With global markets still reeling from the failure of Silicon Valley bank, we hear from the CEO of HSBC who bought the UK arm for £1 on Monday. BBC Beijing correspondent Stephen McDonnell reports from…
Tagged By financials
China’s financial market remains stable despite global shockwaves caused by SVB collapse
Following the shockwaves from the collapse of Silicon Valley Bank (SVB) weighed on global bank stocks, China’s stock indexes also dipped on Tuesday due to negative sentiment in global financial …
China’s finance minister backs Hong Kong widening ‘international cooperations’ as he speaks highly of John Lee during Beijing meeting
Chinese finance minister Liu Kun also says Hong Kong’s economic vitality has been revived under Chief Executive John Lee and hopes to ‘also learn’ from city leader High-level exchange marks first …
Local Governments Are Growing More Financially Dependent on Beijing
China’s local governments are growing increasingly reliant on money transferred from Beijing to pay for public services, as a drop in tax revenue and jump in “zero-Covid” costs pushed them further …
China battery giant CATL’s $5 bln Swiss listing delayed amid Beijing regulatory concerns – sources
Chinese battery giant CATL’s plan to raise at least $5 billion in Swiss global depository receipts (GDR) has been delayed as Beijing regulators raise concerns over the large scale of the offering, …
Australia, the UK and US are joining forces in the Pacific, but will nuclear subs arrive quick enough to counter China?
More than a year after the United States, the United Kingdom and Australia dropped the tightly held news they were combining submarine forces, the trio released more details Monday of their ambitious …
China central bank set to inject fresh funds through medium-term policy loan
China’s central bank is set to inject more liquidity when rolling over maturing medium-term policy loans for a fourth straight month on Wednesday, while keeping the interest rate unchanged, to support …
Experts: US bank collapse result of failure to adhere to core activities
The collapse of Silicon Valley Bank will not affect China’s banking industry but has highlighted the importance for banks of adhering to their primary business, serving the real economy, balancing …
China’s Provinces Are Increasingly Reliant on Beijing for Money
China’s local governments are growing increasingly reliant on money transferred from Beijing to pay for public services, as a drop in tax revenue and jump in Covid Zero costs pushed them further into …
China’s New Premier Promises Support for Private Sector
The National People’s Congress has come to a close, with a leadership change putting loyalists to President Xi Jinping in control.
From Data To Finance, China Introduces Structural Reforms
Chinese lawmakers have announced sweeping structural reforms to the country’s top regulatory bodies, from finance to big data.
Silicon Valley Bank collapse hits startups as far away as China
U.S. regulators shut down Silicon Valley Bank on Friday in the country’s second-biggest banking failure. The bank was popular with tech startups, including those based in China and backed by U.S.
China’s Economic Base Is Shrinking, And Dramatically So
It further promises to compound economic ill effects by raising debt levels in this already debt-heavy economy. And there is little Beijing can do to mitigate these unwelcome implications. The crucial …
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