China’s distressed-debt managers have been in turmoil as aggressive lending to embattled developers and unchecked expansion into other areas during the sector’s boom years has beset the $730 billion …
Tagged By finance
China announces 234 arrests in provincial banking scam
Authorities in central China have announced the arrests of 234 people allegedly involved in a scam to bilk people out of their savings with the false promise of high interest rates …
Economic Watch: China’s green finance creates more opportunities for foreign institutions
As China is expediting its green drive, global financial institutions will get a boost. The People’s Bank of China (PBOC) recently included two foreign-funded banks in a lending program designed for …
China’s Henan police arrest 234 over rural banking scandal
Police in China’s Henan province have arrested 234 suspected criminals in relation to a rural banking scandal, the local public security bureau of Xuchang in Henan said on Monday.The work of loss …
External headwinds from China, rising crude prices pose fresh threats to economy
The government will tackle them with fiscal and monetary measures with continued focus on taming inflation, driving growth and converting challenges into opportunities …
China’s August factory activity likely shrank amid COVID flare-ups, property crisis – Reuters poll
Employees work on the production line of vehicle components during a government-organised media tour to a factory of German engineering group Voith, following the coronavirus d …
China state-owned firms’ profit falls 2.1% year on year in January-July
BEIJING: Profit at China’s state-owned firms fell 2.1 per cent to 2.68 trillion yuan (US$387.54 billion) in the first seven months of the year versus the same period last year, the Ministry of Finance …
China’s financial sector: reform and development
Thousands told to evacuate as rivers in KP rise China’s financial sector: reform and development Distribution begins in Sindh: Rs38bn allocated for flood relief efforts: PM Lets …
China’s financial sector: reform and development
Thousands told to evacuate as rivers in KP rise China’s financial sector: reform and development Distribution begins in Sindh: Rs38bn allocated for flood relief efforts: PM Lets …
China’s Malaise
China’s economy is overly indebted, largely because of the Government’s preferred method of delivering stimulus since the Financial Crisis. • This year, the economy has been burdened by their zero …
China’s Bad Debt Funds Are No White Knights in Property Crisis
The savior role is one the asset management companies, or AMCs, were set up to play in the wake of the Asian financial crisis as Chinese banks teetered on the brink of collapse. The biggest…
China, U.S. enter into audit oversight cooperation agreement
China Securities Regulatory Commission (CSRC) and the Ministry of Finance signed an audit oversight cooperation agreement with the U.S. Public Company Accounting Oversight Board (PCAOB) on Friday.
EDITORIAL: Fallout from China’s power problems
The fallout from power rationing in China is likely to undermine its economy and businesses operating there, just as the COVID-19 situation appears to be stabilizing. The forced cuts to factory …
