It seems that nary a month goes by without some Anglophone media outlet making space for yet more misleading news coverage about Jack Ma’s Ant Group and China’s financial sector overall. Last month’s …
Tagged By finance
Huawei renews effort in mobile payments amid Beijing’s moves to boost industry competition
The telecoms giant has started to ramp up operations of its mobile payments service after gaining a nationwide licence from an acquisition in March.
A Made-in-China Financial Crisis?
With the property giant teetering on the edge of bankruptcy, the world is being forced to contemplate a scenario it had never seriously considered: a made-in-China financial crisis.
U.S.’ Blinken urges China to act responsibly in Evergrande crisis – Bloomberg News
U.S. Secretary of State Antony Blinken says the U.S. wants China to act “responsibly” when it comes to addressing the potential impacts of China Evergrande Group’s financial crisis, Bloomberg News …
Doug Kass: Is China the Market’s Black Swan?
China is the engine of world economic growth – responsible for almost one third of the incremental growth in global GDP. No longer. In order to keep growth going, China has endorsed a policy aimed…
Many Firms Are Underinvesting in China, Carlyle CEO Lee Says
Many corporate and investment leaders are underexposed to the Chinese market, according to Carlyle Group Inc. Chief Executive Officer Kewsong Lee. Most Read from BloombergChristmas at Risk as Supply …
Chinese Estates offers to take firm private after selling stake in debt-ridden China Evergrande at loss
The family of Hong Kong magnate Joseph Lau Luen-hung is planning to take Chinese Estates Holdings private and on Wednesday offered an 83.5 per cent premium for shares held by minority owners. The …
Finance Minister downplays risks from Evergrande, Fed moves
Finance Minister Nirmala Sitharaman downplayed fears of global contagion from China’s Evergrande crisis and said the central bank and the government were keeping a close watch to cope with any ‘taper …
RBC continues to strengthen private banking team in Hong Kong
Fenny Chan and Angela Chow are the latest Directors to join RBC Wealth Management’s private banking team to support high-net-worth and ultra-high-net-worth clients in the region. They will focus on …
Financial Stress In China Property Sector Spreads Beyond Evergrande
Fantasia Holdings, a Shenzhen-based developer, missed repaying $206 million worth of bonds that matured Monday, the company said in a stock exchange it is now assessing the potential impact on the fin …
NongHyup Bank seeks to branch out to Australia, China in 2022
Park NongHyup Bank plans to open six more overseas branches in 2022, in line with parent NongHyup Financial Group’s strategic plan to bolster global businesses in the c …
A Surprise Default in China Worsens Evergrande Contagion Fears
The Chinese property industry has suffered its first default on a dollar bond since the China Evergrande Group crisis worsened in recent weeks, fueling concern about other highly leveraged borrowers …
Bitcoin climbs as US says it won’t ban cryptos like China
The surge follows the Securities and Exchange Commission chair Gary Gensler saying that the US won’t follow China’s lead in banning digital tokens. “Our approach is really quite different,” Bloomberg …
