Authorities in Beijing and local governments in provinces around the country are resolving the situation based on “rule-of-law principles.” …
Tagged By finance
China cbank official says spillover effect of Evergrande’s debt woes is controllable
The spillover effect of China Evergrande Group’s debt problems on the banking system is controllable and individual financial institutions’ risk exposures are not big, a central bank official said on …
China’s central bank lists 19 systemically important banks
China’s central bank on Friday unveiled a list of 19 banks it identified as systemically important. The People’s Bank of China (PBOC) identified six state-owned commercial banks, nine joint-stock bank …
China Breaks Silence on Evergrande, Saying Risks ‘Controllable’
China’s central bank broke its silence on the crisis at China Evergrande Group, saying risks to the financial system stemming from the developer’s struggles are “controllable” and unlikely to spread.
Could China’s economy collapse?
China’s economy, amidst electricity shortages, regulatory crackdowns, and a deflating real estate sector, is at a turning point. What will it mean for China, and for the world, if the Chinese economy …
China risks making ‘big mistakes’ with widespread crackdown, says ex-IMF chief economist
Beijing’s crackdown on sectors from technology to property creates “an enormous amount of uncertainty,” said Raghuram Rajan, finance professor at Chicago Booth.
China Has Good Reason to Fear Bitcoin
Beijing is banning Bitcoin because it could destabilize China’s financial system. But blockchain technology and digital currencies could have broader benefits, writes Cornell University professor.
Pony.ai to Start Driverless Tests on Public Roads in Beijing
Silicon Valley-based leading autonomous driving company Pony.ai, today announced that it has been authorized to conduct driverless tests on public roads in China’s capital city, Beijing. The company …
Ambassador Haque visits NBP office in Beijing
Pakistan Ambassador to China, Moin ul Haque visited the Chief Representative Office of National Bank of Pakistan (NBP) here and appreciated its role in enhancing cooperation in financial sector and …
China loosens restrictions on home loans at some big banks -Bloomberg News
China’s financial regulators have told some major banks to accelerate approval of mortgages in the fourth quarter, Bloomberg News …
The wild west of China’s bond market that regulators want to tame
In China’s junk bond market, investors gamble when companies tumble. Some win big, while some lose big. Some investors in junk bonds, often referred to by the rose-tinted industry term “high-yield …
Exclusive-China looks to lock in U.S. LNG as energy crunch raises concerns- sources
Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG)supplies, as soaring gas prices and domestic power shortages heighten concerns …
‘China boasts some of the best green stocks in the world’
Fund of the Week: clean energy firms have been among the stock market’s best performers The energy transition is turning London’s stock market on its head. While oil and gas have powered the economy …
