BEIJING (AP) — Asian stock markets tumbled Thursday after Wall Street sank as a plunge in Credit Suisse shares reignited worries about a possible bank crisis following the failure of two U.S. lenders.
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China, Hong Kong stocks fall as growing banks turmoil unnerves investors
Hong Kong, Mar 16 (Reuters) – China and Hong Kong stocks fell on Thursday, weighed by new energy and oil stocks, as Swiss regulators’ unprecedented move to pledge a liquidity lifeline to top lender …
UPDATE 1-China will reduce number of high-risk institutions, defuse ‘bombs’ – central bank
BEIJING, March 15 (Reuters) – China will steadily reduce the number of high-risk institutions to help fend off systemic financial risks，its central bank said on Wednesday Reforms of problematic small …
Taiwan warns Honduras against ‘poison’ of aid from China
Honduran Foreign Minister Eduardo Enrique Reina said on Wednesday the decision to switch allegiance to China was partly because Honduras was “up to its neck” in financial challenges and debt – …
China’s financial institutions’ assets rise in 2022
BEIJING, March 15 (Xinhua) — China’s financial institutions saw a steady expansion in assets by the end of 2022, official data showed Wednesday. The country’s financial institutions saw their …
China’s central bank warns against US, Western ‘suppression’
It is unusual for the central bank to comment on foreign policy given its responsibility is finance, suggesting that China is signalling it is ready to deploy a wide range of countermeasures in …
Bipartisan politics real cause of banking woes: China Daily editorial
The closure of Signature Bank on Sunday further fueled panic over the financial health of the country’s banking system, even after the Joe Biden administration took emergency measures to guarantee …
Silicon Valley Bank collapse sounds alarm in China over financial risk amid push for tech innovation
“We must design a business model that can cover the potential loss in supporting scientific and technological innovation enterprises,” he wrote in an article published on Tuesday by China Finance 40.
Bank Failure a Headache for China’s Tech Sector
It’s not clear where Chinese firms will move their money now that their ‘go-to’ tech bank collapsed. Asian markets breathed the sigh of a relief rally on Wednesday, as the fallout from the failure of…
Oil rises on China demand hopes, fading bank crisis fears
Oil rose almost 1% on Wednesday, after hitting a three-month low in the previous session, as Chinese economic data bolstered hopes for a demand recovery and concern in the wider markets eased of a …
China’s 2023 economic growth target ‘achievable’ with potential for upside, says UBS strategist
China’s 2023 economic growth target of around 5 percent unveiled at the two sessions is attainable, with potential for upside as the world’s second-largest economy stages a steady recovery, an analyst …
China’s top bank vows to counter US ‘containment’
The People’s Bank of China has pledged to improve the financial system after the collapse of SVB that shook the market. (Wiki/Max12) BEIJING: The People’s Bank of China said it will respond in an …
SVB collapse offers lesson for China: State media
The collapse of Silicon Valley Bank (SVB) will not affect China’s financial system but offers an important lesson for the country’s banking industry, the official Securities Times has said. An …
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