China is at a impasse in terms of restructuring debts owed to it by developing nations in distress even after the World Bank made additional efforts to provide ultra-low interest loans and grants to …
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HSBC reaches deal to buy out China fund partner, Reuters reports
HSBC has deployed billions of dollars in China in the last few years as part of an Asia pivot, boosting its market share across banking, insurance and securities businesses in the country’s $57 …
China Opening Revives Wealth Pipeline to Hong Kong Finance Hub
A welcome sign is emerging in Hong Kong after three years of travel restrictions: lines of mainland Chinese tourists outside the city’s bank branches.
China bank stocks soar on easing margin pressure, credit demand recovery
Shares in Chinese banks rose sharply on Monday after more lenders reduced interest rates on deposits, in a move that would boost margins and assist with Beijing’s broader economic goals of increasing …
China Postpones Talks With German Finance Chief at Short Notice
China’s finance ministry postponed a meeting scheduled for Wednesday between German Finance Minister Christian Lindner and his counterpart in the government in Beijing.Most Read from BloombergTexas Ma …
Launch of northbound trading of Swap Connect to further boost China’s financial opening-up, elevate yuan internationalization: expert
The northbound trading link of the Swap Connect between the Chinese mainland and the Hong Kong Special Administrative Region will commence on May 15, with the initial eligible products including …
Emerging markets draw net inflows in April; China sees outflows
Foreign investors funneled nearly $10 billion into emerging market portfolios in April, with Asia taking the lion’s share despite net outflows from China, data from the Institute of International …
The Impact of the Digital Yuan on China’s Balance of Payments
In recent years, China has been making strides towards becoming a major player in the global financial market. One of its latest developments is the creation of the digital yuan, a central bank …
Battle for China’s electric SUV market heats up at home and abroad
China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc and BYD , .
China’s New Foreign Minister Meets US Envoy for First Time
Chinese Foreign Minister Qin Gang met US Ambassador Nicholas Burns in the highest-level meeting in weeks between the world’s biggest economies, signaling that Beijing may soon allow more senior-level …
EXCLUSIVE-HSBC reaches deal to buy out China fund partner -sources
HSBC has agreed to buy out its China fund management joint venture partner, two people familiar with the matter said, as the Asia-focused bank pushes ahead with expansion in the world’s second-largest …
Berkshire Hathaway sells $58.9 mln worth of shares in China’s BYD
Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.96 million Hong Kong-listed shares of electric vehicle maker BYD for HK$462.09 million ($58.9 million), a stock exchange …
China using its currency to insulate against future sanctions
In the last year, a drive to insulate China’s economy from dollar-based sanctions has emerged as possibly the most important incentive for decoupling from the dollar, as China looks to prepare for the …