The auto finance arm of China’s state-owned automaker FAW Group has launched a loan programme with no down payment, becoming one of the first providers to make such a move since the removal of …
Tagged By banking
Price Wars, Foreign Counterstrike: What’s Ahead At The Beijing Auto Fair
Beijing will be center of attention in the global auto industry later this month with the opening of China’s most important exhibition this year, Auto China. The stakes are big for domestic brands …
China-US financial group meets in Washington
The China-US Financial Working Group held its fourth meeting co-chaired by Xuan Changneng, deputy governor of the People’s Bank of China, and Brent Neiman, assistant secretary of the US Department of …
China Starts Inspections of Financial Regulators, Largest Banks
China kicked off new anti-graft inspections of some of its largest state lenders, the central bank and key regulators, the first broad probe since a round in 2021 that sent shock-waves through the …
Rinehart’s New Attack On China’s Rare Earth Dominance
Australian iron ore billionaire Gine Rinehart has revealed a 5.82% stake in Lynas Rare Earths, lifting the lid a little more on her rare earth plans.
Report: China continues to subsidize deadly fentanyl exports
Fentanyl made from Chinese chemicals is killing tens of thousands of Americans. A House committee report found new evidence the Chinese government supports tax breaks to subsidize the drug trade.
China’s overproduction of clean energy goods needs to be mitigated, Yellen says
U.S. Treasury Secretary Janet Yellen said on Tuesday that China’s massive investments in advanced manufacturing of clean energy goods have resulted in an unfair playing field that puts American workers and businesses at risk,
Fitch cuts outlook for Chinese state banks from stable to negative citing Beijing’s limited capacity to support them
Fitch Ratings has lowered its outlook for China’s state-owned banks from stable to negative a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the …
China advances financial services for manufacturing industry
China will step up efforts on enhancing financial services for the manufacturing industry, to facilitate the advancement of new industrialization, according to a circular unveiled on Tuesday.
Xi warns Scholz against economic protectionism at Beijing meeting
Chinese President Xi Jinping has warned German Chancellor Olaf Scholz against protectionist economic measures during a meeting at the State Guest House in Beijing. Germany and China depended on …
Fitch cuts outlook for China’s state-owned banks from stable to negative citing Beijing’s limited capacity to support them
The move by Fitch Ratings comes a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the world’s second largest economy and concerns over Beijing’s capacity to support its…
China urges banking, financial institutions to boost support for manufacturing
China’s regulators today urged banking and financial institutions to have separate credit plans for the manufacturing sector, according to a
China Calls for More Financial Support for Manufacturing Sector
Chinese regulators have urged the nation’s financial institutions to step up financial support for the manufacturing sector, a move that comes amid …
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