Asian markets risk a reprise of financial crisis-level stress as two of the region’s most important currencies crumble under the onslaught of relentless dollar strength.
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CHINA FOCUS: A reason for cautious optimism
In the first half of 2022, the global economy was marked with recession fears, rising inflation and disruptions caused by ongoing geopolitical tensions, officially marking the end of the boom …
China Probes Former Mutual Fund Executive in Anti-Graft Push
Chinese authorities put a former general manager of a local asset management firm under investigation, as the Communist Party further tightens oversight of the financial sector ahead of a key congress …
The financial system is still dealing with the fallout from 2008
The huge amount of quantitative easing required to paper over the financial crisis meant that the Treasury market growth outpaced the ab …
China’s policy bank ups financial support for major projects
The China Development Bank has provided another 150 billion yuan about 2145 billion US dollars to support major infrastructur …
Chinese cities glisten in financial center rankings
Chinese cities have four places in the top 10 global financial centers, according to the latest edition of the Global Financial Centers Index. Chinese cities have four places in the top 10 global …
China lockdown: 22 die of starvation under China’s harsh lockdown in Xinjiang
At least 22 people belonging to China’s repressed Uyghur and Turkic minorities died on one day due to starvation or a lack of medical treatment, it’s been reported.
Hong Kong’s financial services sector pushes for lifting of all Covid-19 restrictions ahead of major industry summit in November
The stakes are high as Hong Kong will host a major financial industry summit in November to signal that the city is ready to fully reconnect with the world.
China plans $4.2 billion fund to buy realty from developers
The fund will “invest in existing assets” of real estate companies and renovate the properties into rental housing, the lender said in a statement to the Shanghai stock exchange on Friday. The fund …
NIO: Beijing Steps In
Beijing made several moves which will directly affect NIO in the following quarters. Click here to see NIO’s potential tailwinds and headwinds and why I’m a bit optimistic now.
China Construction Bank to set up $4 billion fund to finance rental housing
The state-owned lender, which will provide money for the fund, plans to invest in real estate projects and turn them into affordable rental houses, CCB said in a statement late on Friday.
Outflows under China’s Bond Connect jump as US dollar surges
Chinese investors are boosting investment in offshore bonds as the U.S. dollar surges and U.S. interest rates rise sharply, latest data shows, deepening capital flow fears and adding pressure on the …
China Construction Bank to set up $4 billion rental housing fund
China Construction Bank (CCB) said it plans to set up a 30-billion-yuan ($4-billion) fund to finance rental housing, China’s latest state-backed effort to aid the struggling property sector.
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