About 99.98% of Baoshang Bank’s corporate creditors have had their claims fully guaranteed after the People’s Bank of China (PBoC) seized the private bank due to credit risk, according to the People’s Bank of China, reported Caixin. The remainder — as well as some large interbank creditors — had an average of 90% of their claims […]
Category: Banking & Finance
Stock Connect, a long-delayed program to link the London and Shanghai stock exchanges will officially launch on Monday, allowing global investors to access shares in Chinese companies and Chinese investors a chance to buy LSE-listed stock, reported the Financial Times. The scheme, originally scheduled to begin last year, will be launched on the sidelines of […]
It appears that Trump and Xi will meet at the G-20 in Osaka at the end of June, and it is becoming a meeting with significant implications, for the US-China trade negotiations and much beyond. The general vibe is of a hardening of positions on both sides. Knowledgeable pundits say the Chinese side cannot allow […]
China’s new high-tech board is officially open for business, Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), said in Shanghai on Thursday, reported Caixin. Trading has yet to begin, with the first batch of companies likely to start trading on the board within the next two months, said Huang Hongyuan, chairman of the […]
Chinese infrastructure-related stocks jumped on Tuesday after Beijing encouraged local governments to use special bonds for major projects in a bid to support economic growth, said the Financial Times. The CSI 300 index of Shanghai and Shenzhen-listed companies was up 2.3% to a near four-week high at the lunch break on Tuesday as construction and […]