Tag: banking

PwC is hemorrhaging clients after the company became embroiled in Evergrande’s financial fraud case. The Shenzhen-based developer, which used PwC as its auditor for 14 years until 2023, was found by ... ( read original story ...)

SHANGHAI (Reuters) - China's central bank is determined to maintain a normal upward-sloping yield curve and correct bond-market risks, the bank-backed Financial News reported late on Friday, citing ... ( read original story ...)

Hong Kong’s Hang Seng index climbed 2.4% to 18,260.91 and the Shanghai Composite index rose less ... That’s a major move for the bond market and provides a big lift for stock prices. All told, the S&P 500 fell 0.9% to 5,584.54. The Dow rose 0.1% ... ( read original story ...)

SHANGHAI/SINGAPORE- China's central bank is widely expected to leave a medium-term interest rate unchanged and drain some cash from the banking system when rolling over such maturing loans on Monday, ... ( read original story ...)

SICHUAN Biokin Pharmaceutical filed for a Hong Kong listing that could raise about US$500 million, people familiar with the matter said. This makes the potential initial public offering (IPO) one of ... ( read original story ...)

SHANGHAI (Reuters) - China's central bank introduced a new cash management tool this week in the form of temporary bond repurchase (repo) agreements and reverse repos, adding to its various open ... ( read original story ...)

It's usually a red flag whenever China's bean counters "optimise" already questionable market indicators. However, the recent tweak to how the country calculates what the financial sector contributes ... ( read original story ...)