China’s banking crisis overblown: Ross I think China is getting close where people should be making more commitments to it, says Wilbur Ross, Chairman & CEO at WL Ross & Co., sharing his thoughts on investing in China. By global standards they’re doing very well and I think they will...
Chinese and Hong Kong stocks fell on Thursday, as troubles at top lender Credit Suisse stoked fears of a banking crisis. China’s benchmark Shanghai Composite lost 1.1 percent and the Shenzhen Component fell 1.5 percent. Hong Kong’s Hang Seng index also closed 1.7 percent lower, and the TE...
In the first year of the post-pandemic era, 2023, both the U.S. and China faced economic difficulties and challenges. The U.S. is facing the most serious banking crisis since 2008. Federal regulators are using measures to restore the confidence of depositors and investors. The Fed is at ...
the number of community banks has decreased from about 7,000 in 2013 to around 4,000 in 2023. Similar trends have been observed in Germany and Japan, where the financial crisis accelerated the consolidation of banking sectors.
Chinese and Hong Kong stocks fell on Thursday, as troubles at top lender Credit Suisse stoked fears of a banking crisis. China’s benchmark Shanghai Composite lost 1.1 percent and the Shenzhen Component fell 1.5 percent. Hong Kong’s Hang Seng index also closed 1.7 percent lower, and the TE...
Chinese stocks edged slightly lower as Friday’s monetary-easing measures were partly offset by fears of a global banking crisis remained. The benchmark Shanghai Composite fell 0.5 percent and the Shenzhen Component slid 0.3 percent. Hong Kong stocks sank even sharper with the benchmark Hang Seng...
Chinese and Hong Kong stocks fell on Thursday, as troubles at top lender Credit Suisse stoked fears of a banking crisis. China’s benchmark Shanghai Composite lost 1.1 percent and the Shenzhen Component fell 1.5 percent. Hong Kong’s Hang Seng index also closed 1.7 percent lower, and the TE...
Chinese stocks edged slightly lower as Friday’s monetary-easing measures were partly offset by fears of a global banking crisis remained. The benchmark Shanghai Composite fell 0.5 percent and the Shenzhen Component slid 0.3 percent. Hong Kong stocks sank even sharper with the benchmark Hang Seng...
Gordon Chang
China increased its gold reserves for the sixth consecutive month in April to 66.76 million ounces (1,893 tons) for the first time since 2019, amid a global financial panic triggered by aggressive US interest rate hikes on top of its ongoing banking crisis. ...