China has agreed to reschedule over USD 2 billion debt of Pakistan for a period of two years, providing a major relief to the cash-starved government, which is in the process of rebuilding foreign …
Tagged By banking
China’s Fiscal Spending Growth Slows in First Half
Government fund income slid 16 percent to CNY2.35 trillion (USD327.9 billion) in the first half from a year ago, according to the data. Revenue from local government land sales, which accounts for …
Foreign visitors to China can finally go cashless like locals
You can finally enjoy the seamless, cashless payment experience that you may have heard about for years and avoid the awkward interaction of asking your local friends to pay and giving them paper …
China Is in Default on a Trillion Dollars in Debt to U.S. Bondholders. Will the U.S. Force Repayment?
Every country should pay its sovereign debt. Default, we are told, is not an option. But has anyone told China? The United States pays interest on approximately $850 billion in debt held by the People…
Zambia Debt Deal Could Be a Template for Future Cooperation Between China and the West
In Zambia’s case, there is a contingency in the official creditor deal allowing for the interest rate paid on its debt to rise from a maximum of 2.5% to 4% if the country’s economy outperforms…
China could relax property curbs to boost residential market in the nine mainland cities in the Greater Bay Area, Cushman says
Experts say Beijing may unveil further relaxation measures that could increase residential market transactions in the nine mainland cities in the Greater Bay Area, after volumes slumped in the second …
China to sell US$1.7 billion of government bonds in Hong Kong in August to promote yuan’s internationalisation, tap cheaper money
Beijing will sell 12 billion yuan of offshore bonds as it continues its efforts to promote the yuan internationally Demand for yuan-denominated financial products is rising as countries from Brazil to …
Hong Kong, mainland regulators agree to enhance wealth management and bond connect schemes during three-day Beijing visit, HKMA CEO says
Authorities in Hong Kong and mainland China are in consensus on a number of measures that will enhance the cross-border Wealth Management Connect and Bond Connect schemes, the city’s de facto central …
Xinhua Headlines: Six things to watch in China’s economy
China has carried out a raft of measures to reassure entrepreneurs, including removing more barriers in market access, further reducing taxes and fees to save 1.8 trillion yuan for businesses this …
Hong Kong, mainland China regulators agree to enhance wealth management and bond connect schemes during 3-day Beijing visit, HKMA CEO says
Details about changes to the wealth management and southbound bond connect schemes to be announced ‘soon’, HKMA CEO Eddie Yue says Mainland officials support the strengthening of Hong Kong’s …
Tech, China, Central Bank Outlooks Blunt Asian Stock Markets
Asian stock markets were largely mixed and muted Friday as traders awaited stimulus signals from Beijing and weighed tech-sector values. Pending meetings by three major central banks next week, the …
Vincent Boland: Trouble in China could signal problems for the global financial system
For two decades the world’s second largest economy has seen relentless growth but now it appears to be stalling – or worse, its boom could be over entirely …
China issues draft to ease rules on foreign investment in asset management firms
China’s National Financial Regulatory Administration (NFRA) on Friday issued a draft on easing rules on foreign investment in asset management businesses as part of efforts to attract overseas …
