Standard & Poor’s has cut its rating on China by one notch weeks before the country is expected to launch a rare dollar bond, with the ratings agency citing rising economic and financial risks after…
Tagged By finance
China’s Banking System Won’t Collapse, Former Bank Director Says
Foreigners predicting doom for China’s banks have got it all wrong, according to James Stent, who spent more than a decade serving on the boards of two Chinese lenders. Instead of falling into a debt-fueled…
China’s about to get its first new central bank head in 15 years
China is about to get its first new central bank chief in 15 years The winner of the horse race could show what Beijing is planning for the world’s second-largest economy China is about to…
Beijing Takes A Knee – China Central Bank Tells National Banks To Halt Business With North Korea…
Beijing is quickly recognizing they have painted themselves into an economic corner. Beijing enables the DPRK. President Trump specifically targets this reality as the solution to North Korea’s aggression: ¹Beijing tells DPRK to do stupid…
Asia markets fall after North Korea threat and as investors digest China credit downgrade
HTC shares had been suspended from trade on Thursday, prior to the announcement. Chinese banks were also on the radar after the People’s Bank of China reportedly informed them to adhere to United Nations sanctions…
S&P downgrades China, says rising debt is stoking economic, financial risks
S&P’s one-notch downgrade to A+ from AA- comes as Beijing grapples with the challenges of containing financial risks stemming from years of credit-fueled stimulus to meet ambitious government economic growth targets. “The downgrade reflects our…
China’s debt risks are rising
warning that “a prolonged period of strong credit growth has increased China’s economic and financial risks.” The move is likely to come as an unwelcome irritant for Chinese President Xi Jinping as he tries to…
China’s central bank tells banks to stop doing business with North Korea: sources
BEIJING/HONG KONG (Reuters) – China’s central bank has told banks to stop providing financial services to new North Korean customers and to wind down existing loans with North Korean customers, according to a document, four…
China RMB 1.75 Trillion Automotive Finance Market, 2017-2021
The “China Automotive Finance Industry Report, 2017-2021” report has been added to Research and Markets’ offering. The Chinese automotive finance market now is still dominated by commercial banks with a market share of approximately 50%.…
S&P cuts China’s debt rating over ‘financial risks’
Standard & Poor’s slashed China’s credit rating on Thursday, warning that a prolonged period of debt growth had raised “economic and financial risks”. S&P, which downgraded China’s debt from AA-minus to A-plus, is the second…
Social Media Giant Tencent Gets Into Old-School Finance
Tencent Holdings Ltd., China’s largest social media firm, is entering the traditional finance industry by investing in CICC International Capital Corp., a move that may help the investment bank’s expansion in wealth management. Shares of…
S&P cuts China’s credit rating, citing increasing economic, financial risks
(Reuters) – S&P Global Ratings downgraded China’s long-term sovereign credit rating by one notch on Thursday to A+ from AA-, citing increasing risks from the country’s rapid build-up of credit. “The downgrade reflects our assessment…
China VAT Reform Boosts Growth, Entrepreneurship
China’s VAT rate structure was further cut from four to three tiers (6%, 11% and 17%) starting from July 2017, with tax rates for farm produce, tap water and books reduced from 13 to 11%.…
