China on Wednesday issued a draft law on financial stability in a bid to further strengthen safety nets to prevent systemic financial risks in the world’s second biggest economy.China will establish a …
Tagged By finance
Germany warns against over-reliance on China trade
FRANKFURT: German Finance Minister Christian Lindner voiced concern on Wednesday (Apr 6) over his country’s heavy reliance on trade with China, saying Europe’s top economy needed to “diversify” its …
China to Set Up Fund to Rescue Troubled Financial Firms
China will set up a fund to provide support to troubled financial firms as risks to the economy grow. The stability fund will be set up with capital from financial institutions and get liquidity …
HSBC buys bigger stake in its China securities venture
HSBC said on Wednesday it had increased its stake in its China securities brokerage, through a deal to buy equity from its state-owned partner Qianhai Financial Holdings.
Beijing’s South China Sea boldness puts the Philippines’ foreign policy balancing act under pressure
The Philippines’ has repeatedly delayed reporting maritime skirmishes with Chinese vessels in favour of behind-the-scenes diplomacy. But its new leader won’t face an easier time, as the geopolitical …
There’s no end in sight for China’s Covid lockdowns. Here’s what you need to know
Millions of people across China’s locked-down financial hub of Shanghai have been desperately seeking medical care and basic supplies like food. Parents have been forcibly separated from young …
Inside Shanghai, the financial hub grappling with China’s biggest-ever COVID-19 outbreak
Shanghai recorded more than 17,000 new COVID-19 cases on Wednesday, forcing authorities to keep its 25 million residents locked down for the second week …
China, developing Asia have room for ‘tax mobilisation’ to repair Ukraine war, coronavirus economic damage
Asian Development Bank said on Wednesday that weak revenues and high spending erase fiscal surpluses and expand deficits across developing Asia.
China urged to fully fund Argentina’s US$8.3 billion nuclear plant as debt tightens
A belt tightening deal with the IMF has prompted Buenos Aires to ask Beijing to rework February agreement that has Argentina picking up 15 per cent of the bill.
In the News: US-China Audit Rules; Shanghai Tax Relief; and Finance Social Credit
CSRC proposes an update to confidentiality rules for overseas listings; Shanghai rolls out 21 economic relief measures for firms amid lockdown; and social credit to be further developed more integrati …
Toyota readies year’s first China ABS deal
Co is looking to tap the onshore securitization market for the first time in 2022 with a Rmb4bn ($629m) Toyota Glory ABS deal next week. The originator, Toyota Group’s Chinese auto finance arm, came …
China’s online insurer ZhongAn buys stake in Indonesian digital lender Bank Aladin
JAKARTA – China’s first and largest online insurer ZhongAn Online P&C is buying a stake in Indonesian tech-based syariah lender Bank Aladin, online business and economic research firm Katadata …
China Covid Lockdowns Likely To Be Followed By Policy Easing In 2nd Half — Matthew Asia’s Andy Rothman
Economic fallout from continuing Covid lockdowns in Shanghai and elsewhere in China is hard to predict. Overall declines in China share prices this year, especially in Hong Kong, contributed to a drop …
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