BESG’s ratings are notched down from Fitch Ratings’ internal assessment of the creditworthiness of Beijing municipality, according to Fitch’s Government-Related Entities (GRE) Rating Criteria. BESG’s …
Tagged By financials
China Will ‘Unswervingly’ Support Healthy Development of Private Economy – Vice Premier
China’s vice premier Liu He said on Thursday that China will “unswervingly” support the healthy development of the private economy, as well as exploring ways to alleviate pressure from rapidly rising …
China Evergrande’s Main Unit Suspends Bond Trading, Shares Tumble
China Evergrande’s 8.75% June 2025 dollar bond was trading at 29.375 cents on Thursday morning, up about 4 cents from lows on Wednesday, according to Duration Finance.
Asian shares mostly lower on lackluster China, Japan data
Stocks were mostly lower in Asia on Thursday after Japan and China released data that were weaker than expected. Shares fell in Tokyo, Shanghai, Hong Kong and Seoul but rose in Sydney. Japan reported …
China to issue 8 billion yuan of bonds in HK on Sept 23
China’s Ministry of Finance will issue 5 billion yuan ($777.6 million) of 2-year and 2 billion yuan of 5-year yuan-denominated bonds in Hong Kong on Sept. 23, according to an announcement on Thursday.
China State Planner Approved 11 Fixed-Asset Investments in August
China’s state planner the National Development and Reform Commission said it approved 11 fixed-asset investment projects worth 100.6 billion yuan ($15.64 billion) in August, according to a …
A Chinese property giant is a $300 billion time bomb for Beijing
(Imaginechina via AP Images For decades, the Chinese developer Evergrande Group was an embodiment of the success of the rapidly growing Chinese economy. Increasing disposable personal income fueled a …
China Probes ‘Blind Box’ Funds for Contract Compliance – China Securities Journal
China is probing “blind box” funds to ensure that investment positions are in compliance with the stated contractual terms, the China Securities Journal reported on Thursday. The news comes as chaotic …
BOC, DBS and HSBC join GSBN to form Trade Finance Advisory Group to Transform Global Trade
James Ho, Deputy General Manager of Transaction Banking Department from Bank of China (Hong Kong) (“BOCHK”), said, “BOCHK is pleased to deepen our collaboration with GSBN by becoming a key member of …
China retail sales miss expectations, Casino stocks tumble amid concerns of China gambling regulations
Yahoo Finance’s Brian Sozzi and Julie Hyman break down the latest retail sales data from China, as well as gambling regulatory concerns in China sending U.S. Casino stocks lower.
China’s bitcoin mining crackdown reaches northern province surrounding Beijing
The cyberspace watchdog of Hebei announces a clampdown on cryptocurrency mining and trading, the latest province to heed Beijing’s call.
Yum China: Delta variant could lead to profit falling 50%, Weber shares surge after first earnings report since going public
Yahoo Finance’s Brian Sozzi and Julie Hyman discuss the recent warning on profit declines from Yum China, and the first earnings report from Weber since going public.
China Is Making Smart Money
China’s fintech activity is evolving swiftly. The only way for the U.S. government to thwart this long-term threat is to act immediately to ensure that Chinese innovation is not the only game in town …
