Mitsubishi Motors Corp will take a one-time hit of 10.5 billion yen ($78.31 million) related to slowing sales at its China unit, it said on Tuesday, as mounting competition in the world’s largest auto …
Tagged By finance
Illegal fundraising cases drop in China for 3 consecutive years
Cases of illegal fundraising have decreased in China for three consecutive years, and so has the amount of money and people involved, according to a recent cross-ministry meeting. The relevant meeting …
China’s Politburo meeting critical for traders as they eye new bets after reopening, AI trades fade
Traders will be looking for policy clues from the Politburo meeting headed by President Xi Jinping in Beijing this week as the Communist Party’s top decision-making body reviews the country’s …
Investor confidence in China’s yuan and financial markets hangs on stability
China’s strong economic fundamentals are a big plus in its push for renminbi internationalisation. The trick lies in liberalising its financial markets at just the right pace, without exposing them to …
China’s local government debt risk controllable: experts
China’s overall government debt ratio remains low compared with other major economies, and the country’s local government bond debt risk is controllable, as a strong economic rebound provides support …
Exclusive-China guides banks to further cut deposit rates – sources
China nudged banks this month to cut deposit interest rates further, seven people with knowledge of the matter said, in the latest effort to channel the country’s vast savings pool into spending and …
US urges South Korea not to fill chip shortfalls in China if Micron banned, Financial Times reports
The United States asked South Korea to urge its chipmakers not to fill any market gap in China if Beijing bans memory chipmaker Micron Technology Inc from selling chips, the Financial Times reported …
China Province Steps Up Its Plead for State Aid on Debt Woes
One of China’s poorest and most indebted provinces is making a stronger push for state help to diffuse its financial risk, after local authorities recently sought to draw Beijing’s attention to the …
China and Singapore collaborate to implement sustainable financing
Reportedly the joint venture of Monetary Authority of Singapore and People’s Bank of China will also include China-Singapore Green Finance Taskforce (GFTF) …
China’s new private pension scheme draws $2.9bn in contributions
Contributions to China’s fledgling private pension accounts have reached about 20 billion yuan ($2.9 billion) since their inception in November, with just under 70% of the funds invested, Caixin has …
US-China Tensions: What a new Cold War means for central banks
It will require not just setting borrowing costs, but anticipating long-term ramifications of fractured supply lines. Central bankers will need to get used to aligning their stances even more closely …
ING sues China’s ICBC for copper deal losses, seeks US$170 million in damages: report
ING alleged ICBC breached contract terms because it released export documents for copper transactions without collecting payment, court filing says.
China and Singapore’s groundbreaking financing collaboration
China and Singapore have taken a bold step in forging a groundbreaking financing collaboration to create a more sustainable future. The two major Asian economies have established the China-Singapore …
ADVERTISEMENT
