Search Results for: Chinese yuan
China Has a $1.2 Trillion Ponzi Finance Problem
November 20th, 2015
Some 45% of new debt will be used to pay interest: Hua Chuang `Ponzi’ finance was seen by Hyman Minsky as unsustainable Chinese borrowers are taking on record amounts of debt to repay interest on their existing obligations, raising ...
Deutsche Börse: Successful market launch of CEINEX
November 18th, 2015
Launch ceremony with Chinese ambassador and the CEOs of SSE and Deutsche Börse China Europe International Exchange (CEINEX), the joint venture of Shanghai Stock Exchange (SSE), Deutsche Börse and China Financial Futures Exchange (CFFEX) was successfully launched today in ...
Fear Spreads as China’s Finance Firms Face Arrests
November 18th, 2015
“People are worried” as hedge funds, traders, CSRC targeted At least 16 connected to finance world caught up in crackdown The high-drama highway arrest of a prominent hedge fund manager. Seizures of computers and phones at Chinese mutual funds. The investigations ...
China in net forex purchase in Oct, reverses 3 mths of heavy sales
November 16th, 2015
China‘s central bank and commercial banks bought a net 12.9 billion yuan ($2.02 billion) worth of foreign exchange in October, data showed on Sunday, stemming heavy sales in the previous three months that underlined capital outflows. The October net ...
HSBC hopes to leapfrog rivals with new China partnership
November 10th, 2015
HSBC to use JV to tap China’s onshore bond market Foreign rivals on restrictive licences have made little inroad HSBC will have full control of JV and broader licence Risk of rising defaults in slowing Chinese economy HSBC is ...
UBS Asset Management launches QDLP business in China
November 6th, 2015
UBS Asset Management has set up a wholly-owned foreign enterprise (WFOE) in the Shanghai Free Trade Zone to launch private funds in China for investing in overseas markets under the Qualified Domestic Limited Partner (QDLP) scheme. UBS Asset Management ...
Gold Demand in China May Gain to Record, Bullion Bourse Says
November 2nd, 2015
Financial-market turmoil, devaluation seen boosting demand `Investors still prefer gold,’ Chairman Haywood Cheung says Gold consumption in mainland China may match or exceed the record in 2013 after financial-market turmoil and the yuan’s devaluation boosted the metal’s appeal, according ...
Asian stocks advance on China rate cut, U.S. tech earnings
October 26th, 2015
Asian stocks on Monday were close to wiping out all their losses since China’s shock currency devaluation in August, as global equities rallied after the Chinese central bank cut rates and U.S. tech giants provided upbeat earning guidance. MSCI’s ...
Xi Jinping to sign Hinkley Point nuclear power deal in UK
October 21st, 2015
China‘s leader is expected to put the seal later on its contribution to what will be the first UK nuclear power plant to be built in a generation. The plant could be opened by 2025 at Hinkley Point, in ...
Index Futures Drop With Asia Stocks After China GDP; Euro Rises
October 19th, 2015
Economy expands 6.9% in third quarter, beating estimates Gold retreats with copper as metals slide in data’s wake U.S. and European equity-index futures retreated with Asian shares and commodities after China reported the slowest economic growth since 2009. Treasuries ...
