China’s Property Lifeline Exposes Banks to Big Losses, Job Cuts
China’s escalating push to have its banking behemoths backstop struggling property firms is adding to a maelstrom of
2023-11-28 08:56
China Asks Some Big Banks to Cap Rates on Short-Term Funding
China told a handful of nationwide lenders to cap interest rates on interbank funding, people familiar with the
2023-11-17 09:24
Asia Bank Margins to Dip as Rate Hikes Sink in, Bad Loans Grow
Lending margins will be in focus this week when Asia’s largest banks report earnings, amid peaking interest rates
2023-10-23 14:15
China State Fund Buys Bank Shares, Fueling Market Rescue Hopes
China’s sovereign wealth fund increased its stake in the nation’s biggest banks for the first time since 2015,
2023-10-12 08:49
Chinese Banks Lend Billions to Russia Amid Western Sanctions: FT
China’s biggest banks are extending billions of dollars to Russia as sanctions pressure western lenders to exit the
2023-09-04 06:52
Top China Housing Official Urges Fresh Property Aid Efforts
China’s top housing official urged financial regulators and lenders to strengthen efforts to revive the country’s ailing property
2023-07-28 15:48
China Names Pan Gongsheng as New Central Bank Governor to Revive Economy
China named Pan Gongsheng as governor of the central bank, strengthening his position as head of the institution
2023-07-25 19:16
Goldman Called Out by China State Media for Bearish Bank Report
A state-owned Chinese newspaper issued a rare rebuttal of Goldman Sachs Group Inc. research after the securities firm’s
2023-07-07 10:50
Xi’s Central Bank Shakeup Prioritizes Continuity Over Big Change
Chinese President Xi Jinping’s elevation of a long-serving technocrat as the central bank’s top Communist Party official signals
2023-07-02 19:47
Biggest Crypto Stablecoin Tether Was Once Backed by Chinese Securities
Tether Holdings Ltd. once counted securities issued by Chinese companies among the reserves backing its USDT stablecoin, the
2023-06-16 21:22
China State Banks Cut Deposit Rates to Bolster Sluggish Economy
Some of China’s biggest banks lowered rates on a range of deposit products, responding to the government’s call
2023-06-08 08:58
China Big Four State Banks Said to Cut Dollar Deposit Rates
China’s four big state lenders have effectively cut dollar deposit rates, according to people familiar with the matter,
2023-06-07 17:50