Tag: China
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Evergrande faces local government inquiry
The city’s financial regulator told the investors that the Shenzhen government is investigating a unit of Chinese developer Evergrande. This is a first sign of an...
Evergrande domestic debt deal calms contagion concern
China Evergrande agreed to settle interest payments on a domestic bond. Evergrande, Asia’s biggest junk-bond issuer, is so entangled with China’s broader economy. Through...
Prudent monetary policy to be maintained by China
Pan Gongsheng, vice governor of the People’s Bank of China (PBOC) stated that China will maintain prudent monetary policy. He also told a news conference that...
New innovative by Bank of Africa
Multinational pan-African banking conglomerate Bank of Africa will launch a new innovative offering for South to North money transfer. The media report says that...
China finances setup of APEC fund to fight Covid-19
President Xi Jinping said during a virtual meeting of the Asia-Pacific trade group that China has financed the setup of a fund under APEC to...