Ant Group’s consumer finance unit has received approval to more than double its registered capital, a sign of progress in resolving regulators’ concerns.
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China pledges ‘final victory’ over COVID as outbreak raises global alarm
Global health officials tried to determine the facts of China’s raging COVID-19 outbreak and how to prevent a further spread as the government’s mouthpiece newspaper on Wednesday rallied citizens for …
China urges ‘final victory’ over Covid as global concern mounts over spread
As it now dismantles those restrictions, China has been particularly critical of decisions by some countries to impose a requirement for a COVID test on its citizens, saying they are unreasonable and …
China to step up proactive fiscal policy: finance minister
China will facilitate the expansion and improve the effectiveness of the proactive fiscal policy to cope with multiple challenges ahead, a senior official said. The unsolid fundamentals for economic …
Gravitas: China’s financial capital collapses, 70% of Shanghai residents infected with Wuhan virus
Reports say 70% of Shanghai’s residents have been infected with the Wuhan virus. Desperate China has resorted to testing toilet water for infection. Molly Gambhir tells you. Like us on Facebook to see …
Interview: China to step up proactive fiscal policy: finance minister
China will facilitate the expansion and improve the effectiveness of the proactive fiscal policy to cope with multiple challenges ahead, a senior official said. The unsolid fundamentals for economic …
Beijing threatens ‘countermeasures’ on countries requiring Covid tests on passengers from China
Beijing has condemned countries requiring Covid tests for passengers coming from China and threatened its own “countermeasures”. The UK is among the nations that will require those coming from China …
China securities regulator to check brokers’ financing needs after Huatai share plan
A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang …
China’s market watchdog to scrutinise brokers’ fundraising after Huatai’s US$4.1 billion share placement plan
Huatai Securities’ record share placement plan has triggered alarm bells at China’s securities watchdog, as brokerages look to tap the capital market to replenish funds.
China’s reopening is an economic tide that will raise boats across Asia
China’s Covid-19 setbacks are temporary. Its reopening will boost demand for commodities, tourism and luxury goods, lift stock prices and support Asian currencies and economies, especially Hong Kong’s …
Troubled China Evergrande pledges to repay debts in 2023
China Evergrande has pledged to repay its debt this year, as the property giant faces a restructuring following Beijing’s crackdown on excessive borrowing and rampant speculation in the real estate …
China’s bond market issuances top 5.06t yuan in November 2022
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING– Bond issuances in China topped 5.06 trillion yuan ($726.53 b …
China’s economy ends year in major slump as Covid infections surge
Official data over the weekend showed the decline in manufacturing worsened last month, while activity in the services sector plunged the most since February 2020 …
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