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 ...
A key Chinese shadow bank has missed payments on dozens of investments, and it shows just how bad things are in the world’s second-largest economy
This is just days after Country Garden, China's biggest private-sector developer by sales, missed interest payments on two dollar-denominated bonds. ( read original story ...)
Stock market today: Asian stocks mixed after China reports weak July data and cuts key interest rate
Asian stock markets are mixed after China reported weak July consumer and business activity and its central bank cut a key interest rate to shore up the struggling economy ... ( read original story ...)
China central bank unexpectedly cuts rates to support sputtering economy
China's central bank unexpectedly cut key policy rates for the second time in three months on Tuesday, in a fresh sign that the authorities are ramping up monetary easing efforts to boost a sputtering ... ( read original story ...)