Bonds of mysterious Chinese energy firm CEFC crashed on Thursday amid reports that its chairman Ye Jianming had been detained, complicating its deal to buy a $9bn stake in Russian oil company Rosneft.
U.S. bonds sold off on Wednesday — and that may have been the point.
China is planning to sell dollar-denominated bonds for the first time in a decade, as it seeks to take advantage of investor appetite for Chinese credit amid the country’s unexpectedly strong economic growth.
China’s government will allow foreign investors to trade in the country’s $9.3 trillion bond market, a vital step in helping to internationalise the yuan and help deepen the capital market.
Investors’ long-held assumption that the government would step up for state-run companies is shaken.
Shift in Treasury holdings is latest symptom of emerging-market slowdown hitting global economy.
While the change caught traders off guard, authorities in the world’s second-largest economy are trying to rein in the use of lightly-regulated Local Government Finance Vehicles (LGFVs) as they promote the development of a more transparent...
Outstanding central and local government debt totaled 20.7 trillion yuan at the end of June last year, data from the National Audit Office show.
Just a day after the Federal Reserve hinted that it could soon begin winding down its bond-purchasing program, investors were unnerved by reports that Chinese banks had become reluctant to lend to one another, causing interest rates in the...
China’s financial regulators are rewriting rules for the interbank bond market after criminal investigations early this year led to the arrests of several well-known bond traders and exposed serious flaws in the market’s supervision system....
It was a typical workday morning at Wanjia Asset Management Co. in Shanghai’s downtown financial district, but the firm’s star bond trader Zou Yu was not at his desk.
Zou, 31, had mysteriously failed to report for his job as head of Wanjia...
