Shenzhen announces measures to ease financial strains on property developers amid coronavirus outbreak
Shenzhen city announces new measures to ease pressure on property developers hard hit by slower home sales amid the coronavirus outbreak. Home projects with pre-sale…
Troubled Bank of Jinzhou to receive 12 billion yuan funding from state investors
China’s troubled Bank of Jinzhou Co. will receive an injection of roughly 12 billion yuan in fresh funds from two state-backed investors. Chengfang Huida, a subsidiary…
China’s credit growth slowed sharply in February, consumer loans hit the lowest on record
China’s credit growth slowed sharply in February as the coronavirus outbreak brought the economy to a standstill. Short-term consumer loans hit the lowest on record…
Alipay to open up platform for 40 million service vendors to compete with rival WeChat
Alipay, the widely used mobile payment app operated by Ant Financial Services, plans to become digitally entrenched in the businesses of 40 million service providers…
Dongfeng Honda approved to resume some production in Wuhan amid easing coronavirus concerns
Honda Motor’s joint venture with China’s Dongfeng Automobile has been approved to resume productions at its plants in Wuhan, the epicenter of the coronavirus outbreak….
China’s consumer inflation stays elevated, producer prices slips back into deflation
China’s consumer inflation remained elevated in February driven by fast-growing food prices, while producer prices slipped back into deflation as the coronavirus outbreak disrupted economic…
China’s 10-year government bond yield hit 18-year low, expected to fall below 2.4%
After US Treasury yields hit record lows amid investors’ flight to safety and expectation of more monetary easing, China’s 10-year government bond yield hit a…
China’s auto sales tumbled 78% in February, full-year sales to drop 8%
China’s auto sales tumbled nearly 80 per cent in February as the coronavirus outbreak kept consumers away from showrooms. Industry body expects the full-year sales…
Hainan province tightens property curbs while most others move to shore up housing markets
While a number of Chinese local governments have announced measures to shore up housing markets hard hit by the coronavirus outbreak, Hainan province is doing…
China exports tumbled, saw first trade deficit since April 2018, due to coronavirus outbreak
China’s exports tumbled in the first two months of the year, and imports weakened, as the coronavirus outbreak caused massive disruptions to economic activity. The…
China sees first bond default by property developer due to coronavirus outbreak
Macrolink Holding Co on Friday became China’s first developer to default on its bonds due to the coronavirus outbreak as the industry struggles with stagnant…
Chinese companies’ net financing via bond sales hit four-year high, more pickup expected amid monetary easing, relaxed rules
Chinese companies issued significantly more bonds in the first two months of the year. Analysts say the bond sales will pick up further given loose…
China’s bad loan ratio could hit decade-high as authorities help small businesses
Bad loan ratio in China’s banking system could hit the highest in more than a decade after authorities loosened the repayment rules for small businesses…
China’s margin trading picks up amid market rally, grey-market margin financing reviving
China’s margin trading is picking up as investors rush into the stock market on expectation that Chinese government will step up stimulus measures to support…
