Chinese regulators have instructed major creditors of China Evergrande Group to conduct a fresh round of stress tests on their exposure to the world’s most indebted developer, according to people …
Tagged By finance
Hong Kong risks its global finance status over Covid isolation
There has been more outspoken criticism of Hong Kong government policy from business and finance circles in the past two months than in two years of political and social turmoil. A slow Covid-19 …
Why Chinese millennials are stopping at one child – And it’s a problem for China
Having a second child is like buying a sports car.” Why China’s millennials think having more than one child is “not a good financial model.” …
China Flexes Anti-Crypto Muscle, Blocks Weibo’s Crypto Influencers
China blocked cryptocurrency and decentralized finance (DeFi) accounts and influencers from Sina Weibo, the Chinese equivalent of Twitter.
China digital currency: when will the e-yuan be launched, and what will it be used for?
China began exploring the concept of a sovereign digital currency in 2014, and has already distributed some 200 million yuan (US$30.7 million) as part of pilot projects across the country.
Huarong shows Beijing’s fear of roiling credit markets
Investors are heaving a sigh of relief after reports Beijing is weighing up a rescue of state-backed financial giant China Huarong Asset Management.
China trade: imports grow at fastest pace in a decade as trade surge continues
China’s exports grew by 27.9 per cent in May compared with a year earlier, while imports grew by 51.1 per cent last month.
In China, a little-known EV maker is leaving Tesla in the dust
Since last July, a little-known automaker in China’s southwest has dominated the world’s largest electric car market, outselling bigger players and even Tesla Inc. almost every month with a tiny, bare …
China Bourse May Crack Resistance At 3,600 Points
The China stock market on Friday ended the two-day slide in which it had stumbled more than 40 points or 1.2 percent. The Shanghai Composite Index now sits just above the 3,590-point plateau and it…
Agricultural Bank of China Limited
Agricultural Bank of China Limited’s IDRs are based on Fitch Ratings’ extremely high expectation that it would receive timely e …
China’s tech clampdown is spreading like wildfire
Chinese authorities are targeting hundreds of apps in a push to clean up the country’s fast-growing, freewheeling internet sector …
China to hand out $6.2M in new digital yuan trial in Beijing
Starting in June, the program features “red envelopes” — a traditional way of gifting money, with each providing a free online wallet containing 200 digital yuan.
China’s Tech Clampdown Is Spreading
The latest salvos in China’s campaign against its tech companies make one thing clear: Jack Ma’s businesses aren’t the only ones under the regulatory microscope.
