Several multinationals in the second quarter have all cited weakness from the Chinese market as a challenge they’ve either been hindered by or have to overcome.
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Billionaire Jack Ma to cede control of financial tech giant Ant Group
A regulatory crackdown that scuppered its $37 billion IPO in 2020 led to a forced restructuring of the financial technology behemoth.
Financial Times: Central Bank of China plans to allocate up to $148 billion to rescue the real estate sector
Beijing is trying to mobilize up to 1 trillion … which played a big role in reducing annual growth to just 0.4% in the second quarter, the People’s Bank of China will initially lend about…
Billionaire Jack Ma to cede control of financial tech giant
A regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a forced restructuring of the financial technology behemoth.
China Bank H1 earnings jump 39% on record Q2
China Banking Corp. boosted its earnings by 39 percent to P10.1 billion in the first half, from P7.3 billion in the same period last year, after hitting a record P5 billion in the second quarter.
Iron ore price hits 4-week high boosted by rebounding steel margins in China
Twelve blast furnaces in China have resumed operations as margins improved, Chinese metals information provider SMM reported.
China Targets $148 Billion in Financing for Cash-Strapped Developers – FT
China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as it tries to revive the debt-stricken sector …
Asia credit investors feel the pain of China property exposure
China’s crisis-hit property sector has driven underperformance this year in some Asia-focused credit funds, including one led by a former Lehman Brothers portfolio manager, pummelling their returns …
China Economic Review Jul. 28
Recently, China released the New Urbanization Implementation Plan during the 14th Five-Year Plan period (2021-25), which comprehensively deployed the goals, tasks, policies and measures to promote new …
China’s central bank seeks to mobilise $148bn bailout for real estate projects
Beijing is seeking to mobilise up to Rmb1tn ($148bn) of loans for stalled property developments, in its most ambitious attempt to revive the debt-stricken sector and mollify home buyers who are …
China’s central bank targets $148 billion in financing for cash-strapped developers – FT
A key pillar of the world’s second-largest economy, China’s property sector has been lurching from one crisis to another, and has been a major drag on growth over the past year. A revolt by homebuyers…
China Banks Rush to Raise Record Debt as Credit Losses Mount
Chinese banks are rushing to boost capital as they prepare for a potential spike in bad loans due to the economic slowdown and spreading housing crisis. Most Read from BloombergRockstar Games Cleaned …
China’s Blistering Heat Strains Power Grids and Disrupts Farming
Scorching temperatures across China are straining power grids as the country tries to ramp up industrial activity to support the economy, while farmers scramble to save crops such as rice and cotton …
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