66 h. ago China to cut relending rates, widen credit support for private sector and tech

China’s central bank is looking to pump 900 billion yuan (US$129.2 billion) worth of additional funds into private and technology firms, alongside slashing key policy relending rates by a quarter of a percentage point, in a fresh round of monetary easing designed to shore up the economy. The new plan includes an extra 500 billion yuan for agriculture and small businesses, said Zou Lan, a deputy governor of the bank, at a press conference in Beijing on Thursday. The bank will also expand its...

Politics

5 d. ago China’s Private Equity Trailblazer Fang Fenglei Faces Doubts on Returns, Succession

China’s Private Equity Trailblazer Fang Fenglei Faces Doubts on Returns, Succession  Bloomberg.com

Politics

2 w. ago China has logged a US$1 trillion trade surplus. Where is all that money going?

Recent data on China’s external accounts presents a conundrum: while the country’s trade surplus has broken records, surpassing the US$1 trillion benchmark in the first 11 months of the year, growth in its official foreign exchange reserves has lagged. This seeming paradox prompts a question – where did the money go? Analysts said the gap reflects how much of the surplus has flowed back overseas through asset investment, largely made by private-sector players, leaving China’s external accounts...

Economics

2 w. ago From Private Jets to Budget Seats: How China’s Offshore Aviation Shift Is Reshaping Travel Routes for Global Tourists

From Private Jets to Budget Seats: How China’s Offshore Aviation Shift Is Reshaping Travel Routes for Global Tourists  Travel And Tour World

Economics

2 w. ago Why are rich Chinese ‘quietly’ moving private jets offshore, slumming it in budget seats?

China’s ultra-wealthy are quietly parking their private jets offshore to sidestep tougher compliance rules at home, while corporate executives are downgrading to commercial flights, analysts say, as economic headwinds hit the country’s business aircraft fleet. Aircraft owned by affluent Chinese nationals are said to be increasingly resurfacing in hubs such as Singapore and Japan, while more billionaires and corporate executives are turning to first-class commercial cabins or timeshare jet...

Economics

2 w. ago Why are rich Chinese moving private jets offshore, slumming it in budget seats?

Why are rich Chinese moving private jets offshore, slumming it in budget seats?  South China Morning Post

Economics

3 w. ago Stronger recording and review system supports China's private sector

Stronger recording and review system supports China's private sector  news.cgtn.com

Politics

3 w. ago Launch window opens for China’s private space companies as LandSpace advances IPO

China’s private rocket makers are stepping up their dash for public funding, with Beijing-based LandSpace becoming the first commercial launch provider to clear a key regulatory “tutoring” milestone ahead of a planned listing on Shanghai’s Nasdaq-style Star Market. LandSpace completed its initial public offering (IPO) tutoring process on December 23, according to information published on the website of the China Securities Regulatory Commission (CSRC) – a step that typically precedes the...

Economics

3 w. ago China university offers US$11,000 ‘micro’ overseas study to help students pass failed courses

A privately run college in China has come under fire for asking students who failed exams to pay as much as 79,800 yuan (US$11,000) to join a nonexistent “micro study abroad” programme to have their fail record removed. Xian Technology and Business College, financed by Beijing Northern Investment Group, is a little-known institute in Xian, Shaanxi province, northwestern China. In mid-December, some parents complained to the news outlet Benliu News that teachers at the school coerced them into...

Events

3 w. ago Paramount's new WBD bid, Nvidia & China, Clearwater to go private

Paramount's new WBD bid, Nvidia & China, Clearwater to go private  Yahoo Finance

Politics

4 w. ago Starbucks, Burger King raise eyebrows after selling massive stakes to Chinese private equity funds: 'Enables the business to operate at China speed'

Starbucks, Burger King raise eyebrows after selling massive stakes to Chinese private equity funds: 'Enables the business to operate at China speed'  MSN

Economics