China overtook the United States to become the second-biggest climate funds market in the world last year, as the global market for sustainable investing continues to develop. China’s rise comes off the back of favorable conditions for environmental, social and governance (ESG) investing, reports the South China Morning Post. Assets in the Chinese climate funds […]
Category: Markets
Global investment banks are continuing with plans to expand in Shanghai despite China’s financial capital being under strict Covid-related lockdowns, reports the Financial Times. The lockdown of Shanghai, running into its fourth week in some districts and part of Beijing’s policy of eliminating Covid-19 cases, is one of the biggest tests yet of western banks’ […]
The expansion of Chinese government fiscal revenue slowed last month compared to January and February of this year, holding back an already flagging recovery weakened by Covid-related lockdowns, reports Reuters. Last month’s government fiscal revenue rose 3.42% year-on-year to RMB 1.5834 trillion ($91.03 billion), slowing from a 10.5% growth in January-February, according to Reuters calculations […]
Contemporary Amperex Technology, China’s largest EV battery-maker and a major Tesla supplier, has seen a three-month slide in value that has left it under the RMB 1 trillion ($156.3 billion) mark for the first time in around year, reports the South China Morning Post. Some of the value drop can be attributed to production difficulties […]
A record $18 billion worth of renminbi-denominated debt was sold off by foreign investors in March, reports the Financial Times. Offshore investors sold a net RMB 113 billion worth of Chinese onshore bonds in March, according to Financial Times calculations based on data from Hong Kong’s Bond Connect investment program. That took outflows over the […]