Ratings agency Fitch revised its outlook on China to negative on Tuesday, citing increasing risks to the country’s public finance outlook. Fitch forecast the general government deficit would rise to 7 …
Tagged By finance
China’s stockbrokers see salaries slashed for second year amid slumping market, crackdown on flashy finance executives
China’s stockbrokers took another pay cut in 2023 as the double whammy of a slumping equities market and a government crackdown on corporate extravagance eroded the incomes of financial workers.
China turns up heat with regulators, banks under the microscope amid focus on financial revamp
Vital economic and financial regulators, as well state-owned banks, will be targetted as part of a round of discipline inspections Inspections will focus on vital finance and economy-related entities, …
China’s overcapacity is here to stay
China’s factories will keep chugging along, regardless of what overseas officials like Janet Yellen say. On Monday the U.S. Treasury Secretary was the latest to warn Beijing not to hobble Western …
China Market Update: Growth Stocks Higher, Why Boss Hog Owns China’s CPI
Asian equities were mixed overnight on light volumes in advance of US inflation data tomorrow, with Indonesia, Malaysia, and the Philippines closed for holiday.
China Tells Mid- to High-End Hotels to Accept Foreign Bank Cards
Chinese hotels with three-star ratings or more have been told to accept payments with foreign bank cards, as the government tries to make it easier for visitors to travel in the country and give the…
China’s ICBC Plans $5.5 Billion Sale of Loss-Absorbing Bonds
Industrial and Commercial Bank of China Ltd. is planning to issue as much as 40 billion yuan ($5.5 billion) of total loss-absorbing capacity (TLAC) bonds as soon as this month, people familiar with …
China’s March new yuan loans seen rebounding, more stimulus expected – Reuters poll
China’s new yuan loans are expected to rebound in March from a sharp drop in February, a Reuters poll showed, as the central bank seeks to bolster economic growth amid expectations for more stimulus …
China and Gulf states changing face of development finance in Africa
As major investors displacing the traditional Western powers, China and the GCC are precipitating a reconfiguration away from the North-South flow of development resources.
Gold hits another record high; China’s central bank adds gold for 17th straight month
Gold futures hit a new record high as central banks increase purchases, including a 17th straight monthly increase from the People’s Bank of China.
UBS Weighs Credit Suisse China Stake Swap With Beijing Government
UBS Group AG is in discussions to attain full ownership of its China platform by swapping its holding in Credit Suisse’s onshore securities venture with a Beijing government investment fund, according …
China’s economy not performing as poorly as thought: Expert
China Beige Book International Managing Director Shehzad Qazi joins Yahoo Finance Live to discuss Treasury Secretary Janet Yellen’s visit to China regarding economic tensions. Qazi says that if the US …
China, U.S. reach important consensus on economic, financial cooperation: vice finance minister
BEIJING, April 8 (Xinhua) — China and the United States have reached important consensus on economic and financial cooperation after in-depth consultations and discussions during U.S. Treasury …
