Problems at China’s small-town banks have been gestating for years, but they are now coming to a head—with unpredictable consequences.
Tagged By banking
China plans to set up real estate fund worth up to $44 bln -source
China will set up a real estate fund to help developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44.4 billion), according to a state bank official with…
China to step up support for cultural and tourism recovery – central bank
China’s central bank will guide domestic financial institutions to provide credit services to the cultural and tourism sectors which have been hit hard by the COVID-19 pandemic, it said in a notice on …
“Enough Is Enough”: Rishi Sunak Pledges To Get Tough On China If Elected
Rishi Sunak on Sunday promised to get tough on China if he becomes Britain’s next prime minister, calling the Asian superpower the “number one threat” to domestic and global security.
Sunak and Truss pledge to tackle China ‘long-term threat’ to Britain
Rivals to be prime minister both promise tough stance on Beijing as they prepare to meet in first head to head TV debate …
The real debt trap is not from China, says Integrated Development Studies Institute
The “scrapping” of the China loans for three infrastructure projects was not initiated by China, but by structural constraints. Many critics forget that it is the Philippines that proposed and …
China investigates top official responsible for overseeing banks that imposed a corralito
The China Banking and Insurance Regulatory Commission has announced a disciplinary investigation against the inspector of its office in Henan province Li Huanting following protests over the «corralit …
China launches second Tiangong space station module
China has successfully launched the second of three modules that will eventually make up its Tiangong space station.
Chinese banking scandal: financial official placed under investigation
Banking watchdog says Li Huanting, who was once responsible for overseeing the banks in question, is facing a disciplinary probe The announcement comes two weeks after a protest in Henan province saw …
Beijing plans strategy to avoid US market delistings: report
Chinese companies need to comply with a law passed in 2020 that requires companies to open their audit files or face being delisted from U.S. markets.
Could China Be Headed for a Lehman-Style Crisis? This Property Bust Is Different.
Unlike the U.S. global financial crisis, the amount of leverage propping up in Chinese speculative investments is more limited, and household balance sheets and high savings rates act as a buffer.
China meltdown: Xi sends TANKS out as furious uprising breaks out on streets of Henan
CHINA’S President Xi Jinping was forced to send tanks onto the streets to protect banks from angry customers, according to reports.
China turns to durian diplomacy to boost ties with Southeast Asia
It is probably the most controversial fruit in the world, and haters often complain that it smells just like rotten onion or stinky eggs. However, the durian, also known as the “king of fruit” to…
ADVERTISEMENT
