12 h. ago Record $322 billion in China loans for stock bets feeds volatility and prompts caution

Record $322 billion in China loans for stock bets feeds volatility and prompts caution  Reuters

Economics

3 d. ago Unitree to file IPO documents in fourth quarter for likely A

Unitree Robotics, the country’s top humanoid robot maker, said it would file documents to an onshore stock exchange in mainland China between October and December this year, suggesting it will soon go public. While the Hangzhou-based firm’s statement did not specify whether it was seeking a listing in Shanghai, Beijing or Shenzhen, a source familiar with the matter said that the company was eyeing an onshore initial public offering (IPO) as the first step. “At present, the company is actively...

Politics

3 d. ago Margin buying of Chinese stocks sets record at US$320 billion

Mainland stock traders boosted their leveraged bets to an all-time high, adding fuel to a liquidity-driven rally that catapulted a key benchmark to its highest point in a decade last month. The outstanding value of the shares bought with borrowed money rose to 2.28 trillion yuan (US$319.2 billion) on the mainland’s exchanges on Monday, according to data from China Securities Finance and Bloomberg. That surpassed the previous high of 2.27 trillion yuan set on June 18, just before a quick...

Economics

1 week ago Hong Kong show on Chinese war effort ‘a highlight’ of 80th anniversary events

An exhibition featuring more than 180 artefacts that illustrate Chinese war efforts against the Japanese in the 1930s and 1940s will open in Hong Kong on Wednesday, with a military sabre used in battle among the pieces. Featuring items loaned from the National Museum of China in Beijing, “The Hong Kong Jockey Club Series: United in Arms, Standing for Peace – 80th Anniversary of Chinese Victory in the War of Resistance Exhibition” will run at the Hong Kong Museum of History in Tsim Sha Tsui as...

Events

3 w. ago Beijing's Consumer Loan Push And Trade Truce Boost China ETFs

Beijing's Consumer Loan Push And Trade Truce Boost China ETFs  Benzinga

Politics

3 w. ago China July bank loans unexpectedly contract for first time in 20 years

China July bank loans unexpectedly contract for first time in 20 years  Reuters

Politics

3 w. ago China’s New Loans Plunge to Lowest Since 2007 as Demand Weakens

China’s New Loans Plunge to Lowest Since 2007 as Demand Weakens  Bloomberg.com

Politics

3 w. ago China pledges more financial support for consumption with loan interest subsidy

China pledges more financial support for consumption with loan interest subsidy  Reuters

Politics

3 w. ago China seeks to bolster demand by subsidising interest costs on consumer loans

China has launched a year-long plan to offer interest subsidies for personal consumer loans as part of Beijing’s broader efforts to unlock household spending power and shore up domestic demand. Individuals who take out consumer loans for purchases – including single transactions below 50,000 yuan (US$6,958) and higher amounts for purchases in key sectors such as cars and education – will have part of their interest costs covered by the government, according to the plan released on Tuesday by the...

Politics

3 w. ago Will Chinese subsidy for consumer loan interest help spur more spending?

Beijing has unveiled a year-long plan to subsidise interest on personal consumer loans to spur spending, but analysts say that while it has symbolic importance, its impact might be modest given the small share of total consumption funded by borrowing. Individuals who take out consumer loans for purchases – including single transactions below 50,000 yuan (US$6,958) and higher amounts for purchases in key sectors such as cars and education – will have part of their interest costs covered by the...

Politics

3 w. ago China offers interest subsidies for loans to boost consumption

China offers interest subsidies for loans to boost consumption  Reuters

Events

3 w. ago China’s push to promote its currency accelerates with landmark Fortescue loan

China has passed another milestone in its efforts to promote the global use of its currency, with the Australian metals giant Fortescue agreeing to borrow a record 14.2 billion yuan (US$1.98 billion) in a syndicated loan agreement arranged by one of China’s biggest state-owned banks. The deal is the first ever offshore yuan syndicated loan to an Australian company and the largest ever to a non-Chinese firm, lead arranger Bank of China said in a statement on Tuesday. Fortescue – the world’s...

Politics