SHANGHAI/SINGAPORE: Investors dumped China’s banking and real estate stocks on Thursday, fearing deepening trouble in the property sector would begin to hit the financial system as a wave of ... ( read original story ...)
Why better times may be ahead for China’s stock market
China’s hard line on COVID-19 outbreaks is among the strictest in the world. The lockdown of Shanghai, which began on March 28 and lasted through much of May, provided an extreme example, and the ... ( read original story ...)
Beijing-Shanghai High-Speed Railway to Post First Quarterly Loss Since IPO
Beijing-Shanghai High Speed Railway Co. Ltd. (601816.SH) expects to report its first quarterly loss since the railway operator went public in 2020 as train travel shrinks amid strict pandemic control ... ( read original story ...)
China’s Second Quarter Was Grim. Here’s What It Means for Its Stock Recovery.
Most economists expect a contraction in real economic activity as a result of the harsh lockdowns that brought Shanghai and Beijing to a standstill in the second quarter and continued trouble in the ... ( read original story ...)
$49 left in bank account: Cleaner loses $330k of life savings to ‘China police’ scammers
It took several letters and a phone call from a 'Shanghai police officer' to convince Zhang Han Cheng that he was in serious trouble with the law — even though he had never been there.The 62-year-old ... ( read original story ...)
Balance of loans in Shanghai rises at end of June
The balance of loans in Chinese yuan reached 9.29 trillion yuan at the end of June, up 11 percent year-on-year, according to t Shanghai Head Office. The balance of foreign currency loans stood at $112 ... ( read original story ...)
China’s Henan bank scandal not just a financial crisis, it may be a lasting political calamity: analysts
China's central government must find ways to promptly repay the depositors or risk the effects of damaged public confidence, say scholars Depositors' lost US$6 billion is reminder to authorities that ... ( read original story ...)