Aggregate financing stood at 1.33 trillion yuan ($212 billion) in March, compared with an estimated 1.8 trillion yuan in a Bloomberg survey and 1.17 trillion yuan the prior month New yuan loans stood at 1.12…
Monthly Archives For April 2018
China’s central bank to relax commercial banks’ deposit rate ceiling: sources
HONG KONG/SHANGHAI (Reuters) – China’s central bank will relax its informal guidance for the upper limit of commercial banks’ deposit rates, facilitating the market liberalization of interest rates, three sources with knowledge of the matter…
UPDATE 1-China March new loans rebound to 1.12 trln yuan but miss forecasts
the threat has not reached a point where China is likely to change its monetary policy, the Bank of Communications said in a recent report. Long-term household loans, mostly mortgages, rose to 377 billion yuan…
China’s Trade Surplus Vanishes, as the Markets Monitor Noise from the Oval Office
Economic data through the Asian session this morning included New Zealand’s March Business PMI, the release of the RBA’s Financial Stability Review and China’s March trade figures. For the Kiwi Dollar, March’s business PMI slipped…
‘King of Chinese Pop’ Wang Leehom launches global tour in Beijing
(CNN)Wang Leehom needs no introduction to his legion of fans in China where he kicks off his global tour Friday in Beijing. Named “Descendants of the Dragon, 2060,” the tour promise to be a stellar…
China Rapid Finance: Is It Close To Making A Profit?
China Rapid Finance (XRF) has experienced a business shift from lifestyle loans (larger in size) to consumption loans (smaller size), which will lead to bigger impact from regulatory hammer; Q4 earnings results didn’t satisfy investors…
China Banks Aiding North Korea Are Said Too Big to Punish
After conducting an economic impact analysis, officials worried about potential systemic damage and retaliatory measures from China, they explained. The Chinese lenders that were spared, at least for now, are Agricultural Bank of China and…
U.S.-China trade dispute could have ‘domino effect’ on global economy: WTO
The comments came after Azevedo chaired an annual WTO news conference to lay out its predictions for trade, but acknowledging they are clouded by the possible fallout from the spat between the U.S. and China.…
Asia News: Top China news app apologizes after government crackdown
Shanghai (AFP) – One of China’s most popular news apps issued an abject apology Wednesday and pledged to increase its internal censorship staff to 10,000 after it and three other apps were temporarily banned by…
Direct Financial Impact From Tariffs on China Likely Limited
Matt Jamieson, Senior Director/Head:APAC Research, Fitch Ratings Australia discussed credit risk for corporates as a result of trade tensions in the APAC region. He spoke with Doug Krizner and Juliette Saly, and goes on to…
China lays out self-driving rules in global race: China Daily
which he called a key plank of Beijing “Made in China 2025” push. “We will accelerate to build a strong manufacturing country, a strong country in science and technology with strong networks and transportation,” he…
Luxury brands Hermès, Guerlain and Dior use mobile games to attract Chinese millennials
While the Hermès game is available globally, it’s an especially smart strategy for China, where the average luxury consumer is significantly younger and more receptive to gaming. Several luxury brands have also launched games just…
Mélanie Joly latest minister to push Canadian business in China
OTTAWA—Behind the trade drama on both sides of the Pacific, with the U.S. and China swapping tariffs amid an escalating spat, Canadian cabinet ministers continue their quiet effort to expand ties with the Asian economic…
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