The last time the central bank cut the one-year and five-year LPR was in April 2020, according to data from Wind Information.
Monthly Archives For December 2021
China Central Bank Cuts Loan Prime Rate for First Time in 20 Months
The People’s Bank of China cut the one-year loan prime rate amid a slowing economy that has been dragged by a slump in the property sector.
China debt woes to weigh on Asia high-yield issues in first half of 2022, bankers say
China’s property sector debt turmoil is set to keep a lid on Asian high-yield corporate bond deals in the first half of next year after a string of defaults by real estate firms left global…
China urges real estate project acquisitions to aid struggling developers -state media
China is urging large private and state-owned property companies to acquire real estate projects from troubled developers to reduce risks that mounting debt piles will destabilise the economy, the …
China’s Nov clean marine fuel exports rise 18% m/m
China’s exports of clean marine bunker, or very low-sulphur fuel oil (VLSFO), rose 17.8% in November from a month ago, as refiners acquired a new batch of export allowances.
China’s Nov soybean imports from U.S. surge from Oct as Ida effects clear
China’s November soybean imports from the United States surged from October, customs data showed on Monday, as the effects of the export disruptions from Hurricane Ida earlier this year started to …
China’s oil imports in Nov from Saudi Arabia fall from a year earlier
China’s crude oil imports from Saudi Arabia in November fell 13% from a year earlier, but the kingdom retained its ranking as the top supplier to the world’s biggest oil importer.
China Foreign Minister Says Will Not Fear Confrontation With U.S.
Chinese foreign minister Wang Yi said that China would not fear confrontation with the United States, but would welcome cooperation if it was mutually beneficial and competition should be positive, …
China Says Taiwan Is a ‘Wanderer’ That Will Eventually Come Home
Taiwan is a “wanderer” that will eventually come home and not a chess piece to be played with, the Chinese government’s top diplomat said on Monday, reaffirming Beijing’s determination to bring the …
China’s Nov diesel exports tumble as domestic fuel crunch prioritised
China’s diesel exports in November plunged 69% from a year ago as refineries prioritised domestic supply to ease a fuel crunch, while gasoline exports also dropped. BEIJING, Dec 18 (Reuters) – China’s …
IPOs in Asia face headwinds after bumper year
After a bumper year of stock listings, Asian companies may find it hard to repeat the success in 2022 given the prospect of rising interest rates and China’s tightening grip on Big Tech.
Hong Kong Leader to Visit Beijing on Dec 20-23
Hong Kong leader Carrie Lam will visit Beijing on Dec. 20-23 to brief Chinese leaders on the latest economic, social and political situation in the city, the government said on Monday. Her trip comes …
NHL expects to make decision soon on attending Beijing Olympics
The National Hockey League (NHL) and its players’ association on Sunday said they were in discussions and expect to make a decision in the coming days about whether to participate in the Beijing …
