China’s property downturn is weighing on yet another corner of financial markets: ESG-labeled securitized debt. Chinese developers are issuing far fewer securities tied to climate or social objectives …
Tagged By finance
Trillions in Hidden Debt Drove China’s Growth. Now It Threatens Its Future.
Local governments racked up as much as $11 trillion in off-the-books debt to build industrial districts, resorts, transit systems and housing projects, including many that failed.
40 Banks Shut Down in Sudden ‘Vanishing Act’ – Absorbed Into Larger Lenders As Economy Teeters in China: Report
Banks are reportedly collapsing at an unprecedented rate in China due to a major downturn in the country’s property market, poor risk controls and other issues.
China Central Bank to Maintain Yield Curve, Correct Bond Risks, State Media Says
SHANGHAI (Reuters) – China’s central bank is determined to maintain a normal upward-sloping yield curve and correct bond-market risks, the bank-backed Financial News reported late on Friday, citing …
China c.bank seen holding medium-term lending rate steady Monday
China’s central bank is widely expected to leave a medium-term interest rate unchanged and drain some cash from the banking system when rolling over such maturing loans on Monday, a Reuters survey …
China c.bank seen holding medium-term lending rate steady Monday
China’s central bank is widely expected to leave a medium-term interest rate unchanged and drain some cash from the banking system when rolling over such maturing loans on Monday, a Reuters survey …
Vanuatu Prime Minister asks Bank of China to open branch in Port Villa
Vanuatu Prime Minister Charlot Salwai has asked the Bank of China to set up operations in the Pacific Island nation, his office said in a statement on Friday.
FinMin Aurangzeb’s $15b energy debt discussions with China rescheduled
PM urged Chinese leaders to form a working group to address $15 billion energy debt and $1.8 billion outstanding dues …
China’s central bank conducts reverse repos Friday
BEIJING, July 12 (Xinhua) — China’s central bank conducted 2 billion yuan (280.45 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Friday. The move aims to keep …
Asia’s biggest alternative asset manager mulls new China funds, bucking retrenching trend
PAG is setting up a China fund to lure domestic capital and is considering establishing another that will cater to demand from investors outside of North America, according to sources familiar with …
China Regulator Said to Ask Some Banks to Cut Back Bond Risk
China’s financial regulator asked some rural lenders to shorten the average duration of their bond holdings, according to people familiar with the matter, as authorities seek to safeguard the banking sector amid a relentless rally…
Beijing financial court strengthens support for private businesses
As an intermediate-level court, it mainly handles finance-related civil and administrative disputes in Beijing, including those involving securities, insurance, bank cards, and financial loan …
Why China Is Trying to Curb Short Selling of Stocks
while state-owned China Securities Finance Corp. stopped lending securities to brokerages starting July 11. Earlier this year, China’s largest brokerage — state-controlled Citic Securities — stopped …
