Exclusive-China Evergrande offshore bondholder group to join liquidation petition – sources
By Clare Jim HONG KONG (Reuters) – A key offshore bondholder group of China Evergrande plans to join a petition to liquidate the developer at a hearing in a Hong Kong court…
Exclusive-China orders local governments to cut exposure to public-private projects as debt risks rise, sources say
BEIJING (Reuters) – China has ordered its local governments to halt public-private partnership projects identified as “problematic” and replaced a 10% budget spending allowance for these ventures with a vetting mechanism by…
Exclusive-China makes largest US soy purchases in months -traders
By Karl Plume CHICAGO (Reuters) – China booked its largest single-day U.S. soybean purchases in at least three months on Tuesday, traders said, offering a glimmer of hope for the most valuable…
Exclusive-China took part in leaders’ AI meeting even though UK did not acknowledge
By Brenda Goh and Paul Sandle SHANGHAI/LONDON (Reuters) – China said it attended a top-level ministerial meeting at the UK AI Safety Summit on Thursday, despite not being listed by Britain among…
Exclusive-China to receive most of record ICE sugar October delivery -traders
By Marcelo Teixeira NEW YORK (Reuters) – Most of the record physical delivery of sugar by commodities traders at the expiration of the October futures contract at the Intercontinental Exchange (ICE) last…
Exclusive-China asks big banks to stagger and adjust dollar purchases – sources
SHANGHAI (Reuters) -China’s central bank has asked some of the country’s biggest lenders to refrain from immediately squaring their foreign exchange positions in the market, and to run open positions for a…
Exclusive-China to take more action to revive property sector -sources
By Julie Zhu and Jane Xu HONG KONG (Reuters) – China is set to take further action including relaxing home-purchase restrictions as it scrambles to tackle a deepening crisis in its massive…
Exclusive-China, Saudi in talks for ETF cross-listings to bolster financial ties-sources
By Xie Yu and Selena Li HONG KONG (Reuters) – China and Saudi Arabia’s stock exchanges are in talks to allow exchange-traded funds (ETFs) to list on each other’s bourses, three sources…
Exclusive-China asks some banks to reduce or delay dollar buying -sources
SHANGHAI/BEIJING (Reuters) – China’s currency regulators are asking some commercial banks to reduce or postpone their purchases of U.S. dollars in order to slow the yuan’s depreciation, two people with direct knowledge…
Exclusive-China guides banks to further cut deposit rates – sources
(Reuters) – China nudged banks this month to cut deposit interest rates further, seven people with knowledge of the matter said, in the latest effort to channel the country’s vast savings pool…
Exclusive-China out of UN’s wildlife survey for pandemic controls – source
By Francesco Guarascio HANOI (Reuters) – China is not participating in a United Nations project to survey Asian wet markets and other facilities at high risk of spreading infectious diseases from wild…
Exclusive-China increasingly ambitious with 2023 growth target, may aim for up to 6%-sources
By Kevin Yao BEIJING (Reuters) – China is becoming increasingly ambitious with its 2023 growth target, aiming potentially as high as 6%, in a bid to boost investor and consumer confidence and…
Exclusive-China advisers say they’ll recommend modest growth target for 2023
By Kevin Yao BEIJING (Reuters) – Chinese government advisers say they will recommend modest economic growth targets for next year ranging from 4.5% to 5.5% to an annual policymakers’ meeting, marking a…
Exclusive-China FX regulator surveys banks about positioning as yuan plunges – sources
SHANGHAI/BEIJING (Reuters) -China’s foreign exchange regulator sent a survey to some banks late on Monday asking them about their positioning in the currency market, three sources with direct knowledge of the matter…
Exclusive-China prepares to tweak yuan fixing process to slow its fall -source
SHANGHAI (Reuters) – Chinese monetary authorities are asking local banks to revive a yuan fixing tool it abandoned two years ago as they seek to steer and defend the rapidly weakening currency,…
Exclusive-China EV maker Leapmotor puts off $1.5 billion Hong Kong IPO -sources
By Scott Murdoch and Julie Zhu HONG KONG (Reuters) -Chinese electric vehicle maker Zhejiang Leapmotor Technology has shelved a plan to raise $1.5 billion through an initial public offering (IPO) in Hong…
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