[Photo/IC] BEIJING – With reforms of China’s financial regulatory system basically completed at the central level, the country is now advancing such reforms at the local level. At the central level, …
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China’s Solar Firms Set to Lower Annual Growth Targets as Profits Crumble
China’s solar industry is likely to set lower expansion targets in 2024, as financial stresses and grid constraints make it challenging to match last year’s explosive growth.
Country Garden faces liquidation petition in new blow to China property sector
Country Garden Holdings said on Wednesday a liquidation petition has been filed against the embattled developer for non-payment of a loan worth $205 million, adding to the woes for China’s liquidity …
US warned of strategic loss of Pacific Island nations to China in fresh funding dispute
Palau, the Marshall Islands, and the Federated States of Micronesia are currently “under pressure” and may be forced to turn to China for financial help. If this goes through, US defence officials …
New leak exposes China’s reliance on freelance hacking companies
A trove of leaked documents is providing government officials and security researchers a rare public glimpse inside I-Soon, a private China-based offensive cybersecurity company. Why it matters: The …
China Bank nets record P22 billion
MANILA, Philippines — Higher core business revenues boosted the net income of Sy-led China Banking Corp. by 15 percent to hit an all-time high of P22 billion in 2023. “Our strong growth in 2023 …
US could lose strategic Pacific islands to China over blocked funding
United States defence officials have warned the US may lose ground to China if it does not grant funding to vital island nations used by the military in the Pacific.It comes after the leaders of…
China’s State-Backed Funds Have Bought $57 Billion of Stocks, UBS Says
China’s state-backed funds have poured more than 410 billion yuan ($57 billion) into onshore shares this year in a bid to prop up the market, according to estimates by UBS Group AG, which expects …
Why isn’t China letting Russia take out yuan loans in their ‘no-limits’ partnership?
Analysts say that while enhanced financial ties between the two countries could help internationalise China’s currency, Beijing tends to play it safe when upholding its neutrality regarding the war in …
Global Times: Now it’s time to phase in market-oriented, law-based, internationalized oversight system to guide China’s stock market growth: scholar
There is a consensus among Chinese regulators over the need to ratchet up the confidence of market participants to draw further investment to the equities market.
China’s Ongoing Market Crackdown: Signals of Unlearned Lessons?
These measures could negatively impact investor appetite and raise doubts about market transparency and price discovery. Analysts argue that China should prioritize economic reforms to rebuild …
Smith and Nephew lifts outlook as medical device revenue growth offsets China slowdown
It wasn’t all plain sailing for the medical tech giant however, with its operating profit for the year down to £335m, from £356m.
What are shadow banks and why are they failing in China?
Shadow banks, such as Sichuan Trust and Zhongzhi, are non-bank financial institutions, such as credit guarantee companies, hedge funds and asset management companies, that provide some of the key …
