A newly surfaced video from Henan shows a long queue of armoured tanks deployed on the street of China to prevent the citizens from getting to the bank to withdraw their own money …
Tagged By finance
VC funding by China startups plunge 38.5% YoY to $29.1 billion in H1 2022, finds GlobalData
A total of 1,880 venture capital (VC) funding deals of worth $29.1 billion were announced in China during the first half (H1) of 2022. Although this is the highest capital raised by startups in any…
Tiananmen Square 2? Tanks roll out to ‘protect’ banks in Henan as China’s financial crisis worsens – 5 points
The numbers already show a bleak scenario. Latest GDP data reveals China’s slowest economic growth since early 2020.
Here’s How China Might Respond to a Taiwan Visit by Nancy Pelosi
From frothy rhetoric to fighter jet incursions, China rarely leaves even a low-level exchange between the US and Taiwan unanswered. The question now is how far Beijing will go to signal its …
China’s Top Steel Mill Adds Its Voice to Industry’s Alarm
The world’s top steelmaker has added its voice to the growing sense of alarm among China’s mills over crisis conditions in the industry due to poor demand and plunging profits. Most Read from …
China’s Credit Market Rocked by More Debt Delays, Plunging Bonds
China’s credit market is now showing stress on an almost daily basis, as a worsening property crisis shatters assumptions about safe borrowers and even Chinese investors turn against troubled debtors.
China deploys bad-loans expert to clean up Henan’s festering banking and property mess
Henan Asset Management Corporation (AMC) appears to be one of the first local AMCs to help tackle difficulties of property developers in the current round of crisis A proposed rescue fund is expected …
US-China tensions threaten weaker economies, climate change and war
The divisions between the two most powerful countries on Earth are widening so quickly that international observers say an epoch-defining change is under way -t he US and China are ‘decoupling’ …
China Fines Didi $1.2 Billion After Wrapping Year-Long Probe
China fined Didi Global Inc. more than 8 billion yuan ($1.2 billion), wrapping up a year-long probe into the ride-hailing giant that’s come to symbolize Beijing’s bruising campaign to rein in its …
China investors call it quits as Xi, ‘zero COVID’ sap confidence
Once a regular investor in Chinese tech companies, Lian now views China as an increasingly risky bet as the country’s autocratic turn under Xi Jinping and ongoing “zero COVID” lockdowns cast a cloud …
China to repay more depositors to defuse rural bank scandal
Chinese regulators took fresh steps on Thursday to defuse anger over a banking fraud that has sparked high-profile protests, by announcing a second round of repayments to depositors whose funds were …
China to repay more victims next week in biggest bank scam
Regulators won’t make repayments for accounts that are suspected to have involved illegal activities Read more at straitstimes.com.
China’s Top Performing Fund Ramps Up Energy Bets, Cuts Property
China’s top-performing mutual fund this year doubled down on energy stocks in the second quarter while cutting exposure to property names, a strategy that handed a 15% return. Most Read from …
