The United States must employ “all the tools at our disposal” to outcompete China, a top U.S. State Department official said on Monday, as the Biden administration unveiled its budget request for the …
Tagged By banking
South Korean bankers misrepresented risky China-linked notes to retirees, financial watchdog says
The announcement follows a months-long investigation by the FSS into some of the nation’s most prominent retail lender and brokerages.
Beijing’s ‘White List’ Answer To China Property Crisis Is Insufficient
China’s property crisis has created a huge financial mess that needs much time and effort to clean up. Beijing’s “white lists” are inadequate in the extreme..
Why China Stocks Alibaba, JD.com, and PDD Holdings Were Climbing Today
It will still be an uphill climb for China stock investors, but shares of top Chinese tech stocks have fallen so far that it won’t take much to give them a lift. As a result,…
China to launch more equity investment pilots to support sci-tech enterprises
Photo by Kuang Linhua/chinadaily.com.cn] Focusing on financial asset investment companies, China plans to launch more pilots for equity investment and thereby provides stronger support for sci-tech …
How China Changed Under Xi Jinping, Explained in 12 Charts
Since he took over running the country in 2012, Chinese President Xi Jinping has personalized power to an extent not seen in decades. That also means he’s more accountable than ever for hitting the …
South Korea watchdog finds wrongdoings in sales of China equity derivatives
South Korea’s financial market watchdog said on Monday it has found wrongdoings by financial firms selling derivatives linked to a Hong Kong stock market index. “The inspection result shows there was …
Australian Writer’s Death Sentence in China May Not Be Executed
China’s ambassador to Australia suggests that imprisoned Australian writer Yang Hengjun may avoid execution if he commits no further crimes.
Banks Balk at China Vanke Loan Terms in Hurdle for State Support
China Vanke Co. is facing resistance from the nation’s two largest banks on a new HK$4.5 billion ($575 million) offshore loan, according to people familiar with the matter, in a major test of state …
Exclusive-China asks large banks to support Vanke in rare intervention, sources say
HONG KONG/SHANGHAI/BEIJING (Reuters) -China has asked banks to enhance financing support for state-backed China Vanke and called on creditors to consider private debt maturity extension, in a rare …
Watchdog Says Bankers Misrepresented Risky China-Linked Notes to Korean Retirees
South Korea’s financial watchdog said a probe found that some of the country’s largest brokers misrepresented risky China-linked structured products to retail investors, and it is considering remedies …
China’s annual parliamentary meeting has ended. Here are the key takeaways
China’s weeklong annual parliamentary meetings ended on Monday … At the 2023 parliamentary meeting, Beijing announced an overhaul of finance and tech regulation by establishing party-led commissions …
Morning Bid: Are China’s inflation, capital flows tides turning?
Signs of fatigue on Wall Street and mixed Chinese inflation data will set the tone for Asian markets on Monday, with growing expectations of a landmark policy change later this month from the Bank of…
