Asian stocks have followed Wall Street lower after notes from a U.S. Federal Reserve meeting dented hopes interest rate hikes are finished ... ( read original story ...)
China’s troubled $188 billion shadow bank plans debt restructuring, taps KPMG
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 ...)
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 ...)
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 ...)
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 ...)
Stock market today: Asia shares decline as faltering Chinese economy sets off global slide
Asian shares have declined amid worries over discouraging data on China, as well as over the future of the U.S. economy ... ( read original story ...)
Jim Cramer’s Spot-On Call: China Takes Action To Boost Ailing Stock Market, Report Reveals
Chinese stock exchanges have reportedly asked investment funds to refrain from being net sellers of equities as the domestic stock market reels under a selling wave. What Happened: The Shanghai and Shenzhen stock exchanges issued "window guidance" to several large mutual fund houses to avoid selling more domestic shares for a day, ( read original ...