Chinese economist flags two key risks that could pressure the yuan: weaker-than-expected fiscal expansion and a further contraction in the property market The yuan has lost roughly 6 per cent against …
Tagged By finance
China’s Nov New Yuan Loans Seen Rising on Policy Support: Reuters Poll
BEIJING (Reuters) – China’s new loans are expected to have jumped in November from the previous month and exceeded the year-earlier amount, a Reuters poll showed, as the central bank works to shore up …
China to spur domestic demand, economic recovery in 2024 – state media
China will spur domestic demand and consolidate and enhance the economic recovery in 2024, the Politburo, a top decision-making body of the ruling Communist Party, was quoted by state media as saying …
Moody’s told staff to WFH before it slashed China’s credit rating as it feared authorities might retaliate: report
Moody’s told its China-based staff not to come into the office before it slashed the country’s credit rating, per the FT.
Experts: Bank rating downgrades unjustified
A view of the booth of China Development Bank during an expo in Beijing. CHINA DAILY . China’s State-owned banks have been operating very stably with good capital conditions, low …
Emerging Markets Appear Solid Bet to Attract Money Leaving China
The big winners from rising skittishness over the investment environment in China appear to be emerging markets such as India, the chief market strategist at financial advisory and asset-management …
Xi Jinping tightens control over China’s financial system
Financial analysts are concerned that, even as Beijing welcomes foreign business, such transactions will be subject to strict government oversight. Politics will “further dictate China’s finance,” a …
China Focus: “Big Four” banks in full drive to build China into a financial powerhouse
Exclusive interviews with heads of the four state-owned lenders — Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC) and China Construction Bank …
Punish Chinese money-launderers and banks who finance the trade in fentanyl
Yet, rather than holding Xi and the Chinese Communist Party accountable, the Biden administration appears to be bending a knee to Beijing once again. Biden welcomed Xi to San Francisco last month, …
China’s real estate crisis is coming for its massive shadow banks
Moody’s surprise downgrade of China’s credit outlook this week has reinforced concerns that the crisis in the country’s real estate market is spilling over into the wider economy.
China capable of defusing debt risks, experts say
China is expected to completely defuse hidden local government debt risks in around four to five years, and the debt stress is unlikely to trigger systematic financial risks that would derail China’s …
Assessing the Health of China’s Banking, Property Sectors
Shujin Chen, head of China financial & property research at Jefferies, discusses the prospects for the country’s lenders and property developers. On Wednesday, Moody’s Investors Service cut its …
Moody’s cuts Hong Kong, Macau and bank rating outlooks following China move
Moody’s put Hong Kong, Macau and swathes of China’s state-owned firms and banks on downgrade warnings. Read more at straitstimes.com.
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