Some foreign investors returned to China’s battered stock and bond markets in May as Beijing stepped up efforts to stimulate the economy following months of COVID lockdowns and heightened global political tensions, reports Reuters. Even as tough anti-virus restrictions persisted, foreign investors bought a net $2.5 billion worth of beaten-down China-listed shares last month, the biggest […]
Category: Markets & Finance
Given the vast amount of personal wealth tied up in property in China, if there is one market that cannot fail it is this one, but cracks are beginning to show. By Patrick Body China’s property market appears to be facing an unprecedented combination of problems, led by the debt-ridden property developer China Evergrande Group […]
The State Administration of Foreign Exchange (SAFE), China’s currency regulator, has been carrying out a rare survey of banks and companies, asking about their ability to deal with volatility in the yuan and their risk management processes, according to three banking and policy sources who spoke to Reuters. The SAFE surveyed “how companies in different […]
China’s leading search engine, Baidu, has raised $1 billion in a bond sale that enjoyed strong investor appetite despite the company’s shares taking a hit from Beijing’s regulatory crackdown on tech groups, reports the FT. The debt sale was hugely oversubscribed, attracting between $5 billion and $6 billion of orders, according to two bankers who […]
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The case of Baoshang bank
CRACKING THE SYSTEM