S&P Ratings cut China’s sovereign debt rating one notch to A plus from AA minus, its first such action since 1999, saying a long period of borrowing has increased China’s economic and financial risks. But…
Tagged By finance
S&P China Rating Downgrade Is ‘Wrong Decision’
Standard & Poor’s made the ‘wrong decision’ by downgrading China’s sovereign debt rating, China’s Ministry of Finance has said. As the Wall Street Journal’s Liyan Qi reports: There was nothing new in concerns expressed by…
Dublin-Beijing air route awaits China approval
A direct service between Dublin and Beijing has been approved by Hainan Airlines and the … Gretchen Friemann Bank of Ireland has confirmed the sale of IBI Corporate Finance to the unit’s management in a…
China Finance Ministry Says S&P’s Downgrade Is ‘Wrong Decision’
The government also responded with a briefing Friday in Beijing. S&P overstates government debt by including some debt of state-owned enterprises, Liu Shangxi, head of of the Finance Ministry’s Chinese Academy of Fiscal Sciences, told…
Trump’s financial strategy persuades China to put screws to North Korea
President Trump persuaded China to freeze all financial transactions with North Korea and ordered a new round of U.S. sanctions Thursday, closing out his first U.N. General Assembly with a major diplomatic victory in his…
S&P pours cold water on Beijing’s upbeat economic narrative
A sovereign rating downgrade could make it more costly for Chinese companies and the government to borrow money on the international market, and more difficult for Beijing to attract investors to its financial markets. China…
S&P’s downgrade of China’s sovereign debt angers Beijing
China’s Finance Ministry calls it the “wrong decision”. Beijing (AsiaNews/Agencies) – For the first time since 1999, S&P Global Ratings on Thursday downgraded China’s sovereign credit from AA- to A, reflecting increased economic and financial…
“Years of Gilt, Luxury Forever” The 2017 the Waldorf Astoria Beijing Annual Charity Ball
From the golden age of New York in the 19th century To the modern age of Beijing in the 21st century BEIJING, Sept. 22, 2017 /PRNewswire/ — Waldorf Astoria Beijing presents the Waldorf Astoria Beijing…
Beijing to further open up the service sector to foreign investment
Beijing will also deepen the institutional reform to create a favorable environment for foreign investors and professionals. The reforms are to improve investment and finance management systems, trade in services, investment regulation systems, as well…
Financial ties with Beijing will continue to be strengthened: Heng Swee Keat
XIAMEN — Singapore and China will continue to strengthen financial ties in investments, regulatory cooperation, cross-border capital market activities and emerging technologies, said Finance Minister Heng Swee Keat yesterday. Speaking at an unveiling … (…
Does Fed’s latest move add urgency to Beijing’s financial rescue mission?
China has less time to defuse its debt bomb and address domestic financial risks after the US Federal Reserve set out a timetable to steadily increase interest rates and sell off bonds to shrink its…
Hainan Airlines Inaugurates Direct Air Service Between Beijing and Belgrade
BELGRADE, Serbia, Sept. 22, 2017 /PRNewswire/ — The first flight of the new service, Hainan Airlines HU7937, which took off from Beijing Capital International Airport, landed successfully at Belgrade Nikola Tesla Airport at 9:20 am…
INSTANT VIEW 1-S&P downgrades China’s rating, citing increasing economic, financial risks
BEIJING, Sept 21 (Reuters) – S&P Global Ratings cut China’s long-term sovereign credit ratings by one notch to ‘A+’ from ‘AA-‘ on Thursday, saying its prolonged period of strong credit growth has increased its economic…
