Chinese banks have been given instruction by regulators to rein in the administering of any new credit this week, Caixin reported Monday evening, in the run up to the Spring Festival holiday. Data released by the People’s Bank of China showed that domestic banks had lent a record amount of new loans in January, giving […]
Category: Brief
Stocks on China’s main boards made a slight recovery Monday after suffering the worst sell-off in two years last week, Caixin reports. The Shanghai Composite Index rose just under 0.8% to 3,154.13 points by the end of trading, though it had initially fallen 0.45% during the morning session. The Shenzhen Component Index, meanwhile, rose 2.91%, and the Nasdaq-like small-cap ChiNext board […]
The Chinese government appears to be finalizing policies that will allow local authorities to continue funding for electric vehicle (EV) companies, Bloomberg reports, in response to rising consumer demand. This would be a reversal of the stance set out in December last year to scrap local incentives to subsidize EV, following concerns that this would […]
HNA has gained a much-needed cash injection by selling off two parcels of land in Hong Kong to developer Henderson Land for a fee of just under HK$16 billion ($2 billion), the Financial Times reports. The Hainan-based conglomerate announced in a stock exchange filing that it will earn a total of HK$15.8 billion for its interests in […]
British business-information company Euromoney has sold its Global Markets Intelligence Division (GMID) to Chinese private equity firm CITIC capital partners and financial news outlet Caixin Global for $180.5 million, Reuters reported on Monday. Euromoney has said that it will use $145 million of the capital raised to invest in its pricing, asset management, and telecoms […]