This article was originally published on ETFTrends.com. Despite a China country-specific exchange traded funds slipped Monday after new data showed the Chinese economy was suffering under Beijing …
Tagged By banking
China banks to repay more customers after protests
Chinese regulators on Friday offered repayments to more customers of rural banks whose withdrawals were frozen, in the ongoing saga of one of the country’s biggest-ever banking scandals that triggered …
The Countries Most In Debt To China [Infographic]
Chinese loans to developing nations—affecting many in Africa, Asia and the Pacific—have high interest rates and short repayment windows. These “commercial-style” loans are harder to repay and less …
China Sentences Tycoon Xiao Jianhua to 13 Years, Fines His Company $8.1 Billion
A Shanghai court on Friday sentenced Chinese- Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record …
China looking at banks’ real estate loan portfolios as crisis deepens
The property loan portfolios of some local and foreign banks in China are under the regulator’s lens, Reuters reported citing sources.
China jails Canadian tycoon for 13 years for finance crimes
Xiao Jianhua was convicted of misusing billions of dollars of deposits from banks and insurers controlled by his Tomorrow Group and offering bribes to officials, the Shanghai No. 1 Intermediate People …
China sentences billionaire Xiao Jianhua to 13 years in prison, fines group $11.2 billion
BEIJING – A Shanghai court said on Friday (Aug 13) that it had sentenced Chinese-Canadian billionaire Xiao Jianhua to 13 years in prison and fined his Tomorrow Holdings Co conglomerate a record 55.03 …
China court sentences Chinese-Canadian billionaire Xiao to 13 years in prison
A Shanghai court said on Friday that it had sentenced Chinese-Canadian billionaire Xiao Jianhua to 13 years in prison and fined his Tomorrow Holding conglomerate 55.03 billion yuan ($8.09 billion).
China offers NE province financial support to restore flood-hit infrastructure
The investment, amounting to 62 million yuan (about 9.11 million U.S. dollars), will be specifically used to restore the infrastructure and public service facilities damaged by heavy rains and floods …
China court sentences Chinese-Canadian billionaire Xiao to 13 years in prison
A Shanghai court said on Friday that it had sentenced Chinese-Canadian billionaire Xiao Jianhua to 13 years in prison and fined his Tomorrow Holding conglomerate 55.03 billion yuan ($8.09 billion).
Solomon Islands secures US$66mil Chinese loan for Huawei deal
Solomon Islands said Thursday (Aug 18) that it had secured a US$66 million loan from China to fund tech giant Huawei building 161 telecommunications towers across the Pacific nation.
China funds Huawei’s Solomon Islands deal in sign of countries’ deepening ties
China’s Huawei has signed a deal to build 161 telecoms towers across the Solomon Islands in a sign of strengthening ties between the Pacific nation and Beijing just months after they agreed a …
Solomon Islands to borrow nearly $100m from China to deploy more than 100 mobile towers
The Solomon Islands has outlined its intentions to deploy more than 100 cell towers with the help of a loan amounting to $100 million from a Chinese state-owned bank. There’s plans for the deployment …