Indebted developer Country Garden halted trading in some of its corporate bonds. There’s a risk in another corner of the Chinese financial system, too.
Tagged By finance
Bank of China starts nationwide move to reduce salary gap among employees, manager levels -sources
Bank of China Ltd, China’s fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and mid- and high-level managers in response to Beijing’s …
China Finance Giant’s Missed Payments Alarm Regulators, Markets
One of China’s largest private wealth managers has triggered fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield investment products.M …
Biden administration restricts American investments in high-tech sectors in China
President Joe Biden has signed an executive order Wednesday that will restrict American investments in certain high-tech sectors in China, including artificial intelligence, semiconductors, and …
China central bank seen leaving policy loan rate unchanged on Tuesday
China’s central bank is expected to keep rates on its medium-term policy loans unchanged on Tuesday, a Reuters survey showed, despite fresh signs the economic recovery is losing momentum. Tumbling …
Risk to China’s financial sector laid bare as state-backed trust firm misses US$19 million in wealth-management payments
Zhongrong International Trust’s missed payments to three firms spark fears the slow economy may trigger a liquidity crisis beyond the property sector Firm’s possible defaults ‘will sour sentiment on …
Why China’s Markets Are Being Rocked By Fears of Contagion
China’s economy and markets are wrestling with fresh financial woes as missed payments on trust products are rekindling concerns over contagion into a $2.9 trillion part of the country’s shadow …
China to strengthen financial support for flood-hit regions
BEIJING — China will enhance credit support for infrastructure reconstruction and upgrading in disaster-stricken areas to help people and businesses tide over difficulties, the National …
China’s Country Garden suspends trading of onshore bonds amid talk of debt restructuring
Country Garden, one of China’s top property developers, suspended trading in 11 of its onshore bonds on Monday, adding to speculation the company may be preparing to restructure its debt as it …
China urges banks, insurers to step up support for flood-stricken firms
China is pushing banks and insurers to step up support to flood and disaster-stricken companies and business owners to speed up their return to normal operations, its financial regulator said in a …
In the Market: Funds fret over the fallout of Biden’s China order
Fund managers are worried the Biden administration’s move to restrict some outbound U.S. investment to China will further fuel anti-Beijing sentiment in Washington and prompt more limitations.
China Shadow Banking Giant Alarms Investors With Missed Payments
One of China’s largest private wealth managers is triggering fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield products.
China sends finance experts to tackle regions’ debts
Since 2015 China has undertaken repeated attempts to curb debt issuance by LGFVs, which ballooned as infrastructure and property spending fuelled booming economic growth but resulted in many …
