The base pay of investment bankers at CICC has been cut 25%, sources say, amid the economic slowdown and sluggish IPO returns

Beijing is desperate to rebuild confidence among overseas investors as its economy continues to struggle post-Covid

Officials from some of the world's biggest cities are in Washington to lobby for better access to capital, to help them manage global warming and extreme weather

Sources say China's biggest developer, which went into default in October with debts of $190 billion, has hired Kroll to do a liquidation analysis; it could be the second giant builder to go under

BOJ Governor defends move to normalise monetary policy, tells parliament that inflation is gaining momentum; said the central bank will eventually scale down its balance sheet

With his deputies split on when to end Japan's long-running stimulus policy, central bank chief preferred to act rather than wait for the economy to 'run hot'. It could take years for rates to rise

Investors are pouring their cash into safe financial products amid a continuing crisis in the country’s real estate sector

BOJ drops stimulus programme as the country finally emerges from deflation; central bank to end purchase of risky assets like ETFs and real-estate trusts

Officials from two of China's most indebted provinces, plus the city of Tianjin, took part in high-level talks with state banks in Beijing recently to renegotiate billions in debts

China's housing minister has reportedly warned that developers who "harm the interests of the masses" will be punished by not getting a bailout, while some state-backed firms are getting top-level backing

The liquidation of Evergrande is expected to take over a decade, and with many other developers in default, analysts expect the crisis to weigh on growth for a long time

Analysts say there are contradictions and gaps in government plan to boost consumption while curbing debt and overcapacity that undermine confidence in the Beijing's ability to keep growth around 5%