Chinese stock market entered its fourth straight year of downturns in 2024, losing $6 trillion since peaking in 2021.
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How China’s stock rout was 8 years in the making
Beijing pulled out all the stops to halt the financial haemorrhaging. This time, amid debt and property crises and doubts over reforms, investors wonder why Beijing has been dragging its feet …
Chinese markets rally on report Beijing considering £222bn state rescue plan
Authorities could use 2tn yuan from offshore accounts of state firms to buy shares after big falls in stocks …
Pummeled China ETFs jump after report Beijing may support its ailing stock market
Beijing’s financial work conference recently sparked investor fears that a regulatory “crackdown” on China’s financial sector may be coming, Marko Papic, chief strategist at Clocktower Group, told …
China further opens up financial market with 10 foreign firms approved for underwriting
China’s National Association of Financial Market Institutional Investors (NAFMII) said on Tuesday that 10 more foreign-funded institutions have been approved as lead underwriters or underwriters of …
Bank of America cuts 20 staff in Asia, China-focused bankers affected most- sources
Bank of America on Tuesday announced job cuts of around 20 bankers in Asia, three sources with knowledge of the matter said, as plunging markets in China and Hong Kong weighed on deal prospects. The…
China’s Market Rescue: A Bold $278 Billion Stabilization Plan In Play Amid Deepening Crisis
Chinese authorities to assemble a rescue package to stabilize stock market amid sharp declines, intensifying urgency to curb selloff.
Investors give up futile wait for China to fix economy
Allspring has been underweight China since last year. This week’s selloff was a culmination … Rodrigo Campos is based in New York. He covers economic and financial news from global emerging markets …
Stocks hover near one-month highs, China markets struggle
Global stocks inched down from one-month highs on Tuesday, after the Bank of Japan left monetary policy unchanged, bolstering the yen and Japanese stocks, while Chinese investors took little heart …
Bank of America cuts 20 in Asia, China investment bankers affected most – sources
Bank of America on Tuesday announced layoffs of around 20 bankers in Asia, said three sources with knowledge of the matter, becoming the first major bank to downsize in 2024 as China and Hong Kong…
China’s desperate measures to save Hang Seng, Shanghai index near
The Hang Seng and Shanghai Composite bounced back on Tuesday as the recent sell-off eased. In Hong Kong, the Hang Seng index surged by almost 3% while in Mainland China, the Shanghai Composite and …
Yen falls as BOJ stands pat; China market rescue talk helps yuan, Aussie
The yen fell broadly on Tuesday after the Bank of Japan (BOJ) maintained its ultra-loose monetary policy in a closely watched policy decision, matching market expectations. The Japanese currency was …
China Citic Bank’s 2023 Profit Rose Despite Weaker Top Line
By Kimberley Kao China Citic Bank’s net profit rose 7.9% in 2023, even as its top line fell. The China-based lender posted net profit of 67.02 billion …
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