Concerns about the outsized exposure of China’s $3 trillion shadow banking sector, roughly the size of Britain’s economy, to property developers and the wider economy, have grown over the past year as …
Tagged By finance
Yuan falls to 9-month low after China rate cut, sterling rises after jobs data
Sterling rose on Tuesday after data showed British basic wages grew at a record pace, adding to the Bank of England’s inflation worries, while the yuan sank to a nine-month trough after China’s …
China’s $138 billion ‘shadow bank’ spirals at terrible time for Xi
Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with more than 1 trillion yuan ($138 billi …
China Mulls Cutting Stamp Duty to Revive Slumping Stock Market
Chinese authorities are considering cutting the stamp duty on stock trades for the first time since 2008, people familiar with the matter said, in what would be a major attempt to revive confidence in …
China central bank unexpectedly cuts rates to support sputtering economy
China’s central bank unexpectedly cut key policy rates for the second time in three months on Tuesday, in a fresh sign that the authorities are ramping up monetary easing efforts to boost a sputtering …
China’s Central Bank Cuts Two Key Policy Rates
China’s central bank cut two key policy rates, signaling that the country’s benchmark lending rates will fall later this month.
PBOC Adviser Says China Urgently Needs to Boost Consumption
An adviser to China’s central bank says the top priority of policymakers needs to be stimulating household consumption, comments that come as an economic recovery falters.
Beijing Tries to Regulate China’s AI Sector Without Crushing It
Beijing is poised to implement sweeping new regulations for artificial intelligence services this week, trying to balance state control of the technology with enough support that its companies can …
Marketmind: China Data Deluge as EM Turmoil Deepens
financial markets columnist. As waves of volatility crashed over emerging markets on Monday, most notably in Argentina and Russia, the focus on Tuesday once again returns to the root of much of the deeper anxiety…
China-Led Economic Group Pushes Forward With Plans To Topple American Dominance
The top two issues during the August 22-24 Brics meeting are a possible expansion of the group and the oft-discussed but mostly elusive idea of creating
Heard on the Street Recap: China Spillover
China’s economy is looking increasingly vulnerable. Chinese stocks fell in Hong Kong and mainland China on Monday, with real-estate developers, electric-vehicle manufacturers and other companies in economically sensitive sectors declining the most.
Contagion fears spread as China property sector cash crunch intensifies
China’s largest private real estate developer Country Garden is seeking to delay payment on a private onshore bond for the first time, the latest sign of a stifling cash crunch in the property sector,
China finance giant’s missed payments alarm regulators and markets
Task force set up after a unit of Zhongzhi Enterprise, one of nation’s top wealth managers, missed payments on multiple high-yield investment products …
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