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HONG KONG, May 4 (Reuters) - China's biggest financial data provider Wind Information Co told some customers late last year that it was restricting offshore users from accessing certain business and economic data as a result of the cybersecurity regulator's new data rules, two sources said. Restricted access to Wind by offshore users comes as China sharpens its focus on data usage and security amid rising geopolitical tensions and concerns about privacy in the world's second-largest economy. A Wind salesperson told the source in September the company had made the changes as per instructions from the Cyberspace Administration of China (CAC), which asked it to stop providing offshore users with certain data. The restrictions on offshore users' access to certain Wind data have expanded since last September, said the first source. Reuters has reported, citing sources that Chinese data providers including company databases Qichacha, partially owned by Wind, and TianYanCha have stopped opening to offshore users for at least months.

SHANGHAI, CHINA - MARCH 7, 2023 - The Oriental Pearl Tower, Shanghai Tower, Jinmao Tower and World Financial Center are seen on Lujiazui Street, Shanghai, China, March 7, 2023. Asia-Pacific traded mixed on Monday, as Wall Street looks ahead to another major earnings week, including the likes of Charles Schwab, Bank of America and Morgan Stanley. The quarterly earnings reports would shed light into the overall health of the financial sector in the U.S. following the collapse of Silicon Valley Bank and how that would shape the U.S. Federal Reserve's tightening cycle. China's gross domestic product report is slated to be released on Tuesday, with economists polled by Reuters expecting to see a 4% rise year-on-year for the first quarter of 2023, higher than the final quarter of last year. That would mark the biggest rise in nearly a year.

☆ China is waging a war on its financial industry. Some high-profile bankers are ensnared
▼ + stars: | 2023-04-05 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Last Friday, authorities opened a similar probe into Liu Liange, former chairman of state-owned Bank of China, the country’s fourth largest lender. And in January, Wang Bin, who headed state-owned China Life Insurance from 2018 to early 2022, was charged by national prosecutors with taking bribes and hiding overseas savings. They include financial giants such as China Investment Corp, the nation’s sovereign wealth fund, China Development Bank, which provides financing for key government projects, and Agricultural Bank of China, another large state-controlled lender. “The current financial crackdown is a new wave of Xi Jinping’s anti-corruption campaign against the financial sector for consolidation of his power,” said Chongyi Feng, an associate professor in China Studies at the University of Technology Sydney. But the deepening crackdown on the vast financial sector could rattle investors.

Pictured here is Shanghai's Lujiazui Financial District on June 7, 2022. Asia-Pacific markets are headed for a fall on Monday after UBS agreed to buy its banking rival Credit Suisse in a $3.2 billion takeover over the weekend. Asian markets will also be expecting several economic releases, such as China's loan prime rate and export data out of South Korea later today. In Japan, markets look to open sharply lower, as the Nikkei futures contract in Chicago stood at 26,945 and its counterpart in Osaka was at 26,700, against the Nikkei 225 last close at 27,333.49. In Australia, the S&P/ASX 200 fell 0.76%, with shares of all of its major banks slightly down.

☆ Moody's retains 'negative' outlook on China's banks amid challenges of emerging from Covid-zero
▼ + stars: | 2023-03-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Ratings agency Moody's said Wednesday it maintained a "negative" outlook on China's banking sector as a result of a drawn out recovery after Beijing's Covid controls ended. While Beijing ended its stringent Covid controls in early December, the economic rebound so far has remained muted. "Our outlook on the banking sector remains negative," said Vice President Nicholas Zhu and Associate Managing Director Chen Huang, the authors of the report. Moody's had changed its outlook on China's banks to "negative" from "stable" in November due to "deteriorating operating environment, asset quality and profitability." The ratings agency affirmed its negative outlook earlier this month.

☆ Asia-Pacific shares trade mixed as U.S. inflation data remains firmly in spotlight
▼ + stars: | 2023-01-12 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

SHANGHAI, CHINA - MARCH 01: Skyscrapers stand at the Pudong Lujiazui Financial District on March 1, 2022 in Shanghai, China. Asia-Pacific shares traded mixed as investors look ahead to the U.S. consumer price index report Thursday. Australia's S&P/ASX 200 traded up 1.03% in its first hour of trade. The Nikkei 225 dipped fractionally after reversing earlier gains, while the Topix climbed 0.19%. South Korea's Kospi traded flat, while the Kosdaq declined 0.19%.

More than 30 mutual funds launched this week, mostly equity-focused, offering vehicles for recovery bets. Yang Delong, chief economist at First Seafront Fund Management expects China's economic growth to exceed 5% this year as COVID curbs are scrapped. Cao Ludi, fund manager at Fullgoal Fund Management, predicts an "N-shaped" economic recovery, as an expected Spring revival in activity will likely succumb to a harsh reality check in the second quarter. She advised against chasing the high-flying real estate and tourism stocks, as their "fundamentals remain a question mark." This should mean economic recovery by the second quarter, if not earlier."

☆ Asia markets set to trade lower; China says it will end quarantine for inbound travelers
▼ + stars: | 2022-12-27 | by ( Jihye Lee | ) www.cnbc.com time to read: 1 min

SHANGHAI, CHINA - JUNE 08: Aerial view of skyscrapers standing at the Lujiazui Financial District at sunrise on June 8, 2022 in Shanghai, China. (Photo by Zhang Zhuoming/VCG via Getty Images)Asia-Pacific markets are set to fall as China officially announced overnight it will end quarantine for inbound travelers — symbolizing an end to its zero-Covid policy that it's held for nearly three years. Australia's S&P/ASX 200 fell 0.63%. The Nikkei futures contract in Chicago was at 26,400 while its counterpart in Osaka was at 26,370 – lower against the Nikkei 225's last close at 26,405.87.

In the central city of Wuhan, where the pandemic erupted in late 2019, there were more signs of life with some areas busy with commuters on Friday. "They've relaxed the measures but still, there’s nobody about," said a taxi driver surnamed Wang, who didn't want to give his full name. But there are signs the reassuring new message has still to convince many of the country's 1.4 billion people. China's current tally of 5,235 COVID-related deaths is a tiny fraction of its population of 1.4 billion, and extremely low by global standards. Some experts have warned that toll could rise above 1.5 million if the exit is too hasty.

REUTERS/Aly Song/File PhotoLONDON, Nov 29 - A look at the day ahead in U.S. and global markets from Mike Dolan. They also cheered a relaxation of regulations on developer fundraising that eases the smouldering property sector bust. A crackdown on demonstrations happened simultaneously, with Chinese authorities making inquiries into some protesters as police flooded the city's streets. Strikingly, hawkish Dutch central banker Klaus Knot also said forecasts of recession may be overdone and fears of "overtightening" policy were a "joke". His boss European Central Bank President Christine Lagarde said euro zone inflation, which is expected to ease this month but remain above 10%, has not yet peaked, encouraging speculation of another swingeing 75 basis point interest rate rise next month.

☆ China Q3 GDP growth rebounds at faster pace but risks loom
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

People walk by office towers in the Lujiazui financial district of Shanghai, China October 17, 2022. Gross domestic product (GDP) in the world's second-biggest economy rose 3.9% in the July-September quarter year-on-year, official data showed on Monday, above the 3.4% pace forecast in a Reuters poll of analysts, and quickening from the 0.4% pace in the second quarter. A Reuters poll forecast China's growth to slow to 3.2% in 2022, far below the official target of around 5.5%, marking one of the worst performances in almost half a century. On a quarterly basis, GDP rose 3.9% in the third quarter, versus a forecast 3.5% gain and a 2.6% decline in the previous quarter. But retail sales remained weak, rising 2.5%, worse than expectations for 3.3% rise and 5.4% growth in August.

☆ China delays release of key economic data amid party congress
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +3 min

The highly unusual delay comes amid the week-long congress of the ruling Communist Party, a twice-a-decade event that is an especially sensitive time in China. He said the delay was unlikely to affect market sentiment as most preliminary economic data pointed to a pick-up in recovery in the third quarter. The delays followed the unexplained delay in the release of September's trade data by the General Administration of Customs, which had been due out on Friday. The trade data was not released on Monday and calls to the customs administration seeking comment went unanswered. At the last party congress, in 2017, third quarter GDP data was released as usual.

☆ China delays release of economic indicators including Q3 GDP
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Aly SongBEIJING, Oct 17 (Reuters) - China will delay the release of economic indicators originally scheduled for publication this week, including the country's third-quarter gross domestic product due on Tuesday, according to an updated calendar on the statistics bureau's website. The data for third-quarter GDP - originally scheduled for release at 10:00 a.m. local time (0200 GMT) on Tuesday - had been highly anticipated after the world's second-largest economy grew just 0.4% in the second quarter from a year earlier. The delays announced on Monday followed an unexplained move by the General Administration of Customs on Friday to skip its previously scheduled release of September's trade data. The trade statistics had been expected to show China's export growth weakened further from August, dragged down by soft global demand, while its imports remained tepid. The trade data was still not released on Monday and calls to the customs administration seeking comment went unanswered.

☆ Goldman Sachs cuts 2022 target for S&P 500 by 16%
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterPeople wearing masks, following the coronavirus disease (COVID-19) outbreak, are seen near an electronic board showing Dow Jones and S&P 500 stock indexes, at the Lujiazui financial district in Shanghai, China November 9, 2020. REUTERS/Aly Song/File PhotoSept 23 (Reuters) - Goldman Sachs has cut its year-end 2022 target for the benchmark S&P 500 (.SPX) index by about 16% to 3,600 points, as the U.S. Federal Reserve shows little signs of stepping back from its aggressive rate-hike stance. Analysts at Goldman Sachs wrote in a note late Thursday that the expected path of interest rates by the central bank is now higher than its previous estimate. Earlier this month, UBS cut its 2022 year-end target for the S&P 500 to 4,000 points. Register now for FREE unlimited access to Reuters.com RegisterReporting by Aniruddha Ghosh in Bengaluru; Editing by Anil D'Silva and Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

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