Chinese authorities summoned several state-owned banks and other lenders on Friday to clarify details of closely watched industry probes, local media reported.
Tagged By finance
Why China is unlikely to rescue the world economy again
Beijing’s huge stimulus program helped the West to recover from the 2008 financial crisis. This time, however, China’s post-COVID recovery is patchy and geopolitical issues mean it is unlikely to stop a global recession.
Beijing intensifies crackdown on financial crimes
More than 4,500 financial cases have been solved and over 5,500 suspects arrested since last year, data released by Beijing’s Public Security Bureau showed on Saturday.
Chinese policy bank steps up support for revitalizing NE region
By the end of April, the policy bank had issued nearly 400 billion yuan (about 57.6 billion U.S. dollars) of loans to projects involved in this undertaking, it said. It had also allocated 23.3 billion…
G7 finance leaders vow to contain inflation, strengthen supply chains but avoid mention of China
The Group of Seven’s top financial leaders united Saturday in their support for Ukraine and their determination to enforce sanctions against Russia for its aggression but stopped short of any overt …
Japan’s Kishida says G7 facing historic moment as finance leaders wrap up talks on global economy
Japanese Prime Minister Fumio Kishida says the world is facing a “historic turning point” as the country prepares to host the annual summit of the Group of Seven advanced economies next week in Hirosh …
Forrester Research to axe China jobs after Beijing’s consultant crackdown
Forrester Research, a US tech-focused research group, has told staff it plans to cut the majority of its China analysts after Beijing intensified scrutiny of western consultancies in the country.
G-7 talks focus on ways to fortify banks, supply chains as China accuses group of hypocrisy
For its G-7 presidency, Japan has prioritized launching a partnership with low- and middle-income countries to build “robust supply chains” to help cut carbon emissions. One key area of concern for …
In Xi’s China, Economic Needs May Take a Back Seat to Security
Xi Jinping wants to insulate China from perceived threats from the West. He also wants to promote the country as deserving of foreign investment and clout. Can he do both?
G7 finance chiefs debate reducing supply chain reliance on China
Finance leaders of the Group of Seven (G7) advanced economies discussed the need to make global supply chains more resilient by reducing over-reliance on China, German Finance Minister Christian …
This Week in China: Foreign Funds Stay Well Clear of Bank Stocks
The latest hot stock trade to emerge from China has found little enthusiasm among international investors.Most Read from BloombergNBCUniversal’s Yaccarino in Talks to Run Twitter, WSJ SaysKen …
Slump in China bank loans, prices raise more worries about recovery, adds pressure on central bank
New Chinese bank loans tumbled far more sharply than expected in April, adding to worries that the economy’s post-pandemic recovery is losing steam and putting pressure on the central bank to ease …
G7 finance heads face tricky trade-off in debating steps to counter China
Finance leaders of the Group of Seven (G7) advanced economies will debate this week the idea of implementing targeted controls on investments to China, which analysts see as a double-edged sword that …
