A rising tide of corporate debt defaults is spooking investors in China’s financial markets and sparking some concern that another banking crisis may be just around the corner. More than 20 mainland firms have failed…
Tagged By financials
‘The opportunity is massive’: Canada Goose to open two retail stores in China
Amid robust financial performance the company’s shares have more than … cent to $265.8 million and net earnings surged 60 per cent. “What excites me about China is the opportunity to speak to the Chinese…
Exclusive: Late to teapot party, ExxonMobil breaks with tradition in wooing China’s oil market
DONGYING, China (Reuters) – ExxonMobil Corp’s global oil marketing … The team included crude oil traders, products marketers and finance staff from Houston, Singapore, Thailand and Shanghai. At a booth at the center of Dongying’s…
China’s increase in private debt a financial stability risk: OECD
China’s rapid increase in private debt and a pick up in borrowing by property developers as real estate prices soar pose a risk to financial stability, the OECD’s latest world economic outlook says. At the…
People’s Bank of China seen cutting its reserve ratio within weeks
The case for the People’s Bank of China to cut the amount of cash lenders are required to hold is getting stronger. Chinese banks racked up 2.93 trillion yuan ($US457 billion) in medium-term loans extended…
Fidelity on the hunt for under-performing Chinese banking stocks, while avoiding pharmas
While big state-owned lenders, including Industrial and Commercial Bank of China and China Construction Bank, have retreated at least 5 per cent this year amid liquidity tightening and corporate bond defaults, the risk reward is…
China Merchants Bank to expand focus on fintech
and the restructuring of human resources to hire more talents specialized in digital and information technologies,” said Chen at a news conference in Beijing. China Merchants Bank will expand its reach outside of just financial…
China’s Mighty Piggy Bank Is Shrinking
China’s much-criticized trade surpluses are declining in a shift that’ll see less of its excess savings recycled into global capital markets. For emerging markets already struggling to cope with rising U.S. interest rates, that prospect…
China cuts import duties on some consumer goods
BEIJING — China is reducing import duties on washing machines, cosmetics and some other consumer goods amid U.S. pressure to narrow its multibillion-dollar trade surplus. The Cabinet announcement Wednesday was the third tariff cut in…
How Will Ant Financial, China’s Fintech Giant, Be Impacted By New Regulations?
Ant Financial, which began as an online payment branch of Jack Ma’s internet marketplace behemoth Alibaba, is now an affiliate company that operates the largest online payments platform in the world. Ant Financial also has…
African finance leaders to debate using China’s yuan as a reserve currency
Central bankers and officials from 14 African nations will discuss the viability of using China’s yuan as a reserve currency for the region, Xinhua reported on Tuesday. Seventeen top central bankers and officials from the…
At Beijing security fair, an arms race for surveillance tech
BEIJING (Reuters) – It can crack your smartphone password in seconds, rip personal data from call and messaging apps, and peruse your contact book. The Chinese-made XDH-CF-5600 scanner – or “mobile phone sleuth”, as sales…
Hongkong Land Officially Opens WF CENTRAL in Beijing
BEIJING, May 30, 2018 /PRNewswire/ — Hongkong Land today officially opened WF CENTRAL, its US$1.2 billion first flagship retail-led project in Beijing. It will play a crucial role in the redevelopment of the historic Wangfujing…
