its stake in four of China’s largest …
Sri Lanka says it has deal with China EXIM bank covering $4.2 billion of debt
Sri Lanka has reached an agreement with the Export-Import Bank of China to cover about $4.2 billion of the island nation’s outstanding debt, its finance ministry said in a statement on Thursday. Sri …
China sovereign wealth fund raises stake in ‘Big Four’ banks
China’s sovereign wealth fund Central Huijin Investment marginally raised its stake in the country’s four biggest banks for the first time since 2015, kindling hopes that authorities will step in to …
Sri Lanka says it has reached an agreement with China’s EXIM Bank on debt, clearing IMF funding snag
Sri Lanka says that it has reached an agreement on key terms and principles on its debt restructuring with the Exim Bank of China.
Is the next subprime crisis brewing in China’s property market?
The slowdown in China’s asset-backed securities is raising fears of a repeat of 2008, when the complex, opaque products triggered a domino effect China’s potential trouble could start with the …
Beijing fund buys China bank shares in show of support for stock market
The state-controlled Central Huijin fund invested more than Rmb477mn ($63mn) in China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China and Bank of China. Shares …
Ex-boss of China banking giant arrested for taking bribes
Former China Everbright chairman Li Xiaopeng was also expelled from the Communist Party in the anti-corruption drive.
China’s timid bank buying sends rescue signals
China is responding. Economists and fund managers have been lobbying for Beijing to buy stocks directly to prop up the country’s equity markets which has been slammed by outflows. The call was partly …
Chinese Bank Stocks Gain After State Fund Raises Stakes — Update
By P.R. Venkat Chinese bank stocks rose after a state fund raised its stakes in the country’s four biggest banks, boosting hopes that Beijing will step …
