Growing financial distress in regions across China is raising the risk of local governments defaulting on their bonds, as the nation presses on with its costly zero-Covid strategy.
Tagged By finance
China’s consumer finance firms see outstanding loans reach 710.6B yuan
Total assets owned by consumer finance companies surged to 753 billion yuan at the end of last year, up 43.5 percent from a year ago, said the report issued by the China Banking Association. Consumer…
China’s consumer finance firms see outstanding loans reach 710.6 bln yuan
The number of consumer finance companies in China rose to 30 by the end of 2021 with their outstanding loans reaching 7106 billion …
China asks top banks to provide US$84 billion in property funding: Report
China’s financial regulators have asked its six largest banks to offer at least 600 billion yuan (US$84.32 billion) of financial support to the property sector in a bid to gear up for the deepening …
March 2023: $2bn SAFE China deposits rollover sought
ISLAMABAD: Pakistan has sought rollover of SAFE China deposits of $ 2 billion in March 2023. Nong Rong, ambassador …
China to cut provident fund loan interest rate for first-time home buyers
China’s central bank said on Friday it would lower the interest rate for housing provident fund loans by 0.15 percentage points for first-time home buyers from Oct. 1, suggesting an urgency for …
China just boosted bank liquidity by 843%, adding further pressure on the yuan as the currency suffers its weakest year in almost 3 decades
The People’s Bank of China made the biggest cash injection into its banks since 2019 ahead of a key Communist Party celebration slated for next week.
China’s external debt drops in Q2
China outstanding foreign debt stood at about 263 trillion US dollars at the end of June data from the country forex regulator …
China asks top banks to provide $84 billion in property funding- Bloomberg News
China’s financial regulators have asked its six largest banks to offer at least 600 billion yuan ($84.32 billion) of financial support to the property sector in a bid to gear up for the deepening …
China to refund individual income tax for some home buyers -finance ministry
China will refund individual income tax for home buyers if they sell their homes and purchase a new one in the same city within one year after selling, the finance ministry said on Friday, in…
China Economic Review Sept. 30
China proposes to better conserve resources in key areas such as energy, industry, architecture and transportation, give play to the supporting role of technological innovation, so as to reduce carbon …
China Central Bank Makes Biggest Weekly Net Cash Injection Since Jan 2020
China’s central bank made the biggest weekly liquidity injection on a net basis through short-term bond instruments in more than 32 months, to counteract higher cash demand at the quarter-end. The …
China relaxes FX regulations in response to Fed rate rise – FT
Officials from the State Administration of Foreign Exchange (SAFE) privately communicated a relaxation of the informal limits on transaction in China’s interbank market to foreign exchange brokers on …
