Foreign investors were net purchasers of onshore yuan bonds in June, while expectations in China’s foreign exchange market remain stable and cross-border capital flows are basically balanced, a state …
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China Has Ample Tools Even in ‘Panic’ Yuan Drop, PBOC Paper Says
China has ample tools to stabilize the foreign-exchange market even if the yuan enters a “panic” slide, according to a commentary in the Chinese central bank-backed Financial News.The commentary, …
Moderna announces China investment as country opens doors to foreign pharma
China signals a warmer welcome for Western pharma giants just as Treasury Secretary Janey Yellen leaves for Beijing.
Troubled power plant leaves Jordan indebted to China, raising concerns over Beijing’s influence
The $2.1 billion Attarat power plant has fueled tensions with Beijing and set off an international legal battle.
Opinion: China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?
The second would be to pass legislation that requires China to abide by international norms and rules of finance, trade and commerce. This would include abiding by the transparency rules of capital …
Jordan’s debt to China soars as troubled power plant sparks concerns about Beijing’s influence
To Jordan’s surprise, Chinese banks offered Jordan over $1.6 billion in loans to finance the plant in 2017 … American officials portrayed the Attarat contract as a case of Beijing’s “ debt trap …
Stock futures fall amid China headwinds, with Fed minutes ahead: Stock market news today
Stocks dropped at the open on Wednesday, as traders returning from the Independence Day break eyed headwinds for the global economy and await for the release of Federal Reserve minutes from the last …
China’s Weakening Currency Is Becoming a Headache for Its Central Bank
The onshore yuan has lost around 4.8% of its value since the start of the year, leading the People’s Bank of China to try to strengthen it.
China’s PBOC Eyes Stability Amid Recovery Woes
I’m Jill Disis, a China economy and government editor in Hong Kong. Today we’re looking at a recent leadership shakeup at China’s central bank. Send us feedback and tips to ecodaily@bloomberg.net or …
Hong Kong cannot just be ‘China’s financial centre’, it must be counted among top global hubs, HKMA’s Eddie Yue says
Hong Kong will continue to develop as a global finance hub and will not just be viewed as China’s offshore financial centre, HKMA CEO Eddie Yue tells Official Monetary and Financial Institutions Forum summit.
China’s Fiscal Policy: What Are the Second-Half Priorities for 2023?
With China’s economic growth under pressure, local government debt risks have drawn much attention, and the direction of the country’s fiscal policy in the second half of this year has become the …
China bank shares slump in Hong Kong after Goldman downgrades
SHANGHAI (Reuters) -Chinese banking shares listed in Hong Kong tumbled on Wednesday after Goldman Sachs downgraded top lenders including Agricultural Bank of China (AgBank) in a report that raised …
China In Default On Trillion-Dollar Debt To US Bondholders, Policy Expert Says ‘Failure To Act Needs To End Now’
The American Bondholders Foundation (ABF), a private group of American citizens, holds a large quantity of these gold-denominated bonds, valued at well over $1 trillion. The U.K. reached a settlement …
