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China Construction Bank

This tag is associated with 6 posts

China’s rapid growth hits the brakes; slowest in more than a decade


New pockets of economic weakness in China emerged on Tuesday, as the collapse of a highly indebted real estate developer and weak home sales pointed to a slowdown in the sprawling property sector. The latest batch of difficulties add to the continuing debate over China’s commitment to economic reforms. While Beijing is pushing through initiatives … Continue reading

Mega default on January 31 could devastate China’s banking system


On Friday, Chinese state media reported that China Credit Trust Co. warned investors that they may not be repaid when one of its wealth management products matures on January 31, the first day of the Year of the Horse. The Industrial and Commercial Bank of China sold the China Credit Trust product to its customers … Continue reading

Analysis: Why China is better than you think


The “imminent” demise of China will have to be postponed…again. The risk to third quarter growth forecasts in the market are now to the upside. On  Thursday, HSBC’s China Flash PMI data showed a sharp rebound to 50.1 in August from 47.7 in July. Consensus estimates had it rising slightly to 48.2. Today’s manufacturing data is consistent with headline … Continue reading

China to sell 20 billion yuan ($3.2 billion) in treasury bonds


The certificate treasury bonds, the third batch this year, will be sold Oct 10-19 to individual investors, the China Daily Friday quoted the finance ministry as saying. They include 12 billion yuan of three-year bonds with an annual interest rate of 4.76% and 8 billion yuan of five-year bonds with an annual rate of 5.32%. Interest will … Continue reading

China’s Catastrophic Deleveraging Has Begun


1. The frustrated and aggressive central bank If one wants to know how bad the health of China’s economy has gone, look no further than the PBOC‘s composure, which seems rather frustrated and aggressive as of late. On 5th July, the central bank cut benchmark interest rates for the 2nd time in less than a … Continue reading

Temasek seeks $2.4 billion with China bank stake sales


Temasek Holdings TEM.UL is selling about $2.4 billion worth of stakes in two of China’s largest banks, as the Singapore state investor reshuffles its financial sector portfolio. Temasek, which is the single-biggest shareholder in Standard Chartered Bank, is offering about $1.2 billion in Hong Kong-listed shares of China Construction Bank and another $1.2 billion of … Continue reading

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