A staff member (3rd L, front) speaks to a purchasing agent during a pre-expo supply-demand matchmaking meeting for the Food and Agricultural Products and Medical Equipment and Healthcare Products ... ( read original story ...)
China’s ICBC says frozen property projects involve 637 million yuan of sour mortgage loans
BEIJING/SHANGHAI : Industrial and Commercial Bank of China Ltd (ICBC) said on Tuesday frozen property projects involved 637 million yuan of non-performing mortgage loans at the end of June. The ... ( read original story ...)
China doles out bank scandal refunds after hundreds of arrests
Chinese authorities on Tuesday scrambled to dole out refunds to depositors caught in a rural banking scam that has led to more than 200 arrests and triggered concerns about the country's small lenders ... ( read original story ...)
China’s Property Slowdown Sends Bank Shares Tumbling
The selloff is the latest indication of the problems a slowdown in the property sector is having on the wider economy. ( read original story ...)
SMM Evening Comments (Aug 30): Shanghai Nonferrous Metals Still Shadowed by Looming Rate Hikes
Shanghai nonferrous metals closed with losses as the market was still shadowed by looming rate hikes. In addition, Rick Rieder, chief investment officer of BlackRock's global fixed income division, ... ( read original story ...)
Shanghai Composite Index Fell 0.42% on Tuesday
China’s benchmark Shanghai Composite Index lost 0.42% on Tuesday, while the Shenzhen Component Index fell 0.39%. Shanghai’s tech-heavy STAR 50 Index lost 0.38% for the day, wh ... ( read original story ...)
Steel price drops on China’s covid, emission led production curbs
Steel price remains pressured on early Tuesday, drowned by grim concerns surrounding the largest consumer China, as well as fears of economic slowdown due to the aggressive central bank actions. That ... ( read original story ...)