As concerns mount over disappointing economic figures, Beijing gathers major firms to remind them of its commitment to their continued success.
Tagged By financials
Mutually assured financial destruction won’t deter China
America’s economic reliance on China won’t prevent a Sino-American War. Indeed, it might even make a conflict more likely.
China battles major capital outflow, yuan under pressure
China’s economy is currently grappling with a significant capital outflow, the largest it has seen in years. This situation is causing major distress to its already struggling currency, the yuan, and …
China’s worst capital outflow in years spells more Yuan pressure
That was the case in the aftermath of a shock currency devaluation in 2015 and during China’s trade war with the US under the Trump administration, when Beijing needed to tighten capital curbs and boost…
WRAPUP 1-China’s cash-squeezed Country Garden faces another dollar coupon deadline
It was not immediately clear if authorities had engineered the support by the two firms, but Beijing has previously bailed out troubled financial firms by roping in state-owned entities to contain broader contagion risk. On…
Foreign investors are shunning Chinese stocks and bonds as Beijing’s economic headache builds
Foreign investors offloaded $188 billion worth of Chinese assets between December 2021 and June 2023, per data from Bloomberg.
China c.bank, forex regulator meet with foreign companies
BEIJING, Sept 18 (Reuters) – China’s central bank and forex regulator on Monday met with foreign financial institutions and companies, including Morgan Stanley, HSBC, Deutsche Bank and Tesla, …
Chinese state firms’ help to troubled shadow bank does little to address investor concerns
The involvement of two Chinese state-owned financial firms in Zhongrong International Trust Co’s operations and management may diffuse risk at the troubled shadow bank but does little to ease concerns …
UPDATE 1-China’s yuan will stabilize as domestic prices bottom out – c.bank publication
China’s yuan will stabilize after improvements in recent economic data and the bottoming out of domestic prices, state-owned media said on Monday. China’s falling interest rates have effectively …
China’s Yuan Will Stabilise as Domestic Prices Bottom Out – Central Bank Publication
The PBOC has persistently set firmer-than-expected daily fixing to cap the downside room in the yuan, and it lowered the amount of foreign exchange banks must set aside last week to slow the pace of…
5 things you need to know about China’s shadow banking crisis and what it means for investments
Bear in mind that a lot of Chinese consumers invest in the shadow banking industry due to the more attractive rates on offer compared to traditional banks. A collapse in the sector will affect …
China Evergrande Shares Dip After Police Detain Some Staff of Wealth-Management Unit
By Sherry Qin China Evergrande Group’s shares dipped after police in southern China detained some staff at its wealth-management unit, adding to
China’s financial institutions see assets increase in Q2
The country’s financial institutions saw their combined assets increase 10.3 percent year-on-year to 449.21 trillion yuan ($62.58 trillion) by the end of Q2, while their combined liabilities rose 10.6 …
