China’s central bank is discussing extending a grace period for financial institutions to comply with sweeping new asset management rules covering a $12.9 trillion industry that were issued... Read more
China’s banks should brace for a big jump in bad loans due to coronavirus-induced economic pain, the financial regulator said on Saturday, noting the deterioration of asset quality at some s... Read more
The week saw lots of action, and the trend remains set in the direction of decoupling. There are now doubts over whether China will meet its purchase commitments of US goods under the “phase... Read more
China’s currency rose to its strongest level since March as a booming stock market and accelerating economic recovery galvanized investors, reported the Financial Times. The renminbi, which... Read more
Debt-laden luxury villa developer Tahoe Groupfailed to repay a RMB 1.5 billion ($214 million) bond that matured on Monday, taking its total overdue borrowings to RMB 27.1 billion. The d... Read more
