(Bloomberg) — China’s cash-strapped small lenders are expanding their pile of the riskiest kind of bank debt to shore up their capital levels, bracing against an economic slowdown and rising loan … ( read original…
Tagged By finance
The Hong Kong Crackdown Is A Financial Disaster For China: Is It Time To Fire The CEO?
Xi Jinping’s move against Hong Kong is a financial disaster for China. Once the magic of Hong Kong’s status as global financial center — which was built up over two centuries – is gone, it…
China to connect interbank and exchange bond markets – central bank
China will connect its interbank and exchange bond markets, the People’s Bank of China said on Sunday, a move aimed at unifying segregated bond markets and facilitating monetary policy transmission … ( read original story…
China to offer more financial support for flood-hit areas
China’s banking and insurance regulator on Saturday announced measures to further increase credit and lending support and insurance protection for areas that suffered from recent floods. ( read original story …)
China’s regulators break down Xiao Jianhua’s financial empire, seizing Tomorrow Group’s insurers, trust firms and brokers
China’s financial regulators seized control of several insurers, trust firms and stock brokers linked to one of the country’s most powerful oligarchs, in a devastating blow against corporate … ( read original story …)
China Takes Over Companies Linked to Disappeared Financier
Chinese regulators will assume control of nine financial firms that are linked to a financier who was taken from a hotel in Hong Kong by Chinese authorities in 2017 and hasn’t been seen in public…
Apple doubles its retail space in Beijing
Apple has opened a store in Beijing replacing its original Chinese location with a shop that is twice the size. The front of the Apple Sanlitun store is dominated by 33-foot glass panels … (…
UPDATE 1-China seizes financial firms linked to conglomerate
Chinese regulators on Friday seized control of a group of financial institutions with connections to the same holding company, in a crackdown by authorities seeking to stem systemic financial risks in … ( read original…
China seizes financial firms linked to conglomerate
Chinese regulators on Friday seized control of a group of financial institutions with connections to the same holding company, in a crackdown by authorities seeking to stem systemic financial risks in … ( read original…
China-backed AIIB approves $100 mln loan to Vietnam bank for COVID-19 response
The Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Friday it would lend $100 million to the Vietnam Prosperity Joint Stock Commercial Bank to help the bank lend more to private … ( read original…
China-backed AIIB approves $100 million loan to Vietnam bank for COVID-19 response
The Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Friday it would lend $100 million to the Vietnam Prosperity Joint Stock Commercial Bank to help the bank lend more to private … ( read original…
‘China’s goal is to replace you’: Barr warns leaders of America’s biggest businesses
U.S. Attorney General Bill Barr delivered a blistering critique of the Chinese Government Thursday and singled out U.S. business leaders as complicit in the country’s rise. Speaking at the Gerald R. ( read original story …)
Stock futures fall as China data weighs ahead of bank earnings, economic data
U.S. stock index futures fell on Thursday after a surprise drop in China’s retail sales signaled a bumpy economic recovery, with investors now turning to the next set of quarterly bank earnings and … (…
