Chinese banks cut a key interest rate for long-term loans by a record amount, a move that would reduce mortgage costs and may help counter weak loan demand caused by a property slump and Covid…
Monthly Archives For May 2022
Xiaomi’s business hit hard by Covid-19 lockdowns as profit halves in first quarter
The outbreak of the Omicron Covid-19 variant and strict lockdowns in major cities from February cast a shadow over the consumer market,” said Canalys analyst Toby Zhu in a no …
Beyond Ventures Congratulates Smartsens on its successful IPO on the Shanghai’s STAR Market
Prior to its IPO, Smartsens had received investment from numerous well-known corporations and Funds including China Integrated Circuit Industry Investment Fund II, Haikang Wisdom Fund, Xiaomi Industry …
Asian shares jump as China cuts key lending benchmark
Asian shares jumped in early trade on Friday after China cut a key lending benchmark to support a slowing economy, but a gauge of global equities remained set for its longest weekly losing streak on…
China cuts key mortgage reference rate as Covid bites
China on Friday announced it would cut a key interest rate as the country fights to boost its virus-hit economy and Covid-19 restrictions rip across major cities.
China cuts mortgage reference rate again, seeking to revive credit
China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second cut this year as Beijing seeks to revive credit demand to prop up the economy.
Japan’s Quad summit eyes unity on China, if not Ukraine
The leaders of Japan, India, Australia and the United States meet in Tokyo next week seeking common ground on countering China, despite differences over Russia’s invasion of Ukraine.
China Banks Cut Key Rate by Record to Boost Ailing Economy
Chinese banks cut a key interest rate for long-term loans by a record amount, a move that would reduce mortgage costs and may boost weak loan demand amid a property slump and Covid lockdowns.Most Read…
China PBOC Cuts Five-Year Benchmark Lending Rate
China’s central bank lowered the benchmark lending rate for loans with tenors of five years or more, a move that could help lower financing costs for struggling businesses.
China holds one-year benchmark lending rate, but mortgage reference rate cut amid economic slowdown
China’s one-year loan prime rate (LPR) was held at 3.7 per cent, the People’s Bank of China (PBOC) said on Friday The five-year LPR, which is the reference for mortgages, was cut from 4.6 per…
Will China’s Compromise on Foreign Audits Be Enough to Stop Stock Market Expulsions?
China has made a compromise in an effort to resolve a conflict between China’s national state secrecy laws and a U.S. law requiring foreign listed companies to comply with U.S. auditing standards. But …
IC design houses bracing for cutback in orders from China handset brands
Taiwan-based IC design houses particularly LCD driver IC firms continue to see their China-based handset clients decelerate their pace of orders, bracing for a potential cutback in the orders for the …
Xiaomi’s business hit hard by China’s Covid-19 lockdowns as profit halves in first quarter
Chinese smartphone maker Xiaomi turned in weak sales and profit for the first quarter as China’s strict Covid-19 lockdowns dampened demand and disrupted supply chains across the country. “This …
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