Every country should pay its sovereign debt. Default, we are told, is not an option. But has anyone told China? The United States pays interest on approximately $850 billion in debt held by the People…
Tagged By finance
Zambia Debt Deal Could Be a Template for Future Cooperation Between China and the West
In Zambia’s case, there is a contingency in the official creditor deal allowing for the interest rate paid on its debt to rise from a maximum of 2.5% to 4% if the country’s economy outperforms…
China could relax property curbs to boost residential market in the nine mainland cities in the Greater Bay Area, Cushman says
Experts say Beijing may unveil further relaxation measures that could increase residential market transactions in the nine mainland cities in the Greater Bay Area, after volumes slumped in the second …
China to sell US$1.7 billion of government bonds in Hong Kong in August to promote yuan’s internationalisation, tap cheaper money
Beijing will sell 12 billion yuan of offshore bonds as it continues its efforts to promote the yuan internationally Demand for yuan-denominated financial products is rising as countries from Brazil to …
Hong Kong, mainland regulators agree to enhance wealth management and bond connect schemes during three-day Beijing visit, HKMA CEO says
Authorities in Hong Kong and mainland China are in consensus on a number of measures that will enhance the cross-border Wealth Management Connect and Bond Connect schemes, the city’s de facto central …
Xinhua Headlines: Six things to watch in China’s economy
China has carried out a raft of measures to reassure entrepreneurs, including removing more barriers in market access, further reducing taxes and fees to save 1.8 trillion yuan for businesses this …
Hong Kong, mainland China regulators agree to enhance wealth management and bond connect schemes during 3-day Beijing visit, HKMA CEO says
Details about changes to the wealth management and southbound bond connect schemes to be announced ‘soon’, HKMA CEO Eddie Yue says Mainland officials support the strengthening of Hong Kong’s …
Tech, China, Central Bank Outlooks Blunt Asian Stock Markets
Asian stock markets were largely mixed and muted Friday as traders awaited stimulus signals from Beijing and weighed tech-sector values. Pending meetings by three major central banks next week, the …
Vincent Boland: Trouble in China could signal problems for the global financial system
For two decades the world’s second largest economy has seen relentless growth but now it appears to be stalling – or worse, its boom could be over entirely …
China issues draft to ease rules on foreign investment in asset management firms
China’s National Financial Regulatory Administration (NFRA) on Friday issued a draft on easing rules on foreign investment in asset management businesses as part of efforts to attract overseas …
Explainer: Dalian Wanda’s repayment woes weigh on China property sentiment
The market is closely watching whether a unit of Dalian Wanda Group will make a repayment deadline for a $400 million dollar bond early next week, as a failure would weigh on already weak market…
China agrees to reschedule $2 billion debt of Pakistan
The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Ishaq Dar on Thursday, approved the revised terms of the agreement reached between Islamabad and Beijing, …
China Stock Market May Be Stuck In Neutral On Friday
(RTTNews) – The China stock market headed south again on Thursday, one day after ending the two-day slide in which it had dropped almost 40 points or 1.3 percent. The Shanghai Composite Index now sits…