It is to some extent subjective, and we might be reading some things somewhat incorrectly due to the usual lack of transparency but there does seem to be a growing number of reality gaps in the Middle Kingdom, and those that exist seem to be expanding. At the heart of China’s situation right now are […]
Category: Markets
The China Securities Regulatory Commission (CSRC), the country’s securities regulator, ordered Legend Holdings, a Chinese investment holding company, to fix information disclosure issues on Thursday, reports Reuters. The CSRC said in a statement that a regular on-site inspection found that the company released its 2020 annual report in Hong Kong earlier than it did in […]
The People’s Bank of China, the country’s central bank, maintained a key policy rate on Friday, leaving most economists disappointed having expected a lowering of the rate to boost the economy during the current Covid outbreak, reports Bloomberg. The PBOC kept the rate on its one-year policy loans at 2.85% on Friday. Sixteen of the […]
The solar power sector is the newest industry to be affected by China’s recent Covid-related restrictions, with manufacturers lowering production levels thanks to shipment delays and staffing issues, reports Bloomberg. Solar companies are seeing a “severe impact” on both panel production and installations from the most recent round of virus outbreaks in China, according to […]
The world’s biggest money manager BlackRock is expected to launch its first China ETF by the end of the year and has started to hire the requisite staff, according to two people with direct knowledge of the matter, reports Reuters. BlackRock, which thrives on the rise of passive investing with 70% of its $10 trillion […]