China’s top leaders reinforced the need to stick with the contentious Covid Zero policy, while urging officials to be more targeted with their restrictions so as to avoid damage to the economy.
Tagged By financials
China new bank lending stumbles as COVID flare-ups hit demand
New bank lending in China fell sharply in October from the previous month as COVID-19 outbreaks and a property sector downturn weighed on credit demand. Chinese banks extended 615.2 billion yuan ($84.
China Province Tests Novel Way of Pricing Local Government Debt
The biggest issuer in China’s 34 trillion yuan ($4.7 trillion) local government bond market is testing a new approach to pricing debt, one that’s seen encouraging greater pricing differentiation among …
China’s 100 Richest See Record Plunge In Wealth—Down 39% To $907.1 Billion
Mainland China’s economic and pandemic woes have contributed to the biggest drop in the fortunes there since Forbes began tracking the country’s wealthiest more than two decades ago. The combined …
Russia to give central bank more time to complete Otkritie sale
The logo of Russian bank Otkritie is seen on a board at the St. Petersburg International Economic Forum (SPIEF), Russia, June 6, 2019. REUTERS/Maxim Shemetov …
China’s Oct new yuan loans seen sliding as demand weakens – Reuters poll
China’s new yuan loans likely slumped in October from September, a Reuters poll showed, as stringent curbs to stamp out COVID-19 outbreaks and a property sector debt crisis hurt economic activity and …
Financial markets bet on an end to China’s “zero-covid” policy
If nothing else, the market movements were a reminder of the costs of China’s “zero-covid” strategy, which requires mass testing and frequent lockdowns to stamp out the disease. Few policies are so …
China Construction Bank to finance rental housing
China Construction Bank announced on Tuesday it has set up a 30 billion yuan ($4.14 billion) fund to finance rental housing amid China’s efforts to develop its rental housing market, liquidize remnant …
COP27: Top climate envoy says Beijing committed to carbon neutrality
Xie Zhenhua, China’s top climate diplomat, said Beijing is firmly committed to reaching its carbon neutrality goal, and called on developed nations to deliver on their promise to provide US$100 …
Virus lockdowns hit China economic powerhouse Guangzhou
A surge in COVID-19 cases has spurred lockdowns in the southern Chinese manufacturing hub of Guangzhou, adding to financial pressure that has disrupted global supply chains and sharply slowed growth i …
StanChart CEO Sees ‘Big Boost’ When HK-China Border Reopens
Standard Chartered Plc’s Chief Executive Officer Bill Winters is bullish on the bank’s China business despite the geopolitical tensions and sees things picking up when travel between Hong Kong and the …
China’s central bank grants 250 billion yuan to support private enterprises’ bond financing, including property developers
China’s central bank, the utility of the instruments for private enterprises’ bond financing, also known as “the second arrow,” will be expanded to boost the financing of the country’s private …
Asia markets mixed as U.S. awaits midterm results; China’s producer prices dropped in October
Overnight on Wall Street, U.S. stocks are coming off three-straight days of gains. The bounce for equities may be partly due to the elections, where investors are expecting Republicans to gain ground …
