Tag: Beijing

  • China Injects Nearly $56 Billion Into Banks as the Credit Engine Collapses

    China Injects Nearly $56 Billion Into Banks as the Credit Engine Collapses

    Beijing is pouring fresh capital into its biggest banks and insurers. The problem is not a shortage of money. The problem is that increasingly few Chinese businesses and households want to borrow it. China has reached for the financial fire hose again. Beijing is orchestrating a roughly 360 billion yuan—about US$54 billion, or nearly $56…

  • China’s Gold Vault Network: Beijing Is Building the Physical Rails for a More Global Yuan

    China’s Gold Vault Network: Beijing Is Building the Physical Rails for a More Global Yuan

    China’s push to internationalize the yuan is taking a distinctly old-world turn: gold. Rather than simply asking foreign governments and companies to trust another fiat currency, Beijing is building infrastructure that could give yuan-denominated trade a physical exit door into bullion. China is developing a network of offshore gold vaults while expanding the trading, clearing…

  • Beijing for Hong Kong IFC

    Leaders affirm the central government has been attaching great importance to and supporting the financial development of Hong Kong. They pledged that the central government will actively take measures that would be favorable for the development of Hong Kong’s financial industry, the consolidation of Hong Kong’s status as an international financial center and the cooperation…

  • From Wall Street to Beijing: Global Finance Has New Rules, New Players

    The rising power of hedge funds and private equity investment, continued sharp competition among Wall Street firms, and growth in China and India are the key drivers of global finance today, according to industry leaders at a recent Wharton Finance Conference whose theme was From Wall Street to Beijing: Thriving in a Changing Environment. Speakers…

  • Beijing Tianhong Turns To Foreign Investors

    By Federica Bianchi – BEIJING (Dow Jones)–Beijing Tianhong Real Estate Development and Management Corp., a subsidiary of Tianhong Group, Beijing’s largest real estate developer, is starting to cooperate with foreign investors on individual residential housing projects after the government tightened credit resources for construction. “We are teaming up with several investors that don’t necessarily have…