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China’s top financial industry officials say Beijing will press on with reforms

by Anas Siddiqui
China’s top financial industry officials say Beijing will press on with reforms

“Only through the opening up, can we possibly attract overseas investors and get them to participate in the process of pricing on the Shanghai Futures Exchange,” Wang Fenghai, general manager …

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Shanghai bourse bars chip maker S2C from listing for 5 years for falsely inflating profit

by Ron Morgan
Shanghai bourse bars chip maker S2C from listing for 5 years for falsely inflating profit

The chip maker fabricated its results by forging transactions, confirming its earnings in advance, and reporting lower costs for the period, the exchange said on Tuesday, adding that the actions …

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China’s EV makers return to fast lane helped by government subsidies tailwind

by Anas Siddiqui
China’s EV makers return to fast lane helped by government subsidies tailwind

China’s premium electric car makers can expect a smooth road ahead of them in 2024 as both consumer demand and product margins improve, giving the assemblers a respite from a …

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Yuan pressure, forex volatility loom if Donald Trump re-elected: analysts

by Walter Watson
Yuan pressure, forex volatility loom if Donald Trump re-elected: analysts

Uncertainty surrounding a possible win by Donald Trump in the US presidential election in November, as well as overall geopolitical tensions, could add volatility to the foreign exchange market and …

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Country Garden sees home sales jump as Beijing’s rescue package gives developers a boost

by Anas Siddiqui
Country Garden sees home sales jump as Beijing’s rescue package gives developers a boost

Country Garden sold more properties in May, becoming the second major Chinese developer to see its turnover improve after Beijing launched a historic rescue package to shore up its battered …

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Chinese firms offer credit for orders, but payment delays remain an issue: survey

by Ron Morgan
Chinese firms offer credit for orders, but payment delays remain an issue: survey

The average payment delay in China fell to 64 days last year from 83 days in 2022, lower than 74 days for Hong Kong companies, 70 days for Malaysian businesses, …

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‘China’s London’? Hong Kong’s finance hub status will be cemented by mainland’s economic development, summit told

by Anas Siddiqui
‘China’s London’? Hong Kong’s finance hub status will be cemented by mainland’s economic development, summit told

“Hong Kong is working very hard to contribute to the further internationalisation of renminbi,” said Wong. “We will continue issuing international bonds denominated in renminbi.” Last year, the city’s yuan …

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China unveils plan to keep officials’ noses clean in campaign to control financial risk

by Anas Siddiqui
China unveils plan to keep officials’ noses clean in campaign to control financial risk

China’s Politburo – a high-level decision-making body of the country’s Communist Party – reviewed a pilot accountability mechanism for financial de-risking on Monday, the latest offensive in Beijing’s campaign to …

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China’s top market regulators, companies woo global fund managers on London, Paris roadshows after property rescue plan

by Anas Siddiqui
China’s top market regulators, companies woo global fund managers on London, Paris roadshows after property rescue plan

China’s top securities regulators and stock exchange officials met with global fund managers in Europe in the first overseas roadshow, days after Beijing delivered its biggest rescue plan to overcome …

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Hong Kong’s Swap Connect hailed as ‘last important piece of the puzzle for overseas investors entering China’

by Anas Siddiqui
Hong Kong’s Swap Connect hailed as ‘last important piece of the puzzle for overseas investors entering China’

“The proposed enhancements will help further support the continued development of onshore financial markets,” said Charles Lam, Citi’s head of markets for Hong Kong. “As such, we would expect to …

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