Beijing’s No.3 Intermediate People’s Court held an open trial for He Xingxiang, former vice president of the China Development Bank (CDB), for taking bribes, illegally issuing financial notes, …
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Ex-China Development Bank VP tried in open court amid anti-graft push in banking
Beijing’s No.3 Intermediate People’s Court held an open trial for He Xingxiang, former vice president of the China Development Bank (CDB), for taking bribes, illegally issuing financial notes, …
Former bank official charged with bribery
Prosecutors said from 2006 to 2021, He made use of his multiple positions including as head of the Hainan and Shandong branches of the Bank of China, vice president of the Agricultural Development …
China is burning more coal as historic heatwave cripples its hydroelectricity capacity
China is facing its worst heatwave and drought in over half a century and turning to more coal use, including higher imports of Russian coal.
Half of Sri Lanka’s bilateral debt in Beijing’s hands
According to official data from the Ministry of Finance, China is followed by Japan at 32% and India at 10%. The International Monetary Fund wants an agreement with the creditors to grant the short-te …
EXCLUSIVE Allianz in talks with banks for China asset management venture -sources
Allianz SE is in talks with Chinese banks to set up a majority-owned asset management venture in the world’s second-largest economy, two people with direct knowledge of the matter said, aiming to tap …
China developer Shimao looks to repay $11.8 billion debt over 3-8 years -sources
HONG KONG (Reuters) -Cash-strapped Chinese developer Shimao Group has proposed a two-class restructuring plan to offshore creditors to repay $11.8 billion over a period of three to eight years, …
China to Waive Some Africa Loans, Offer $10 Billion in IMF Funds
China, the largest government creditor to emerging economies, said it will forgive 23 interest-free loans to 17 African countries and redirect $10 billion of its International Monetary Fund reserves …
China’s Central Bank Prods State Banks to Step Up Lending
China’s central bank called on the biggest state banks for increased lending to support the world’s second-largest economy, which has suffered renewed weakness from Covid-19 lockdowns earlier this …
China can’t ignore the US’ rising interest rates – it is not Japan
Japan, which has been trying to raise the inflation rate for decades, is sticking to an ultra-loose monetary policy in the face of US hawkishness In China, such an approach carries the risk of rising…
China allows Indian students to return for studies after two years of COVID; opens visa application
China on Monday announced plans to issue visas to hundreds of Indian students stranded at home for over two years due to Beijing’s strict COVID restrictions, besides various categories of travel …
Searing Heat to Weigh on China’s Metals Output and Steady Prices
Scorching temperatures across China are likely to suppress metals production and put a floor under prices that would otherwise be suffering from tepid demand.Most Read from BloombergHome Sellers Are S …
China lines up €29bn bailout for country’s construction sector
China will offer 200 billion yuan (€29.3bn) in special loans to ensure stalled housing projects are delivered to buyers, people familiar with the matter said, ramping up financing support for its …
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