Analysts are urging China to tighten rules for green bond issuance by SOEs. Photo: Xinhua

Analysts urge China to close loophole for SOE green bond issuance

Enterprise green bonds – those issued by state-owned enterprises (SOEs) – have yet to apply China’s new Green Bond Principles and analysts urge change.

3 hours ago

China’s economic rise under Jiang Zemin offered lessons that resonate today

When China was at a critical crossroads in 1989, Jiang helped lay the groundwork for an economic transformation, and it largely hinged on improving relations with Western countries.

When China was at a critical crossroads in 1989, Jiang helped lay the groundwork for an economic transformation, and it largely hinged on improving relations with Western countries.

1 hour ago

‘Lots of people will get sick’: China braces for mixed bag of Covid responses

China’s path to a full economic reopening still faces considerable hurdles, but a policy easing in some major cities has begun to lift market sentiment and strengthen the yuan.

China’s path to a full economic reopening still faces considerable hurdles, but a policy easing in some major cities has begun to lift market sentiment and strengthen the yuan.

6 Dec 2022 - 12:44AM

Hong Kong MPF members earn HK$20,300 each, total assets exceed HK$1 trillion

The total assets of Hong Kong’s Mandatory Provident Fund rose back above the psychologically important HK$1 trillion (US$128 billion) mark in November after a record monthly bounce.

The total assets of Hong Kong’s Mandatory Provident Fund rose back above the psychologically important HK$1 trillion (US$128 billion) mark in November after a record monthly bounce.

5 Dec 2022 - 6:27PM

Protests, vigils accompany China’s easing of coronavirus restrictions

In this edition of the Global Impact newsletter, we looks at the changes to Beijing’s zero-Covid policy three years since the first known coronavirus case in China.

In this edition of the Global Impact newsletter, we looks at the changes to Beijing’s zero-Covid policy three years since the first known coronavirus case in China.

5 Dec 2022 - 2:00PM

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Last week, the yuan jumped by around 1.6 per cent, its biggest weekly gain since 2005 amid expectations authorities will continue to loosen strict virus curbs. Photo: Bloomberg

Yuan strengthens past 7 per US dollar as China eases Covid-19 curbs

China’s onshore yuan finished the domestic trading session on Monday at its strongest level since mid-September, bolstered by Beijing easing some coronavirus curbs and expectations of slower US interest rate increases.

5 Dec 2022 - 5:43PM

‘I can’t get work’: Covid knocks back China’s efforts to close wage gap

China’s sluggish economy and strict zero-Covid policy have hit low-income earners hard, leaving them vulnerable to slipping back into poverty while undermining Beijing’s pledge to reduce income inequality.

China’s sluggish economy and strict zero-Covid policy have hit low-income earners hard, leaving them vulnerable to slipping back into poverty while undermining Beijing’s pledge to reduce income inequality.

5 Dec 2022 - 11:00AM

China’s service activity shrinks to 6-month low as Covid takes ‘heavy toll’

China’s Caixin services purchasing managers’ index (PMI) fell to 46.7 in November from 48.4 in October, data released on Monday showed.

China’s Caixin services purchasing managers’ index (PMI) fell to 46.7 in November from 48.4 in October, data released on Monday showed.

5 Dec 2022 - 10:59AM

Brookfield keen to snap up bargains in China’s distressed property market

Brookfield Asset Management is on prowl to acquire premium commercial property from distressed Chinese developers with the aim of increasing its footprint in the world’s second-largest economy.

Brookfield Asset Management is on prowl to acquire premium commercial property from distressed Chinese developers with the aim of increasing its footprint in the world’s second-largest economy.

5 Dec 2022 - 6:30AM

From anger to hopelessness: economic strain of Covid policy tests China’s limits

Support and acceptance of zero-Covid policy is increasingly waning as economic upheaval takes a mounting toll on people from all walks of life in China, from its urban dwellers to nomadic herdsmen.

Support and acceptance of zero-Covid policy is increasingly waning as economic upheaval takes a mounting toll on people from all walks of life in China, from its urban dwellers to nomadic herdsmen.

4 Dec 2022 - 8:00AM

How Taiwan’s lead in advanced chips threatens to leave China in the dust

Semiconductor manufacturing looks to make a big leap forward in the coming three years, but US-led restrictions on exports to mainland China threaten to pose a ‘long-term challenge’.

Semiconductor manufacturing looks to make a big leap forward in the coming three years, but US-led restrictions on exports to mainland China threaten to pose a ‘long-term challenge’.

3 Dec 2022 - 7:38AM

As virus battle drags on, China to conduct economic census in 2023

China’s fifth national economic census will take place next year, with the world’s second-largest economy facing a critical time amid its three-year battle with the coronavirus that has taken a toll on the economy.

China’s fifth national economic census will take place next year, with the world’s second-largest economy facing a critical time amid its three-year battle with the coronavirus that has taken a toll on the economy.

2 Dec 2022 - 9:00PM

‘Calibrating’ Covid-19 strategy critical to China’s economic recovery: IMF

IMF managing director Kristalina Georgieva says China is being held back by Covid-19 lockdowns and challenges in the real estate sector, while it has a leading role to play in preventing fragmentation of the global economy.

IMF managing director Kristalina Georgieva says China is being held back by Covid-19 lockdowns and challenges in the real estate sector, while it has a leading role to play in preventing fragmentation of the global economy.

2 Dec 2022 - 6:00PM

US report dispels China’s Belt and Road Initiative ‘debt trap’ narrative

Report shows China held 19.6 per cent of Sri Lanka’s US$37.6 billion external debt at the end of 2021, but downplayed suggestions of a so-called Chinese debt trap around Beijing’s signature Belt and Road Initiative.

Report shows China held 19.6 per cent of Sri Lanka’s US$37.6 billion external debt at the end of 2021, but downplayed suggestions of a so-called Chinese debt trap around Beijing’s signature Belt and Road Initiative.

2 Dec 2022 - 10:00AM

As China’s coronavirus controls enter a new phase, what about the economy?

Economists say while China has taken a stride towards reopening, a full economic rebound will be slow and bumpy, with consumption only likely to recover when coronavirus infections start to plummet.

Economists say while China has taken a stride towards reopening, a full economic rebound will be slow and bumpy, with consumption only likely to recover when coronavirus infections start to plummet.

2 Dec 2022 - 8:57AM

US dollar has ‘peaked’, China’s central bank says, as Fed ponders rate slowdown

The yuan hit a two-week high against the US dollar after the US Federal Reserve said rate increases could be scaled back, which could suppress the ‘upward momentum of the dollar’, according to China’s central bank.

The yuan hit a two-week high against the US dollar after the US Federal Reserve said rate increases could be scaled back, which could suppress the ‘upward momentum of the dollar’, according to China’s central bank.

5 Dec 2022 - 1:40PM

Macau casinos face worst year on record after poor show in November

Macau’s casinos are set to rake in their lowest revenue on record this year as mainland China’s strict Covid-19 policies continue to keep visitors away from the gaming hub.

Macau’s casinos are set to rake in their lowest revenue on record this year as mainland China’s strict Covid-19 policies continue to keep visitors away from the gaming hub.

1 Dec 2022 - 5:30PM

What can be expected from China’s economic work conference in December?

China’s annual central economic work conference in mid-December will be closely watched by investors and private businesses.

China’s annual central economic work conference in mid-December will be closely watched by investors and private businesses.

1 Dec 2022 - 6:08PM

China’s factory activity shrinks as Covid-19 takes ‘toll on the economy’

China’s Caixin/S&P Global manufacturing purchasing managers’ index (PMI) rose to 49.4 in November, up from 49.2 in October, data released on Thursday showed.

China’s Caixin/S&P Global manufacturing purchasing managers’ index (PMI) rose to 49.4 in November, up from 49.2 in October, data released on Thursday showed.

1 Dec 2022 - 11:27AM

China-Russia energy trade, already at historic high, can be stronger, Xi says

Presidents Xi Jinping and Vladimir Putin throw their support behind further economic cooperation between the neighbouring nations against the backdrop of external challenges such as Western sanctions.

Presidents Xi Jinping and Vladimir Putin throw their support behind further economic cooperation between the neighbouring nations against the backdrop of external challenges such as Western sanctions.

30 Nov 2022 - 9:45PM