Also on Wednesday, the People’s Bank of China (PBoC) rolled over Rmb500bn of the Rmb950bn medium term lending (MLF) facility that matured on the day. The one year MLF rate was kept unchanged at 2.95%.
Monthly Archives For December 2021
Microsoft’s Bing says it suspended auto suggest function in China at government’s behest
Microsoft’s Bing said it has been required by a “relevant government agency” to suspend its auto suggest function in China for 30 days.
Hong Kong is set for first legislative election since Beijing’s new electoral rules
Hong Kong holds elections for the city’s legislature on Sunday — the first for the Legislative Council since Beijing led an overhaul of Hong Kong’s electoral process.
China to amend laws to allow ride-hailing drivers and food delivery workers to form unions
China plans to amend laws to allow ride-hailing drivers and food delivery workers to form unions, state media reported on Friday.
Chinese Property Tycoons Lose $46 Billion: Evergrande Update
The richest bosses behind China’s property firms have lost more than $46 billion combined this year, according to the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people that …
China Ramps Up Iran Oil Purchases After Getting New Quotas
China ramped up its buying of cheap Iranian crude last month after independent refiners were granted additional import quotas for 2021.Most Read from BloombergAcross the U.S., School Shooting Threats …
China Industrial Hub Tightens Curbs; Biden Warning: Virus Update
China’s southern Guangdong province is tightening Covid restrictions after a new cluster of infections emerged in the country’s manufacturing hub. Meanwhile, President Joe Biden warned that …
Debt risks of China’s local govts generally under control: MOF
China’s Ministry of Finance (MOF) said on Thursday that the debt risks of local governments in the country are generally under control. By the end of 2020, local governments in China had 25.66 …
Money manager vanishes with China builder’s $313m
A company that was once one of China’s biggest property developers says it has “lost contact” with a wealth manager that has $313m (£235m) of its money.China Fortune Land Development says British …
China Can Have Cheap Coal or Common Prosperity. Not Both
Beijing ordered a drastic ramp-up of output to address fuel shortages, but cutting corners and running equipment above-capacity can have serious safety consequences.
Export-Import Bank of China, Paris Br. (The) — Moody’s affirms the Export-Import Bank of China’s A1 senior unsecured debt rating
Rating Action: Moody’s affirms the Export-Import Bank of China’s A1 senior unsecured debt ratingGlobal Credit Research – 17 Dec 2021Hong Kong, December 17, 2021 — Moody’s Investors Service has …
Tether’s CEO: from IT sales to calling the shots in crypto land
The chief executive of Tether ran a company that faced a string of lawsuits in China over unpaid bills and fines for late tax payments before he helped launch the contentious stablecoin now at the…
Congress passes ban on all imports from China’s Xinjiang unless businesses can prove they are made without forced labor
The move comes amid intense concerns about human rights abuses against the Uyghur, a Turkic Muslim minority ethnic group, in China’s Xinjiang region.
