China pledged to reduce the amount of liquidity that its banks are required to hold as reserves early next month in its bid to boost its struggling economy.
Monthly Archives For January 2024
China stocks jump again on plan for $139 billion cut to bank reserves
Chinese stocks jumped late in Asia trading Wednesday after the country’s central bank said it would soon loosen monetary policy to support the ailing economy.
Analysis-China’s Attempts to Lift Confidence in Economy Fall Flat
Analysts warn China’s struggle to get its message across to the broader … highlights from the Party’s annual economic conference and the twice-in-a-decade financial policy meeting. The first …
ASML expects US, Dutch export rules to hit China sales by 10-15%
Dutch computer chip equipment maker ASML on Wednesday said it expected new U.S. and Dutch export restrictions to reduce its potential sales to China by some 10-15% this year after they hit record …
How China’s Government Keeps Inadvertently Hurting Its Own Economy
China is trying to address social ills and economic woes. But its solutions may be working against each other.
China to double down on support for Hong Kong as nation’s international financial hub for bonds, green finance, minister says at AFF
Beijing’s financial authorities will double down for their … The overture appeared to have resonated with Egypt’s finance minister Mohamed Maait, who said the country is exploring opportunities to …
China to cut banks’ reserve ratio by 50 basis points from Feb. 5
This comes after China vowed Monday to “strengthen the market’s inherent stability” amid a rout in the country’s onshore and offshore stock markets. The Chinese economy is fraught with financial risks …
China Officials Step Up Rhetoric to Lift Market Confidence
Chinese authorities boosted messages of policy support in a bid to stabilize market confidence, underscoring the heightened concern to stem the rout in stocks.The nation’s state-owned enterprise …
China’s Securities Regulators Urge Hedge Funds To Curb Short Selling Amid Market Turmoil: Report
One hedge fund manager disclosed that the China Financial Futures Exchange (CFFEX) had cautioned against reckless short selling, particularly “naked” short selling that is not conducted for hedging …
Beauty brand says sales fell in China due to anti-Japan sentiment
Procter & Gamble on Tuesday said sales of its high-end SK-II skin-care brand fell 34% in the greater China region during its latest quarter — and it blamed an unlikely culprit.
China’s ban on Australian lobsters has Asean members clawing way into market
New Zealand and North America now account for more than half of all lobsters imported by China, but Indonesia and Thailand are making gains.
China landslide death toll rises to 31 after dozens buried in freezing winter temperatures
Rescuers are racing to reach at least 47 people buried in a landslide in southwestern China on Monday, according to state media.
Japan’s exports surge 10% in December on strong demand for autos, revived trade with China
Japan has reported its exports surged almost 10% in December from a year earlier, helped by a revival in trade with China and strong demand for vehicles
