HONG KONG — Bad loans in consumer-facing industries have crept upward at China’s biggest state-owned banks while a key gauge of profitability has fallen, posing a fresh challenge in managing loan …
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China Vanke posts $1.1 billion H1 core loss, sees positive cash flow
China Vanke, a major state-backed property developer, on Friday reported its first core loss of 7.6 billion yuan ($1.07 billion) in the first half, but it said its cash flow returned to positive in …
Exclusive: Russia payment hurdles with China partners intensified in August
Bilateral trade between Russia and China grew by 1.6% to $137 billion in the first half of 2024, according to China’s official customs data, after hitting a record high $240 billion in 2023.
China Charges Ex-ICBC Banker Lee Zhang Over Alleged Bribery
Zhang Hongli, a former senior executive at Industrial and Commercial Bank of China Ltd., has been prosecuted for alleged bribery, Caixin Global reported, citing China’s top prosecutor.
China c.bank will study new policy measures to boost economy, governor says
The bank will strengthen financial support to the real economy and step up counter-cyclical adjustments, Pan said
Here’s what Wall Street expects from Bank of Beijing (A)’s earnings report
Bank of Beijing (A) will be reporting earnings from the most recent quarter.Wall Street analysts are expecting earnings per share …
Beijing restricts trading data as foreign investors flee Chinese stocks
The latest restrictions on investment data come as Beijing battles to shore up market confidence in the face of concerns about China’s slowing economy and the impact of a slow-burning crisis in …
China considers allowing refinancing on $5.4 trillion in mortgages, Bloomberg News reports
China is considering allowing homeowners to refinance as much as $5.4 trillion in mortgages to reduce their borrowing costs, Bloomberg News reported on Friday, citing people familiar with the matter.
Beijing to tap free-trade zones to reassure foreign investors with pro-business pledge
The pledge was made at a meeting of a Communist Party reform task force headed by President Xi Jinping on Thursday.
Beijing to tap free-trade zones to reassure foreign investors with pro-business pledge
Beijing has vowed more prominence to China’s free-trade zones, as well as a roll-out of pro-business measures, including trade facilitation to smoothen capital and data flow for foreign businesses.
Tesla Beijing to recall 870 imported model X EVs, China regulator says
China’s market regulator said on Friday that Tesla Motors Beijing will recall 870 imported Model X vehicles from Oct. 8 due to a need to check the adhesive used to attach the roof of the…
China mulls $7.9 trillion in mortgage refinancing as economy stutters
The government plan would let homeowners switch banks for cheaper loans, as the property slump drags down consumer spending and household wealth.
Financial institutions Taking Actions to Guide Capital towards Green and Low-carbon Industries in China
China has demonstrated stepped-up efforts to ramp up green transition in all areas of economic and social development and to promote relevant financial instruments, such as green equity financing and …
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