China’s Debt-laden Provinces Raise $21bn to Save Small Banks

Local governments have raised $21 billion via special bonds this year to boost the capital of small and mid-sized banks…

3 hours ago

China Wealth Manager Zhongzhi Admits to $64 Billion in Liabilities

Zhongzhi sent a note of apology to investors on Wednesday, saying it had liabilities of up to $64 billion. This…

6 days ago

Japan’s Salaries Surge Could See BoJ Turn to Tightening

Another year of consistent wage growth would force the Bank of Japan to consider ending its controversial monetary stimulus

1 week ago

Japan to Drop Quarterly Reports for Listed Businesses – Nikkei

Lawmakers in Japan area debating a move to allow listed businesses to report twice a year instead of having to…

1 week ago

Hang Seng, Nikkei Lead Asian Stocks Higher on Soft US Inflation

Hong Kong’s Hang Seng Index saw its best day in four months, while the Nikkei rose 2.5% and most other…

2 weeks ago

China’s Top Bank Paid Ransom After Cyber Attack, Gang Says

Notorious hacking gang Lockbit claims the Industrial and Commercial Bank of China paid a ransom to resolve the attack on…

2 weeks ago

ICBC Relays Cash to US Unit, Orders Review into Cyber Attack

Security reviews are being undertaken in the US after the ICBC ransom attack, while China's top bank sent capital to…

3 weeks ago

Country Garden ‘Aiming for $11bn Offshore Debt Plan by Year-End’

China's biggest private developer expects to give key bondholders its cashflow projections by year's end, as part of the basis…

3 weeks ago

China to Issue More Government Bonds to Tackle Debt Crisis

Some new local government debt quotas for 2024 have been issued in advance to reasonably ensure local financing needs, China's…

3 weeks ago

China’s Shock Rate Surge to 50% Triggers Regulatory Probe

A month-end scramble for cash and a flood of government bond sales triggered an overnight record surge in rate for…

4 weeks ago

Yen, Inflation Stresses ‘Could Force BoJ to Tighten This Year’

A former central bank official has warned the Bank of Japan might phase out stimulus by next month if pressure…

4 weeks ago

Evergrande ‘Offering Offshore Creditors 30% Stake in Two Units’

The move, proposed in a new debt-restructuring plan for offshore bondholders with about $19 billion of debt, would involve shares…

4 weeks ago