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2 weeks ago | 
bloomberg.com | Charlie Zhu |Wenshan Luo |Colum Murphy
Volodymyr Zelenskiy(Bloomberg) -- China hit back at Ukrainian President Volodymyr Zelenskiy after he said Kyiv’s intelligence services identified at least 155 Chinese nationals fighting alongside Moscow’s troops, escalating a dispute over the issue. “We advise relevant parties to have a correct and clear understanding of China’s role and not to make irresponsible remarks,” Foreign Ministry spokesman Lin Jian said Thursday at a regular press briefing in Beijing.
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Jan 14, 2025 | 
news.bloomberglaw.com | Charlie Zhu |Emma Dong
Country Garden Holdings Co. suffered another record loss in 2023 as the Chinese property giant pledged to clinch a deal with creditors on a debt restructuring plan by June. The embattled real estate firm reported alossattributable to shareholders of 178.4 billion yuan ($24.3 billion) for the year, compared with a loss of 6 billion yuan in 2022, an exchange filing showed late Tuesday.
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Jan 14, 2025 | 
news.bloomberglaw.com | Charlie Zhu |Emma Dong
Country Garden Holdings Co. suffered another record loss in 2023 as one of China’s largest developers continues its lengthy restructuring process after defaulting on its debt. The embattled real estate firm reported alossattributable to shareholders of 178.4 billion yuan ($24.3 billion) for the year, compared with a loss of 6 billion yuan in 2022, according to an exchange filing on Tuesday.
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Dec 31, 2024 | 
bloomberg.com | Charlie Zhu |Emma Dong
China’s residential property sales in December were flat on-year, avoiding a downturn seen much of 2024 and reflecting signs of market stabilization after the government’s stimulus blitz. The value of new-home sales from the 100 biggest real estate companies for the month remained unchanged from a year earlier at 451.4 billion yuan ($61.8 billion), compared to a 6.9% on-year drop in November, according to preliminary data from China Real Estate Information Corp.
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Dec 3, 2024 | 
bloomberg.com | Charlie Zhu |Winnie Zhu
China isn’t short of options when it comes to critical minerals that could be used as counters in a trade war with the US. Beijing’s ban on Tuesday covering sales to the US of gallium, germanium, antimony and superhard materials, and tighter controls on graphite, are likely an opening salvo in export controls that could be extended to dozens of niche materials if trade frictions with Washington escalate.
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Aug 25, 2024 | 
bloomberg.com | Charlie Zhu |Zheng Li
Bank of China Ltd. President Liu Jin has stepped down after a little more than three years in the job, according to a statement from the company filed to the Shanghai Stock Exchange. Liu, born in 1967, resigned from his roles including as executive director due to personal reasons, effective Aug. 25, the state-owned bank said on Sunday, days after he was absent from a board meeting. Chairman Ge Haijiao will be acting president for the bank, according to the statement.
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Jul 21, 2024 | 
bloomberg.com | Charlie Zhu |Emma Dong
China’s ruling Communist Party pledged to accelerate a new housing model that emphasizes renting and ramps up affordable homes, following a record property slump. The party’s Central Committee said the new model will promote both renting and buying, in line with its call made since 2017, according to a resolution published by the official Xinhua News Agency on Sunday.
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Jul 21, 2024 | 
bloomberg.com | Charlie Zhu |Amanda Wang
China will improve its supervision mechanism for the $66 trillion financial sector and regulate all sorts of financial activities, according to the ruling Communist Party’s long-term plan for the world’s second-largest economy. The government will formulate financial law to strengthen regulatory responsibilities and accountability, according to a document published by the official Xinhua News Agency on Sunday.
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Jul 15, 2024 | 
freedombunker.com | Charlie Zhu |Helen Sun |Tyler Durden
Chinese Regulators Intensify Efforts To Tighten Control Over Financial MarketsJuly 14, 2024 | Tags: ZEROHEDGE Chinese Regulators Intensify Efforts To Tighten Control Over Financial MarketsBy Charlie Zhu and Helen Sun, Bloomberg Markets Live reporters and strategists1. Chinese regulators intensified efforts to tighten their control over financial markets.
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May 31, 2024 | 
bloomberg.com | Charlie Zhu |Amanda Wang |Emma Dong
China’s market regulator vowed to press ahead with a probe into “intermediary agencies” involved in an alleged fraud by China Evergrande Group. The China Securities Regulatory Commission on Friday formally announced it will impose a 4.18 billion yuan ($577 million) fine on Evergrande’s onshore unit Hengda. The regulator cited the unit’s fraudulent bond issuance and violations on information disclosures, according to a statement.
