Aug.17 — Nicole Wong, regional hed of property research at CLSA, discusses China’s property prices for July and what they mean for the economy. She speaks on “Bloomberg Markets: Asia.” ( read original story …)
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China bank loans to slow as lenders rapidly exhaust annual quotas
Chinese banks are set to see a slowdown in lending growth in the second half of the year, having exhausted most of their annual credit quota, raising the spectre of corporate defaults as financing costs…
China Unicom shares still halted amid confusion over $12 bln fundraising
HONG KONG (Reuters) – China Unicom’s two main units said on Thursday their shares would remain suspended until further notice, amid uncertainty over details of a $11.7 billion fundraising that is expected to be a…
China cracks down on VPN vendors
China’s latest crackdown on those attempting to skirt state censorship controls has seen it warn e-commerce platforms over the sale of illegal virtual private networks (VPNs). Five websites, including shopping giant Alibaba, have been asked…
China Mobile 4G subscriber base reaches 606 million
China Mobile announced the latest subscriber additions for its 4G, wireless and wireline broadband business in July 2017. China Mobile’s 4G subscriber base reached 605.973 million in July 2017 from 593.651 million in June 2017.…
Prominent China debt bear warns of $6.8tn in hidden losses
One of the most influential analysts of China’s financial system believes that bad debt is $6.8tn above official figures and warns that the government’s ability to enforce stability has allowed underlying problems to go unchecked.…
China’s first listed bike-sharing firm surges in Shanghai debut
China’s first listed bike-sharing firm surged to its 44 per … the Jiangsu province-based company closed the day at 38.66 yuan, up 11.81 yuan from its IPO price of 26.85 yuan. The company’s revenue reached…
China’s suicidal debt can trigger next financial crisis
China’s huge debt pile could be the trigger for the next financial crisis as borrowing reaches unsustainable levels, according to a study from the International Monetary Fund (IMF). The IMF released its annual report on…
Alibaba Group Announces June Quarter 2017 Results
HANGZHOU, China–(BUSINESS WIRE)– Alibaba Group Holding Limited (NYSE:BABA) today announced its financial results for the quarter ended June 30, 2017. “Alibaba had a strong start to fiscal 2018, reflecting the strength and diversity of our…
China’s Alibaba outstrips revenue estimates with online sales growth
Alibaba, China’s top e-commerce firm, beat analyst’s estimates with a 56 per cent rise in first-quarter revenue, driven by growth in online sales which make up most of its business. Thursday’s results show that Alibaba…
Exclusive: China’s CEFC in early talks to buy Rosneft stake – sources
HONG KONG/BEIJING (Reuters) – CEFC China Energy, which has grown from a niche oil trader … One person familiar with Rosneft said it would be open to selling CEFC a stake in its retail business,…
China warns Washington against ‘trade war’
BEIJING — China’s government on Thursday warned “there is no winner in a trade war” after an aide to President Donald Trump called in published comments for a tougher stance toward Beijing. A foreign ministry…
IP Group loses investor after China cracks down on foreign investment
IP Group Plc (LON:IPO) said Beijing Galaxy World Group has pulled out its plans to make an investment in the British intellectual-property firm after hitting a regulatory roadblock in China. The Beijing company, which describes…
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