The governments of China’s Hainan Province and the city of Shenzhen announced last month that they would issue up to 5 billion yuan (about $700 million) of offshore bonds in Hong Kong. China’s local governments, under financial stress, are using Hong Kong to access overseas funds, experts believe. However, Hong Kong’s economic outlook is not…
Amid Financial Turmoil, China’s Local Governments Issue Bonds in Hong Kong
Chinese Stocks Face Massive Delisting As US Fortifies Investor Protection
News Analysis Once upon a time, Chinese stocks enjoyed a certain privilege in the United States, a getaway from the scrutiny of the Public Company Accounting Oversight Board (PCAOB), which all foreign companies listed in the United States need to undergo. Now, the chair of the U.S. Securities and Exchange Commission (SEC) is adamant that Chinese…
China’s Foreign Capital Data Questioned as Depreciation of Yuan Accelerates
China’s Ministry of Commerce recently claimed that from January to April, the country’s actual use of foreign capital surged by 20.5 percent compared to the same period last year, amid a rapid depreciation of its yuan. But experts believe that the data is false as they say foreign capital has been accelerating its withdrawal from…
Foreign Investors Pull Out of China Market, State-Owned Capital Injected
Foreign capital started flowing out of China on a large scale in March. While foreign investors scrambled to sell out Chinese stocks and bonds, state-owned capital has been infilling the market in a bid to maintain its stability and stave off a possible financial crisis. The retreat of foreign capital affected the Chinese stock market,…
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