SHANGHAI (Reuters) – Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as China vows to ease a…
Tagged By financials
Global Banking Woes Put Spotlight on China’s Regional Lenders
A global banking crisis has put China’s struggling regional lenders under new scrutiny following a sharp slowdown in the economy. But recent moves from Beijing should give investors some comfort. As …
China spent $240 billion bailing out ‘Belt and Road’ countries – study
China has lent hundreds of billions of dollars to build infrastructure in developing countries, but lending has tailed off since 2016 as many projects have failed to pay the expected financial …
China’s Cities Are Buried in Debt, but They Keep Shoveling It On
“We should protect and improve the public’s livelihood based on our economic growth and financial health,” the documents said. China is full of wasteful infrastructure that the government likes to …
China’s US$1.35 trillion sovereign wealth fund chooses Hong Kong for first global advisory council meeting outside mainland: sources
It will be first such meeting outside mainland China since the fund’s global advisory council was established in July 2009 The meeting, slated for the second half of the year, has received the …
Shanghai lockdown a year on: Is it still the same financial hub?
Shanghai is referred to as a financial hub because it has the stock market, the banks, the asset-management firms — and because it’s a place where people want to be and be seen. But on…
Beijing to enhance intensity of fiscal policy
BEIJING: China will enhance the intensity and effectiveness of its proactive fiscal policy this year and further improve fiscal and tax measures, Liu Kun, minister of finance, said at the China …
China’s central bank conducts 278 bln yuan of reverse repos
BEIJING, March 28 (Xinhua) — China’s central bank continued to inject funds into the financial system through open market operations on Tuesday. The People’s Bank of China said on its website that it …
Bullish Wall Street forecasts unheeded as China investors shun onshore stock risks, bide time on recovery: Goldman Sachs
via financial contagion. Global institutional investors in Hong Kong now lack interests in China, said Wang Qi, co-founder and CEO of MegaTrust Investment in Hong Kong. “The sustainability of any …
After Doling Out Huge Loans, China Is Now Bailing Out Countries
China has been helping countries that have either geopolitical … the research director for international finance and macroeconomics at the Kiel Institute for the World Economy in Germany and an …
China extends, improves tax relief policies for businesses
For self-employed individuals under the same condition, their corresponding individual income tax payments will be halved. For land used by logistics companies for bulk commodity storage, the land-use …
54 FDI proposals with investor/beneficial owner from China, Hong Kong pending for decision
Finance minister Nirmala Sitharaman on Monday informed the Lok Sabha that 54 FDI proposals with investor/beneficial owner from China and Hong Kong are pending for decision with the government …
The latest US bank crisis is opening doors for China to assert global ascendancy, Yale economist says
The latest bank crisis is opening doors for China to raise its standing in the world, according to Yale economist Stephen Roach. He pointed to recent turmoil rocking the US banking sector, starting …