CICHY News and Press, China Construction Bank Corp ADR From 09/20/21

Financial assets crashed worldwide on Monday as the second-largest property developer Evergrande collapsed. China has been in a property bubble for years, with home price-to-income ratios over 30X and the development of numerous vacant cities around the country. The PBOC already h...

Chinese and Hong Kong bank stocks slide as China Evergrande(OTCPK:EGRNF -11.8%), faced with a liquidity crisis, heads for an expected debt restructuring of its more than $300B of liabilities. Chinese real estate developer Sunac China Holdings (OTC:SCCCF) also drops as investors fear that Ever...

August/September Fortune published the latest 500 "world's largest companies globally in 2020" (based on revenues) and 33 pay dividends. "A pandemic couldn’t disrupt, the top-spot on the Fortune Global 500 for 2020. Mega-retailer, Walmart landed at number-one on the list of the...

The People's Bank of China partly rolled over maturing medium-term loans on Thursday, as a reduction in the banks' reserve requirements take effect, Reuters reports, citing a PGOC statement.The central bank is keeping the interest rate on 100B yuan ($15.46B) of one-year medium-term lending fa...

MarsYu/iStock via Getty Images Since the start of the COVID-19 pandemic, the People's Bank of China has kept rates low and has provided fiscal stimulus to support the economy, however, the nation's recovery has been uneven, leading to a rise in bad loans in the banking sector, Reuters re...

bingdian/iStock via Getty Images The People's Bank of China will lower the amount of funds that banks are required to keep at the central bank, a move that injects $154B (~$24B) of liquidity into the banking systems in an effort to increase loans to the country's small businesses. The PBOC sa...

The largest banks in the Asia Pacific region continue to dominate the top five spots in S&P Global Market Intelligence's annual ranking of the 100 largest banks in the world in terms of total assets.The top four are based in China — Industrial & Commercial Bank of China (IDCBY)...

Emerging Markets are set to grow quickly in the coming years, EEM ETF offers a chance to capitalize on this trend. The ETF includes over 1000 holdings from emerging markets worldwide, most notably from the technology sector. The weighted index slightly outperformed the broader mar...

Jack Ma's first public appearance after nearly three months of speculations about his well-being was the biggest news of the week. It reaffirmed the rationalized manner in which the authorities are investigating the alleged transgressions of the business practices. Key KWEB ETF ho...

China Construction Bank ([[CICHY]] +3.2%), the world's second-largest bank by assets (as of fall 2020), plans to launch the sale of $3B of debt on blockchain, the first digital security issued by a Chinese bank using the technology on which crypto is based, the China Morning Post reports...