Authorities in Hangzhou, the capital of China’s Zhejiang province, are planning to buy homes and rent them at affordable rates, to reduce inventory and boost sales.
The small-business financing platform co-founded by former HKEX chief Charles Li Xiaojia said it is asking staff to invest in the start-ups it backs, confirming an online article that sparked widespread discussion on social media.
Criminals ‘exploit the perceived anonymity and ease of cross-border transactions that cryptocurrencies offer’, Forrester report says.
ICBC and BOC line up issuance plans for 60 billion yuan worth of total loss-absorbing capacity (TLAC) bonds as Chinese G-SIBs (global systemically important banks) are expected to sell 440 billion yuan of these newly introduced bonds.
Travel spending during the Labour Day holiday rose 12.7 per cent year on year, but hotel chains’ revenue per available room and occupancy rates both fell.
Hangzhou’s move marks the most aggressive measure to revive the local housing market, following an apparent green light from the nation’s top leadership last month.
Shenzhen and Wuhan have become the latest Chinese cities to ease home purchase restrictions to boost sales, as a growing number of major metropolises take steps to support the country’s slumping property sector.
The appetite for commercial property in Asia-Pacific is likely to remain subdued until interest-rate cuts arrive later this year or early next year, according to a CBRE survey. Investors in Hong Kong were notable net sellers last quarter.
The Brazilian financial technology company is banking on demand for payment digitisation in the business-to-business space in China and increased adoption of digital payments in India.
Company leaders pledge to marshal resources carefully in 2024 as they strike a cautious tone about any potential recovery.
High inflation and elevated borrowing costs are dampening the attractiveness of leveraged private-market investments, but institutional investors across Asia-Pacific are still determined to increase their allocations in private assets, State Street says.
Episode Six, or E6, a global provider of payment processing and digital ledger infrastructure for banks and financial institutions, plans to expand its footprint in Hong Kong this year.
Investigation into Yao Qian, who serves as the director of the department of technology supervision at the China Securities Regulatory Commission, comes amid an uptick in market reforms.
Nissan Motor unveiled four new electric vehicle models at the Beijing Auto Show and vowed to build more EV products ‘in China, for China’ in an attempt to recover lost sales.
China could face a third wave of corporate bond defaults, induced by high financing costs, slow economic growth and tighter government policies, S&P analysts said. Local government financing vehicles may be the weakest link.
Role of fund managers will be strengthened as cost of rule violations increases ‘substantially’, a lawyer says, while Goldman Sachs predicts higher ‘quality premium for large-cap stable growers’.
Commercial ties between China and the Middle East are enjoying a revival as politics, energy transition and supply-chain upheavals create opportunities for Chinese exporters, according to management consultancy Oliver Wyman.
The move by Fitch Ratings comes a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the world’s second largest economy and concerns over Beijing’s capacity to support its biggest lenders.
Accounting firm vows investigation, possible legal action against creators of ‘fabricated’ letter circulating on social media, which names partners it claims were involved in ‘auditing failure’ tied to the indebted developer.
Seven-day tour includes closed-door forums in Beijing, Shanghai, Hong Kong, and Shenzhen to seek potential partners for the ambitious urban-development project.
China’s banks are removing some of their long-term fixed-income products and cutting rates offered to depositors in an effort to shore up profitability, as challenges including a slumping property sector, mounting local government debt, and slow consumption recovery weigh on bank earnings.
China’s state-owned enterprises are shifting into new gears to raise their game and earnings by adding innovation and supply-chain security to their performance metrics, industry analysts said.
The city’s commercial real estate market recovered partially in the first quarter of 2024 and is gearing up for further stabilisation this year as a rebound in consumption and policy support drive demand for leasing and investment, analysts say.
China’s stockbrokers took another pay cut in 2023 as the double whammy of a slumping equities market and a government crackdown on corporate extravagance eroded the incomes of financial workers. Things don’t look much better this year, one fund manager says.
The Secretary for Financial Services and the Treasury will meet Michael Bloomberg, media mogul and former New York City mayor, on Tuesday. He will also address local business and financial leaders.
First-time stock offerings in Hong Kong are expected to improve after a dismal first quarter, according to Deloitte China. Tighter regulatory oversight could hinder bourses in mainland China.
Troubled property developer Shimao Group Holdings is facing a liquidation suit brought by China Construction Bank, the country’s second-largest lender, for a financial obligation amounting to around HK$1.58 billion (US$201.8 million).
Sales of pre-owned homes in 25 major cities jumped by nearly 25 per cent in January and February, compared with the same period in 2022, as activity is on the rise in top-tier cities, analysts say.
China’s financial regulators could continue to lower financing costs as a means to shore up confidence, according to CCB chief financial officer Sheng Liurong.
Prices of second-hand homes in 100 mainland cities fell in March, extending a sequential monthly drop that began in April 2022 as buyers held out for better terms.
