China Banking Corp. boosted its earnings by 39 percent to P10.1 billion in the first half, from P7.3 billion in the same period last year, after hitting a record P5 billion in the second quarter.
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Iron ore price hits 4-week high boosted by rebounding steel margins in China
Twelve blast furnaces in China have resumed operations as margins improved, Chinese metals information provider SMM reported.
China Targets $148 Billion in Financing for Cash-Strapped Developers – FT
China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as it tries to revive the debt-stricken sector …
Asia credit investors feel the pain of China property exposure
China’s crisis-hit property sector has driven underperformance this year in some Asia-focused credit funds, including one led by a former Lehman Brothers portfolio manager, pummelling their returns …
China Economic Review Jul. 28
Recently, China released the New Urbanization Implementation Plan during the 14th Five-Year Plan period (2021-25), which comprehensively deployed the goals, tasks, policies and measures to promote new …
China’s central bank seeks to mobilise $148bn bailout for real estate projects
Beijing is seeking to mobilise up to Rmb1tn ($148bn) of loans for stalled property developments, in its most ambitious attempt to revive the debt-stricken sector and mollify home buyers who are …
China’s central bank targets $148 billion in financing for cash-strapped developers – FT
A key pillar of the world’s second-largest economy, China’s property sector has been lurching from one crisis to another, and has been a major drag on growth over the past year. A revolt by homebuyers…
China Banks Rush to Raise Record Debt as Credit Losses Mount
Chinese banks are rushing to boost capital as they prepare for a potential spike in bad loans due to the economic slowdown and spreading housing crisis. Most Read from BloombergRockstar Games Cleaned …
China’s Blistering Heat Strains Power Grids and Disrupts Farming
Scorching temperatures across China are straining power grids as the country tries to ramp up industrial activity to support the economy, while farmers scramble to save crops such as rice and cotton …
SEC chief puts Washington and Beijing on the clock with $1.3 trillion of U.S.-listed Chinese stocks at stake
Gensler says the U.S. and China need to strike an agreement “soon” if American inspectors stand “any chance” of completing their reviews of Chinese auditors this year.
Exclusive: UBS plans to expand China footprint with new mutual fund unit
UBS Group AG plans to set up a wholly owned mutual fund business in China, two people with direct knowledge of the matter told Reuters, as the Swiss bank seeks to expand its footprint in…
What to Watch for in China’s Politburo Meeting, From Property Crisis to Covid Zero
China’s leaders will have the chance to revisit this year’s ambitious official economic growth target during a meeting of key policy makers expected this week. Most Read from BloombergRockstar Games …
IMF says Sri Lanka needs to talk with China about debt restructuring
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state’s government seeks a financing loan from the …
