Chinese stocks fell, with the benchmark index on track to erase its gains for the year, as a weaker yuan and developers’ debt woes added to persistent worries over growth and geopolitics.
Tagged By financials
China’s state-owned firms could get better credit ratings, valuations as Beijing pushes for manufacturing upgrade, analysts say
The government has urged SOEs to shift their investment focus from infrastructure construction to hi-tech manufacturing Though likely to entail bigger capital expenditure, the ‘outcomes should be …
Chinese investment bank CICC cuts pay 40% as Beijing broker crackdown roils bonus season
CICC pay to bankers has historically been on par with global firms such as Goldman Sachs and UBS. Read more at straitstimes.com.
Beijing-based Commerce & Finance Adds Ex-Norton Rose Corporate Finance Partner In Hong Kong
Terence Lau, who was previously a partner at Norton Rose Fulbright and at Hogan Lovells, has joined the Hong Kong office of Chinese firm Commerce & Finance Law Offices.
U.S. House votes 400-5 to pass China Financial Threat Mitigation Act
One thing, maybe the only thing, you will see Democrats and Republicans in Washington agree on is that China is bad.
China Risks Another Debt Crisis to Keep the Lights On
Builders of electricity grids find themselves constantly navigating between crises.
Don’t panic about China’s or America’s falling birthrates
China shocked the world earlier this year with news its population fell in 2022, For the first time since the Maoist famines, deaths outnumbered births and the headcount slipped by 850,000 to a mere 1…
Hungary’s Orban says Europe should not align with US ‘in relation to China’
Hungarian Prime Minister Viktor Orban wants the European Union to “stand on its own interest in relation to China” rather than align with the United States.
House passes bill requiring Treasury report on economic risks from China
The House passed a bipartisan bill directing the Treasury Department to issue a report on risks posed by China’s financial sector.
China Fears U.S. Debt Default as Much as Anyone
A financial crisis triggered by a partisan impasse over the debt ceiling, analysts say, would have disastrous consequences for the U.S. economy as well as the markets of its allies and adversaries, …
China Vows to Stabilize Growth, Curb Risks by Boosting Audits
China pledged to step up auditing work this year to ensure that Communist Party officials are enforcing the nation’s major policy initiatives, including stabilizing economic growth, employment and …
China Hopes World Has Adequate Immunity from Effects of Debt-Driven US Financial Risks
China has expressed the hope that the United States, as the world’s largest economy, will not attempt to shift its financial risks onto the international community, Chinese Foreign Ministry …
Chinese banks seek to nurse bruised interest margins with deposit-rate cuts as slowing economy bloats savings
China reforms bank deposit rate regime to unleash liquidity for businesses Starting Monday, the four largest state-owned banks have been urged to lower the deposit rate ceilings on some agreement …