FILE PHOTO: The logo of China Huarong Asset Management Co is seen at its office in Beijing, China, April 16, 2021. REUTERS/Thomas PeterBEIJING (Reuters) – China Huarong Asset Management has […]
China will have at least 1,000 nuclear warheads by 2030, Pentagon report warns
China is expected to have at least 1,000 nuclear warheads by 2030, according to a new projection by the US military – a significant acceleration of its nuclear weapons programme. […]
Extreme weather here to stay as deadly storms set to worsen, scientists warn
Extreme weather is set to be the “new normal”, according to scientists. This year is set to rank among the hottest on record with a warning of more to come. […]
Exclusive: China developers propose offshore debt maturity extension, restructuring to regulators – sources
BEIJING/HONG KONG (Reuters) – Some Chinese property developers have voiced their intention to the regulators to extend their offshore bond maturities or undertake a debt restructuring, two sources with knowledge […]
China Evergrande shares fall on persistent pressure from debt travails
FILE PHOTO: A traffic light is seen near the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly SongHONG KONG (Reuters) -Shares of cash-strapped China […]
OCBC, Ping An to provide two-way wealth services in China's Greater Bay Area
SINGAPORE (THE BUSINESS TIMES) – OCBC on Tuesday (Oct 19) announced that its Hong Kong subsidiary, OCBC Wing Hang Bank, will partner China’s Ping An Bank to provide two-way wealth […]
New Chinese mega-telescope could finally confirm existence of aliens
A new telescope located in China could finally confirm whether aliens exist due to its massive observational platform. According to calculations, the five-hundred-meter piece of equipment called Aperture Spherical Radio […]
China faces challenges from 'mismanagement' at certain firms, says PBOC head
(Reuters) – China’s economy is “doing well”, but faces challenges such as default risks for certain firms due to “mismanagement”, the People’s Bank of China Governor Yi Gang said on […]
Chinese torturer electrocuted genitals of Muslims tied to punishment chair
A former Chinese police officer has blown the whistle on how prisoners are brutally tortured in the country's Xinjiang province. Jiang, 39, claims he fled China last year and is […]
Evergrande CEO in Hong Kong for restructuring, asset sale talks, sources say
HONG KONG (Reuters) -Evergrande Group’s chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the […]