HONG KONG/SHANGHAI/BEIJING (Reuters) -China has asked banks to enhance financing support for state-backed China Vanke and called on creditors to consider private debt maturity extension, in a rare …
Tagged By financials
Watchdog Says Bankers Misrepresented Risky China-Linked Notes to Korean Retirees
South Korea’s financial watchdog said a probe found that some of the country’s largest brokers misrepresented risky China-linked structured products to retail investors, and it is considering remedies …
China’s annual parliamentary meeting has ended. Here are the key takeaways
China’s weeklong annual parliamentary meetings ended on Monday … At the 2023 parliamentary meeting, Beijing announced an overhaul of finance and tech regulation by establishing party-led commissions …
Morning Bid: Are China’s inflation, capital flows tides turning?
Signs of fatigue on Wall Street and mixed Chinese inflation data will set the tone for Asian markets on Monday, with growing expectations of a landmark policy change later this month from the Bank of…
China’s debt crisis deepens as hidden obligations surface
China is grappling with an enormous debt crisis. Many cities and even whole regions are overwhelmed by financial obligations, pushing local government officials to negotiate debt repayment terms with …
China’s looming crisis: Overwhelming debt threatens economic stability
China is facing another problem: many cities, and even entire regions, are overwhelmed by debt. The financial burdens are so severe that local government representatives have dispatched their …
More than 340 in corruption net as China’s top prosecutors double down on tackling financial crime
Hundreds of members of China’s finance sector were charged with professional crimes such as insider trading last year under renewed efforts to improve monitoring, according to the top prosecutor’s …
China’s job market sees high demand for AI, big data talent: minister
China’s job market has had a strong start, with booming demand for artificial intelligence (AI) and big data talent, the Ministry of Human Resources and Social Security announced at a press conference …
Hong Kong’s Paul Chan says Beijing’s 5% annual growth target ‘not easy, but achievable’ and offers strong backing for local development
Finance chief also says country’s push to open ‘its door wider’ to world will allow Hong Kong to use exhibitions on mainland to promote its own events Chan touches on national emphasis to cultivate …
China Development Bank ups support for urban village renovation
BEIJING, March 10 (Xinhua) — The China Development Bank (CDB), a major policy bank in the country, has stepped up loan support for urban village renovation projects nationwide.
China makes science and tech a budget priority with 10% jump in spending during ‘two sessions’
While there were budget constraints affecting other sectors, science and tech would continue to see “guaranteed expenditure” because of its pivotal role in driving China’s development, according to …
Xi Jinping’s hi-tech push steals the spotlight at China’s ‘two sessions’ as Li Qiang scales back presence
Chinese president’s call to develop home-grown technology and ‘new productive forces’ is top policy direction to come out of political gathering in Beijing, while premier appears to take smaller role …
China’s indebted provinces meet state bankers to discuss debt relief
Lan Fo’an, China’s finance minister, said on Wednesday that Beijing would “gradually reduce risks” of local government debt by cutting the number of LGFVs and pushing local governments to sell …
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