China’s bank wealth management products (WMP) have shrunk by RMB 1.38 trillion ($200 billion) in the first quarter, reports Caixin. This comes as banks prioritized deposit growth and market volatility weighed on flows. Bank WMP balances fell to RMB 31.91 trillion at the end of March from the end of last year, according to data from […]
Category: Investment
Trade tensions between the US and China have made companies around the world less keen to invest in either country, reports the South China Morning Post citing a report from Allianz Trade. The report found the United States almost twice as unpopular as its rival. The report, based on an annual survey by the Paris-based international insurance […]
China will issue special sovereign bonds to recapitalize some of its largest banks, reports Bloomberg. The move marks an expansion of Beijing’s efforts to fortify the nation’s $69 trillion financial system against a cooling economy and market volatility. A total of RMB 300 billion ($44 billion) worth of special government bonds will be sold this year […]
State-owned Commercial Aircraft Corporation of China (Comac), manufacturer of the C909 regional airliner and flagship narrowbody C919, recently infused RMB 634 million ($91.76 million) into C909 launch customer Chengdu Airlines, reports the South China Morning Post. Comac has a 48% controlling stake of the airline. Combined with funding from other sources, the injection has nearly tripled […]
Unisplendour Corporation, a subsidiary of state-backed Tsinghua Holdings, has scrapped year-long plans to get listed on the Hong Kong stock exchange, reports the South China Morning Post. Instead, it will raise $800 million via a private share placement on the Shenzhen exchange. The Shenzhen-listed developer of cloud computing software and manufacturer of servers and storage systems […]