CHINA’S real estate market is about to descend into a period of prolonged volatility after developers Evergrande and Kaisa defaulted on interest repayments.
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China’s Stats Accentuate Positive, Play Down Negatives, Lou Says
A former Chinese finance minister criticized the country’s statistics for not properly reporting negative economic changes, with the rare harsh public statement from a senior figure highlighting …
Stability Most Important Word for China’s Economy
The most important word for Chinese economic policy in 2022 is “stability,” according to a senior economic official of China’s Communist Party.Most Read from BloombergAnatomy of a Bad RoadThe 15 Best …
China to scrap foreign ownership cap for firms managing US$2.9 trillion in insurers’ assets
In a boost for overseas insurance companies, China is set to scrap a cap on foreign ownership of insurance asset management companies under draft rules announced on Friday.
China supports debt issuance by developers to fund acquisitions: Report
SHANGHAI: A Chinese self-regulatory body overseeing the interbank market will support debt issuance by qualified developers to fund acquisitions of real estate projects and finance completion of …
Evergrande can’t pay its debts. China is scrambling to contain the fallout
Evergrande has defaulted on its debt. Now Beijing is intervening to prevent a disorderly collapse of the indebted real estate group that could wreak havoc on the world’s second biggest economy.
China’s Chip Conglomerate Unigroup Gets State-Backed Investors, Alibaba Out of Deal
A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese chip conglomerate Tsinghua Unigroup, the company said on Friday. The deal, …
China and Nicaragua re-establish ties in blow to U.S. and Taiwan
China and Nicaragua re-established diplomatic ties on Friday after the Central American country broke relations with Chinese-claimed Taiwan, boosting Beijing in a part of the world long considered the …
Will China’s real estate collapse trigger financial meltdown like US subprime crisis?
Chinese real estate giant Evergrande Group, which was once part of the prestigious Fortune 500, has been officially declared a defaulter amid Beijings late but desperate efforts to chalk out measures …
What Decoupling? China Is Boosting Interdependence Of Capital Markets, HKEX CEO Nicolas Aguzin Says
Am I seeing decoupling? From our unique vantage point in Hong Kong at the confluence of East and West, the simple answer to that is no. We are a very long way from a decoupling…
China says it will focus on economic stability in 2022
China will focus on stabilising the economy and keeping growth within a reasonable range in 2022, according to an official statement issued on Friday following an agenda-setting meeting of the country …
China’s central bank urges backing for affordable housing in Shanghai
The Shanghai branch of China’s central bank has asked banks and financial bodies to spur innovation in products and services to support affordable housing while urging prudence on developers, it said …
HSBC: Quinn makes progress on redirection under China shadow
It might have the wind in its sails, but the bank will need to be nimble and smart if it is to find success in its three principle aims.
