China #Pingan shares in Hong Kong drop as much as 6.8% on Monday though the company said PA insurance funds have zero exposure, neither equity nor debt, including China #Evergrande, other investment exposures risks are under control.
Shares of #Evergrande open 1.57% lower in Hong Kong on Monday morning.
On Saturday, Evergrande Wealth Management says has already started the process of physical assets redemption. #HongKong#Evergrande#StockMarket
Stocks related to Evergrande continue the downward trend in #HongKong.
The gauge tracking the #Evergrande-backed sector drops 4.8%, with China Evergrande Group -9.5%, Evergrande NEV -4%, Evergrande Property Services -5.2% and HengTen Networks -5.6%. #StockMarket
Britain's business minister held emergency talks with the heads of the UK's largest energy suppliers and operators on Saturday to discuss a surge in gas prices that threatens a range of industries including suppliers of meat and poultry. #OOTT#ONGT reuters.com/world/uk/briti…
#UK business minister says he was reassured by energy bosses that security of supply was not an issue. #OOTT#ONGT
#UK business minister says protecting customers during a time of heightened global gas prices is an absolute priority, gas and electricity supply will continue uninterrupted if a supplier fails and we are confident gas supply can be maintained. #OOTT#ONGT
China Evergrande's lenders weigh up loan losses, rolling over credit - RTRS cites sources #EvergrandeGroup#Evergrande
Agricultural Bank of China has made some loan loss provisions for some of its Evergrande exposures. China Minsheng Banking Corp’s loan exposure to Evergrande cut to 30 bln yuan from 40 bln in past year. #EvergrandeGroup#Evergrande
It is possible the government may step in to manage an orderly collapse of #Evergrande, said two banking sources familiar with the matter. "And the regulators have done related risk evaluation among the financial institutions before letting it happen," one of them said.
#ECB's De Cos: Current conditions don't allow for rate hike in 2023. $EUR
#ECB's De Cos: Conclusion of FT report incompatible with ECB guidance. $EUR #FYI: FT headline says unpublished ECB inflation estimate raises prospect of earlier rate rise.
#ECB inflation outlook likely to be revised higher, doesn’t see 2% price goal reached in medium-term: Kazaks
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China's Politburo held a meeting to analyze the current economic situation and economic work, presided over by General Secretary Xi Jinping. #China#Economy