Troubles at a big trust company are making investors worry about fallout from the country’s slumping property sector.
Tagged By finance
Evergrande files for bankruptcy in US, fueling worries about China property crisis
The Chinese developer has sought protection under Chapter 15 of the US bankruptcy code, which shields non-US companies that are undergoing restructurings from creditors that hope to sue them or
SpaceX and Blue Origin are being targeted by spies from China, Russia, feds say
Chinese and Russian spies are looking to steal sensitive technology and data from US space companies including SpaceX and Blue Origin, according to a federal government communique. The National
China fuels US bond rout by slashing holdings to 14-year low as Washington-Beijing tensions drag on
US Treasury prices have tanked in 2023, with investors fretting about the Federal Reserve’s interest-rate hikes.
China’s small independent developers see local innovation being stifled by Beijing’s new app registration rule
The latest ruling from Beijing that requires all mobile app providers to submit their business details to the government has raised concerns at some independent Chinese software developers, who expect …
China’s Central Bank Looks Uncomfortable With Its Weak Currency
China’s currency is weakening against the U.S. dollar—and the country’s central bank is pushing back. The People’s Bank of China sets a daily reference rate for the yuan, and allows the onshor
China unveils measures to revive stock market
China’s securities regulator unveiled a package of measures on Friday aimed at reviving a sinking stock market, but investors said they would do little to boost confidence if the economy remains …
Turmoil at Zhongzhi sparks alarm over China’s $3tn shadow finance sector
Zhongrong, partly owned by investment group Zhongzhi, is one of the biggest players in a $2.9tn shadow financing market, referred to as the trust industry. Doubts over its health have added to …
China property update: Well, there’s been some bad developments
For countries like ours well within its sphere of influence, a further downturn in China almost certainly means trouble ahead … Read More The post China property update: Well, there’s been some bad …
Investors Fear China’s ‘Lehman Moment’ Is Looming
Troubles at a big trust company are making investors worry about financial contagion from property developers’ distress.
China Steps Up Efforts to Stabilize Markets as Confidence Slumps
Most Read from Bloomberg China Evergrande Group Files Chapter 15 Bankruptcy in New York ‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to Proliferate Goldman Plans Hiring Spree to Fix Lapses After …
China’s central bank steps up intervention after yuan hits 16-year low against greenback
Reuters reported that Chinese state banks were seen busy selling U.S. dollars to buy yuan in an attempt to slow the yuan’s depreciation. The PBOC noted that foreign exchange settlement and sales for …
China’s Hidden Financial Dangers Erupt With Shadow Bank Crisis
Zhongzhi Enterprise Group Co. attracted little notice within China and was almost unheard of everywhere else.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor …