Chief of the People’s Bank of China Yi Gang outlined a schedule for China’s long-awaited financial reforms in 2018, Caixin Global reports, promising for the process to begin by June. The first wave of measures will be aimed at giving foreign investors greater access to China’s financial sector, Yi said at a session of the […]
Category: Brief
The International Monetary Fund issued a report on Tuesday warning China of persistent debt-risks in certain sectors of its economy, Caixin Global reports, with unprofitable firms continuing to have access to risky credit despite the government crackdown. The report said that the ‘riskiness’ of credit allocation – that is, how much credit risky firms get […]
Jack Ma’s Ant Financial Services Group is set for a $9 billion-dollar fundraiser, the Wall Street Journal reports, ahead of a highly-anticipated IPO later this year. Hangzhou-based Ant, an affiliate of Alibaba and owner of mobile payment platform Alipay, could be valued at up to $150 billion in this latest round of fundraising, making it […]
Bilateral investment between the US-China has taken a hit in the new atmosphere of uncertainty, according to a new report by consultancy Rhodium Group, with investors thinking twice about pipeline deals. FDI between the two countries came to $43 billion in 2017, the report said, a drop of around a third. This trend has spilled […]
At an event in Chongqing on Tuesday, Ford Motor Co. revealed five new models targeting China’s domestic market, reports Reuters, in a bid to reverse lagging sales figures in the country. The five new models are the first instalment of a programme to launch 50 new or redesigned cars by 2025. Yesterday’s models, all either […]