Chinese shadow banking giant Zhongzhi Enterprise Group Co. filed for bankruptcy, cementing the rapid downfall of a firm that oversaw more than $140 billion at its peak before succumbing to the …
Tagged By finance
Chinese Financial Conglomerate Zhongzhi Declares Bankruptcy
The bankruptcy follows a calamitous year in which Zhongzhi sparked fears that the world’s second-largest economy was facing a “Lehman moment.” …
Citi to launch China-based investment banking unit by ‘end of 2024’
Citigroup reportedly has plans to create a wholly owned China-based investment banking unit by the end of 2024.
Exclusive-China’s State Banks Act to Stem Yuan Slide Onshore and Offshore -Sources
China’s major state-owned banks were active in onshore and offshore foreign exchange markets this week trying to contain the yuan’s slide, four people with direct knowledge of the matter said. The …
China’s best-performing fund strikes gold in nascent Beijing bourse for start-ups
China’s best-performing mutual fund of 2023 sees more gains in the volatile corner of the market where it derived enough upside to beat its more than 7,000 competitors last year.
Engaging China: A New Vision for a Western Global Debt Restructuring
In the ever-evolving sphere of global finance, China’s approach to debt relief and restructuring marks a clear departure from Western norms …
Wall Street’s China dreams hit a roadblock – So now what?
Wall Street’s ambitions in China have recently encountered significant headwinds, compelling major financial institutions to recalibrate their strategies. Amidst heightened geopolitical tensions and …
China Fiscal Spending Will Rise in 2024, Finance Chief Says
China’s government spending will rise this year, the nation’s Minister of Finance said, as authorities look for ways to bolster domestic demand and help the world’s second-largest economy regain …
China’s four state-backed distressed asset managers downgraded by Fitch Ratings on reduced government support, property woes
Fitch Ratings says the government’s propensity to provide timely extraordinary support to the national AMCs has weakened China’s property market slump and economic challenges are weighing on the AMCs’ …
Citi targets China investment bank unit launch, 30 new hires by end 2024-source
Citigroup Inc is aiming to launch its wholly owned China investment banking unit as early as the end of this year and hire about 30 people for the business, a person with direct knowledge of…
China’s LGFVs must repay a record US$651 billion of bonds in 2024
China’s local government financing vehicles (LGFV) need to pay back a record amount of maturing local bonds this year, testing the limits of a central government program to help them refinance their …
China Stress-Tests Global Economy At Moment Of Maximum Anxiety
It’s a reminder of how China is likely to stress-test the global economy as never before in 2024, and a moment of maximum anxiety for Asia. Though Batson points to 2021, the real original sin…
China’s fiscal spending will rise this year, finance chief says
Find out more about subscription packages here. CHINA’S government spending will rise this year, the nation’s minister of finance said, as authorities look for ways to bolster domestic demand and help …
