Wednesday, October 28, 2020
Tags China debt

Tag: China debt

China Announces Suspension of Debt Repayments for 77 Developing Nations due to COVID-19

The Chinese government has announced that it will temporarily suspend repayments for debt owed to it by at least 77 developing economies...

China’s Policy Banks Account for 77% of Resource-backed Lending to Latin America and Africa

Data from Washington-based non-governmental organisation the Natural Resource Governance Institute (NRGI) indicates that China's policy banks accounted for the vast majority of...

Tianjin Government Company Defaults on USD$79mn in Trust Loans

A state-owned real estate company in Tianjin municipality has defaulted on two trust loans with a total value of 500 million yuan (USD$78.69 million),...

State-owned Enterprises Banned From Financing Chinese Local Government

China's Ministry of Finance has put the kibosh on state-owned finance enterprises providing financing to local governments outside of bond purchases, as part of...

China’s Household Debt Starts to Surge

While concern over China's decade-long debt binge has focused primarily on leverage in the corporate sector, analysts point out that household borrowing is now...

Most Read

Fake Digital Renminbi Wallets Have Already Emerged on the Chinese Market: Chinese Central Bank

Chinese regulators are already contending with the appearance of fake wallets for the statutory digital currency which is currently undergoing trial operation...

Jack Ma’s Ant Group Valued at over $313 Billion by IPO Pricing

The pricing for Ant Group's upcoming IPO in Hong Kong and Shanghai puts the value of the fintech giant at 2.1 trillion...

Yangtze River Delta Digital Financial Data Centre Will Issue Digital Renminbi

A new fintech institution launched in the eastern Chinese economic hub of the Yangtze River Delta will play a key infrastructure role...

Digital Renminbi Could Evolve into Global Currency: Ex-Bank of China Chief

Li Lihui (李礼辉), the former head of the Bank of China, believes that the development of the digital renminbi could pave the...