china

China’s green tech is leading the way, but a structural challenge domestically is more crucial, an audience of investors heard in Hong Kong.

The property crisis and policy measures will continue to pressure the bank’s revenue throughout 2024, said CMB’s board members during a press conference.

With many eyes on China, exporting softer consumer prices from one economy to another is not an ideal solution for central banks facing an uncertain inflationary outlook. After its first rate hike in years, investors could look to Japan for lessons.

Beijing will issue a spree of special-purpose bonds in order to help meet the ambitious GDP target, but more reforms are likely needed to boost output.

Despite solid growth and exciting potential, overseas markets still only account for a small portion of Chinese electric vehicle makers’ revenues.

As 28 countries, including Pakistan, Laos and Sri Lanka, suffer from a debt trap, despite past criticism and amid high US interest rates, Washington is asking China to help mitigate the debt risks.

After a damning Hong Kong court verdict, Chinese developers to face higher financing costs, and the move could set a precedent for future liquidations.

Lu, who has been at the US bank for over 20 years, is replacing Christine Lam, who is retiring.

International investors will be closely watching if the liquidators, from Alvarez & Marsal Asia, have any power over the enforcement of assets in China of the troubled property group.