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...Additional reporting by Cheng Leng in Hong Kong...
...“For China or China-related companies, they are more focused on core business and more disciplined capex,” said Mandy Zhu, China head of global banking at UBS....
...This included its Hong Kong office....
...Pan said in a speech in Hong Kong last month that the bank would boost their use. Such targeted credit support measures accounted for 15 per cent of the PBoC’s balance sheet by the end of September....
...After the announcement on Tuesday, the Hong Kong, Shanghai and Shenzhen stock markets ended their months-long downturn....
...Corporate earnings: Chinese tech group Baidu, Singapore lender Oversea-Chinese Banking Corporation, Hong Kong developer Sun Hung Kai Properties and gambling group Galaxy Entertainment report earnings....
...It will also allow existing shareholders including the Hong Kong Monetary Authority, Kuwait Investment Authority and Singapore’s GIC to reduce their stakes. By the start of 2022, plans were in place....
...According to Automobility, a Shanghai consultancy, BYD’s share of new energy vehicle sales in China fell to 30.8 per cent in January and February, down from 35 per cent at the end of last year....
...The move means Evergrande’s Hong Kong operations and holdings are set to be disbanded and opens the door to legal suits against international businesses involved in the company, such as former auditor PwC...
...John Lam, head of China and Hong Kong property research at UBS, said he believed the industry would shift in that direction in the future but added that this was negative for the internal rate of return...
...Vanke said its “current operating fundamentals are normal, its finance channels are stable and its refinancing is operating normally”. Additional reporting by Cheng Leng and Andy Lin in Hong Kong...
...Two models of its jets, the C919 and ARJ21 made flights outside of mainland China to Hong Kong in December....
...Shanghai-based Shimao, which has about $11.7bn of offshore debt, said on Monday that CCB (Asia) had filed a liquidation petition against it in Hong Kong over its failure to repay loans of $200mn....
...Flagging demand and increasing competition in its home market, as well as the timing of Chinese new year, saw BYD sell 300,114 battery-only vehicles in the March quarter, a Hong Kong stock exchange filing...
...Ant’s bid for Credit Suisse Securities (China) Ltd, which includes investment banking and brokerage services in mainland China, could complicate UBS’s plans to dispose of its stake in the unit....
...Last year, Suzhou, a city west of Shanghai, set up a trading platform to “co-ordinate the city’s computing resources”, according to its website....
...The Bank of Japan releases core consumer price index figures for last month.Corporate data: China National Offshore Oil Corporation and China Unicom present third-quarter earnings, as does South Korean steelmaker...
...of in Hong Kong or New York, and as listings tumbled elsewhere....
...The PBoC is drawing up plans to establish a new credit market department, which aims to direct the country’s vast Rmb450tn banking sector to finance priority areas....
...Until last summer, there were few concrete links between a slowdown in China’s property sector and a domestic shadow banking industry that has for years supplied middle-class savers with high-interest products...
...“It may be boring to talk about policy risk again and again, but this is really the core factor behind the weak sentiment in Hong Kong and China-related assets, especially equities,” he said, adding: “Why...
...Take banking. The total number of licensed banks in the city dropped to 155 last year from 164 in 2019, according to the Hong Kong Monetary Authority....
...One Hong Kong-based fund manager with a Chinese financial group said it was “quite surprising” that Zhongzhi had gone “straight into liquidation”, noting that other Chinese companies with missed payments...
...But despite the controls, Chinese mobile phone maker Huawei and Shanghai-based Semiconductor Manufacturing International Corporation — both of which are on a US trade blacklist — revealed in August they...
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