The anxiety to stash cash to tide over contingencies may also have contributed to a run on the banks, which in turn, revealed the weaknesses of these financial institutions …
Tagged By banking
Swap Connect: A new milestone in China’s financial opening-up
The People’s Bank of China (PBOC), the Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) on July 4 jointly announced a new mutual access program between the …
China says it will take ‘forceful measures’ if Pelosi visits Taiwan
China’s Foreign Ministry said there would be consequences for the United States if House Speaker Pelosi visits Taiwan.
Sri Lanka, Rajapaksas and China — A cautionary tale
The saga of Sri Lanka and the fall of Rajapaksa clan have represented before the world a cautionary tale — a lesson to not back on China at the time of crisis. Here’s an analysis.
Digital-Led and Innovation-Driven Digital Finance Forum of the Global Digital Economy Conference 2022 to Be Held on July 30
Highlights of the Digital Finance Forum of the Global Digital Economy Conference 2022. BEIJING, July 19, 2022 /PRNewswire/ — The Global Digital Economy Conference (hereinafter re …
‘My Worldview Has Been Destroyed’: Chinese Banking Scandal Tests Faith in the System
The disappearance of ordinary savers’ money, and the government’s seemingly indifferent response, could pose a major test for the Communist Party’s legitimacy.
China’s Henan bank crisis: Despite promises, banks fail to repay depositors
Despite promises that depositors in China’s Henan villages will get their frozen money back in batches with the first due on July 15, only a handful of depositors have received the payments, posing a …
China bond defaults hit US$20 billion in 2022, more than double last year’s total, as property developers teeter
The value of bond defaults in China in 2022 has already more than doubled the full-year total from last year, as the accelerating debt crisis in the country’s US$2.7 trillion property market spills …
China property stimulus to rescue copper demand, but not yet
Copper demand is unlikely to recover significantly until China stimulus targets its property market, but this may not happen for months, until sliding exports trigger a sizeable response.Prices of …
EMERGING MARKETS-Stocks slip as China growth fears weigh; FX muted on dollar lull
Stocks in emerging markets fell on Tuesday, weighed down by Chinese shares as rising domestic COVID-19 cases sparked fears of a further economic slowdown, while currencies were subdued as the dollar …
China says U.S. will bear consequences of Pelosi visit to Taiwan
China’s foreign ministry said on Tuesday that a visit to Tawian by U.S. House Speaker Nancy Pelosi would seriously undermine China’s sovereignty and territorial integrity, and the United States would …
China Banks to Forfeit $4.6 Billion on Mortgage Break, Citi Says
Chinese banks would forfeit 31 billion yuan ($4.6 billion) of interest income from mortgages under a proposal to give home buyers in stalled projects a temporary payment holiday, according to …
Is strained China-US relationship spiralling towards a Thucydides Trap scenario?
In the second of a three-part series, we examine the Thucydides Trap and what it means for China’s relations with the US. The US president at the time, Barack Obama, initially responded positively to …
