By limiting access to the world’s best hedge funds, China is allowing its home-grown inexperienced managers to thrive and create havoc.
Tagged By banking
As China Expands Its Hacking Operations, a Vulnerability Emerges
China used its intelligence services and contractors tied to … them a deep understanding into who worked on what inside the U.S. government — and what financial or health or relationship troubles …
China’s Economic Instability Worsens And Heads Towards 2008-Era Conditions — ‘Like The U.S. Financial Crisis On Steroids’ Says Hedge Fund Titan Amid Real Estate Meltdown
Yet, not all views are bleak. The Institute of International Finance maintains a more optimistic forecast, suggesting China has the policy capacity to achieve its growth potential, with a prediction …
China on brink of all-out spy war with CIA as agency warns Beijing top challenge for US
China is on the brink of an all-out spy war with the United States as its top spy agency slammed the CIA for branding Beijing as the top challenge facing the United States. The Ministry…
Huaxia Bank reports 5.3 pct growth in 2023 net profits
BEIJING, Feb. 22 (Xinhua) — Mid-size Chinese lender Huaxia Bank reported steady growth in net profits last year. The bank raked in 26.36 billion yuan (3.71 billion U.S. dollars) in net profits, up …
Could China’s economy-boosting infrastructure plans throw a contradictory monkey wrench in the works?
China’s Ministry of Finance said in November that the outstanding debt held by local governments had reached a record high in October, surpassing 40 trillion yuan. The previous record high was about …
Giant leak reveals Chinese infosec vendor I-Soon is one of Beijing’s cyber-attackers for hire
Other material appears to see I-Soon bid for work in Xinjiang – a province in which Beijing persecutes the Muslim Uyghur population … devices I-Soon employs – including a poisoned power bank that …
HSBC suffers $3bn hit to China operations amid property crisis
HSBC suffered a sharp slide in quarterly profits in the final three months of 2023 after a series of “messy” financial hits, including a $3bn (£2.4bn) hit to its China division. The slowdown across …
China Deals $3 Billion Blow to HSBC
LONDON—HSBC bet big on China to fuel its growth, a move that has now come back to bite it. The banking giant said it lost $153 million in the final three months of last year,…
HSBC’s shares slide as $3 billion China bank hit mars record profit
HSBC Holdings on Wednesday reported a shock $3 billion charge on its stake in a Chinese bank amid mounting bad loans in the country, sending the British bank’s shares plunging and taking the shine off…
China Slowdown Deals $3 Billion Blow to HSBC
LONDON—HSBC bet big on China to fuel its growth, a move that has now come back to bite it. The banking giant said it lost $153 million in the final three months of last year,…
HSBC shares dive after $3 billion writedown of China bank stake
HSBC led the London market lower on Wednesday after a $3 billion hit to its operations in China saw the banking giant’s quarterly profits dive 80%. HSBC also said it would also add $200 million…
‘Deeply sorry’: China hedge fund apologises after trading ban for ‘market disruption’ in first punishment since Beijing’s vow to stem stock rout
An award-winning Chinese quant hedge fund has apologised to markt authorities and investors, after being punished with a trading ban for dumping stocks on local bourses, the first known case since the …
