Chinese authorities told the nation’s state-owned banks, insurers and sovereign wealth fund to further curb compensation for their senior executives and slash expenses including travel as they step up …
Tagged By banking
China State-Backed Builder’s Dollar Bonds Slump as Worries Mount
Dollar bonds of a state-backed Chinese builder fell by record amounts Thursday, following several months of declines as repayment worries have circled even developers partially owned by the government …
Live news updates: Toyota profits almost halve amid inflation and China lockdowns
Rolls-Royce reduced its cash outflow by more than £1bn in the first half of the year but cautioned that the external trading environment remained challenging, citing rising inflation and supply chain …
Foreigners cut China debt, dump equities in July – IIF
Foreign investors continued to cut holdings in Chinese bonds in July and dumped equities for the first time in four months, according to a report by the Institute of International Finance (IIF).
China State Grid Will Start Work on $22 Billion of UHV Power Lines
(Bloomberg) — State Grid Corp. of China will start building several new long-distance power lines as the nation bolsters its clean energy ambitions while accelerating infrastructure spending to …
Xinhua Finance: Opening of 2022 Jiangbeizui New Financial Summit Brings Huge Strategic Opportunities for Building a Western Financial Center
On July 27th, the opening ceremony of the 2022 Jiangbeizui New Financial Summit was held at the Jiangbeizu International Fashion Center in Chongqing. With the theme of “Empowering Two High-Quality …
Explainer: Central bank’s policy toolbox to consolidate economic expansion
With steady efforts to carry out prudent monetary policy, provide more financial support for the real economy and forestall financial risks, China’s central bank has effectively used its policy …
Beijing moves to cap financial sector pay again, with finance ministry urging firms to balance incomes of senior staff, frontline employees
Ministry places limits on base salaries and bonuses of senior staff Notice says it applies to a range of financial institutions, including state-backed institutions and sovereign wealth funds Beijing …
China shores up smaller banks with fresh $47bn injection
The Chinese government is injecting 320 billion yuan ($47 billion) in public funds into small and midsized banks in a bid to help regional lenders reeling from the economic slowdown. The capital …
Beijing’s threats resonate inside China.
Even so, the goal of absorbing Taiwan into China is widely shared by many Chinese people, and the online mood reflected support for Beijing’s combative position. “The Liberation Army is clearly …
China Focus-Explainer: Central bank’s policy toolbox to consolidate economic expansion
With steady efforts to carry out prudent monetary policy, provide more financial support for the real economy and forestall financial risks, China’s central bank has effectively used its policy …
China mulls allowing foreign multinationals to establish finance companies
Foreign multinational groups will be able to establish finance companies directly or through foreign-funded investment companies established in China, according to a draft document released by the …
Rand rises; China’s response to Pelosi visit not as severe as feared
In early trade the rand was at R16.68 to the dollar, nearly 1% stronger than its previous close. On Tuesday it lost almost 2%.
