House Oversight Committee Chairman James Comer said Wednesday that President Biden in 2017 received $40,000 in “laundered China money” from the bank account of his brother James Biden and …
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Beijing eases rules for home buyers
Photo/VCG] Beijing adjusted polices of housing provident fund loans on Wednesday as part of an effort to loosen restrictions on hous …
Record High Short-Term Interest Rates in China Raise Liquidity Alarm Bells
China’s short-term interest rates reached 50%, causing liquidity concerns; People’s Bank may lower the reserve requirement ratio (RRR).
China’s Property Sector Loans Contract for First Time on Record
The outstanding amount of loans to the property sector fell 100 billion yuan to 53.19 trillion yuan ($7.3 trillion) at the end of September compared with the level a year earlier, according to a …
China doubles down on tried, tested infrastructure spending, but is it still the right fit in a debt crisis?
Central financial work conference vowed to set up a long-term mechanism to resolve debt risks on Tuesday after Beijing’s fiscal revision and treasury bond approval last week Analysts say raising the …
China strengthens capital management rules for banks
BEIJING, Nov 1 (Reuters) – China’s financial regulator is beefing up capital rules for banks to combat financial risks, the National Financial Regulatory Administration said in a statement on …
UPDATE 1-China’s interbank overnight repo rate remains elevated – official data
China’s short-term money rates remained elevated on Wednesday, notably among non-bank financial institutions, as rising government bond supply and the newly approved 1 trillion yuan sovereign bond …
China rate scare reminds watchdogs of hidden risks
HONG KONG, Nov 1 (Reuters Breakingviews) – China’s top regulators can be in no doubt about the scale of financial risks they have been trying to stamp out. As banking watchdogs this week completed a…
China’s new economic tsar faces challenges emulating his predecessor
BEIJING (Reuters) – China’s new “economic tsar” He Lifeng is emerging as one of President Xi Jinping’s most powerful lieutenants, but some sources say he is yet to gain the standing of his predecessor …
China Hopes To Find Its Own SpaceX, Pledges Financial Support To Space Startups
In an effort to rival the United States in outer space, China’s President Xi Jinping is replicating NASA’s strategy of supporting local startups, akin to the approach taken with Elon Musk’s SpaceX.
China’s Financial Squeeze: An Unsettling Surge in Borrowing Costs
China’s financial landscape woke up to a jarring reality this week when overnight borrowing costs for some financial institutions spiked as high as 50%. The sudden surge, a stark departure from the …
China’s Property Developers Cut Prices—and Homeowners Are Resisting
After being stuck in a housing downturn for two years, cities across China are giving real-estate developers the go-ahead to cut prices on new homes to revive sales.They are quickly running into …
China’s Central Bank Drains Liquidity After Overnight Rate Surge
China’s central bank withdrew cash from the financial system, suggesting it sees Tuesday’s abrupt surge in short-term borrowing costs as a temporary disruption. Most Read from BloombergIsrael Latest: …
