Authorities in Anhui province’s Bengbu city issued a similar statement, saying they will start repaying clients at a bank there from the same date. Separately, the China Banking and Insurance …
Tagged By finance
China Mulls Seizing Builders’ Idle Land to Fund Frozen Projects
China is considering a plan to seize undeveloped land from distressed real estate companies, using it to help finance the completion of stalled housing projects that have sparked mortgage boycotts …
China’s Henan, Anhui provinces to make more repayments to rural bank scandal victims
BEIJING, July 29 (Reuters) – Financial authorities in China’s central Henan and eastern Anhui provinces … a new report from researcher Morningstar Inc, showed on Thursday. Finance Ex-JPMorgan …
China’s factory activity seen expanding at fastest pace in a year
China’s factory activity likely expanded at the fastest pace in a year in July, a Reuters poll showed on Friday, as production in COVID-hit manufacturing hubs resumed after emerging from lockdowns …
Smart money snaps up China stocks as market rebounds
Elite fund managers have been busy building new positions in Chinese companies as the country’s stock market rebounds from heavy falls.
China’s ‘Zero Covid’ Mess Is Infecting Asia’s Economies
China’s gross domestic product miss is dragging neighbors down, too. ADB just lowered its growth forecast for developing Asia to 4.6% from 5.2% this year largely thanks to slowing Chinese growth. Yet, …
Jack Ma escapes Beijing’s crosshairs by giving up his power
Jack Ma is taking a weeks-long tour in Europe after largely disappearing from public view for almost two years, adding to signs that China’s government is easing pressure on the entrepreneur as he …
China’s ‘common prosperity’ drive slashes pay and perks for investment bankers
HONG KONG, July 29 – China’s well-heeled financial dealmakers are getting a crash course in austerity with pay cuts and perks reined in, as their state-owned employ …
Excess Cash Piles Up in China Havens Instead of Flowing Into Real Economy
China’s top leadership is committing to ample liquidity as the nation contends with a slowdown. So far, a lot of that cash is sitting in the financial system instead of being transmitted to the real…
China’s Politburo Signals No Big Stimulus Despite Slowdown
China’s top leadership gave a downbeat assessment of economic growth but didn’t announce new stimulus policies at a key meeting, calling on officials to ensure that housing projects are completed …
Can the West dismantle China’s pan-Asian railway dream?
Fast train plans are a concern for Western nations worried about China’s growing influence in the region. There is something awfully permanent about a train line once it’s in.
Deglobalisation’s China wild card
China had timed its WTO membership bid perfectly, just when the global trade cycle was on a major upswing. While the financial crisis took a brief toll on Chinese export momentum, the interruption was …
Slowdown in China ripples through corporate earnings
Several multinationals in the second quarter have all cited weakness from the Chinese market as a challenge they’ve either been hindered by or have to overcome.
