The Asian Infrastructure Investment Bank has been criticised for having alleged Chinese Communist Party influence among its upper ranks.
Tagged By financials
China Says It Caught Foreign Consultant Spying for UK’s MI6
(Bloomberg) — China has detained the head of an overseas consulting firm for allegedly spying on the Asian nation for the British government, putting renewed focus on an industry targeted by …
China forex reserves up to record $3.238 trillion in December: CB
China’s foreign exchange reserves rose in December, official data showed on Sunday, as the dollar fell against other major currencies.
South Korea Watchdog Intensifies Crackdown on China-Linked Notes
South Korea’s regulator will launch a wider probe into local banks and brokers which sold exotic notes linked to Chinese stocks amid concerns that the securities may saddle investors with heavy losses …
Biden, China and the Inter-American Development Bank
For years, in an effort to destabilize our immediate neighborhood, the regime in Beijing has been creeping closer to nations in the Western Hemisphere.
Chinese finance giant Zhongzhi files for bankruptcy: court
Chinese asset management giant Zhongzhi Enterprise Group has filed for bankruptcy and was unable to pay its debts, a Beijing court said on Friday.
China’s Debt Mountain Is Even Bigger Than Feared
Japan’s descent into stagnation is an infamous economic tale known around the world. But at its start, in the early 1990s, it wasn’t abundantly clear what was happening to what was then the world’s No…
China Toxic-Asset Management Firm Goho Says It’s Resolving Debts
Goho Asset Management Co., a distressed-asset management firm backed by the government of China’s Anhui province … distressed assets to rescue troubled businesses and mitigate financial risks, …
Beijing court accepts shadow bank Zhongzhi’s bankruptcy application
Troubled Chinese shadow-banking firm Zhongzhi Enterprise Group’s bankruptcy application has been accepted by a court in Beijing, which would suggest the central government is ready to handle the …
China’s electric vehicle dominance presents a dilemma to the west
Companies such as BYD and Nio are targeting overseas markets, leaving governments torn between encouraging greater take-up and protecting domestic manufacturers …
Chinese Company That Sparked Fears of Financial Contagion Falls Into Bankruptcy
A calamitous year for Zhongzhi, which was a big player in China’s roughly $3 trillion trust sector, led to worries that the world’s second-largest economy was facing a “Lehman moment.”
China Deals with Debt Blow: $64 billion Zhongzhi Collapses, Raising Questions About China’s Finance
China’s $64-billion shadow bank Zhongzhi crumbles! Investors in panic, economy braces for impact. Read this article to know more about this.
Chinese shadow bank Zhongzhi files for bankrupcty
The worsening woes at Zhongzhi, a major player in China’s $3 trillion shadow banking sector — roughly the size of the French economy — add to worries that the country’s property debt crisis is …
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