SHANGHAI - The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure its debt and has hired KPMG to conduct an audit of its balance ... ( read original story ...)
Book fair returns to Shanghai with record attendance
The 2023 Shanghai Book Fair, which returned to the Shanghai Exhibition Center on Wednesday, is set to reach record attendance both online and offline. ( read original story ...)
Thursday Briefing: China’s stock market slump
A recent stream of worrying economic data released by China is taking the fizz out of its stock market. ( read original story ...)
Shanghai Woman in Focus as Probe Shows Fear of Capital Exit
Chinese state-run media outlets are adding credence to speculation that an executive who helps wealthy families move their money to the US was among those detained last week for illegal currency ... ( read original story ...)
Intchains Group Limited Reports Second Quarter 2023 Unaudited Financial Results
Interest income increased by 66.3% to RMB4.4 million (US$0.6 million) for the second quarter of 2023 from RMB2.6 million for the same period of 2022, mainly attributable to the increase in our cash ... ( read original story ...)
China’s Latest Issue: Nobody Wants To Go There Anymore
Shanghai’s and Beijing’s airports are nearly deserted. Foreign investment is down 80 percent. Yet we all benefit from the exchange between cultures. ( read original story ...)
A major Chinese trust firm missed payments, adding to Beijing’s financial concerns
A trust linked to one of China’s wealth management giants has failed to make payouts on dozens of products in another sign of trouble in the country’s economy. Multiple clients at Zhongrong ... ( read original story ...)