Foreign investors have dumped Chinese equities and bonds at a rapid pace over the past two months, while the yuan has come under strong depreciation pressure The last time China experienced such …
FINANCE
China scrambles to outpace US GDP growth amid lockdown: Report
As China reels from its COVID-19 lockdown efforts, its leaders are scrambling to stay ahead of the United States on economic growth.
Asia wealth slump renders bank hype a little rich
Asian private banking is in danger of turning from a boon into a boondoggle. Some of the problems dragging down wealth-management earnings in the region for UBS and other Western banks may prove …
Global banks show business resilience in China amid pandemic
Global banks have shown strong business resilience and confidence in their China operations despite resurgence of the COVID-19 pandemic in the country. Credit Suisse, one of the w …
Dollar jumps on China growth fears, yen rebounds before BOJ meeting
The dollar hit a two-year high on Tuesday as concerns about slowing growth in China and expectations that the Federal Reserve will aggressively hike rates boosted demand for the greenback.
China’s CIPS: A Potential Alternative in Global Financial Order
Emily Jin, research assistant at Center for New American Security and co-author of “China’s Digital Currency: Adding Financial Data to Digital Authoritarianism” discusses CIPS in a conversation with …
China encourages financial institutions to set up fund managers
HONG KONG — China will encourage commercial banks, insurers and brokerages to establish fund management firms in order to speed up the development of a funds industry, the securities regulator said on …
Share markets, Investors alarmed by the epidemic situation in Shanghai, Beijing
Share markets, Investors alarmed by the epidemic situation in Shanghai, Beijing Markets reacted negatively to the latest rapid COVID flare-up in China amid fears of additional lockdowns and reduced …
China lowers banks’ FX reserve ratio to 8% from 9% to stabilize yuan
China is cutting its foreign exchange reserve requirement ratio by 100 basis points to 8 percent from May 15. China’s central bank on Monday said the cut is aimed at stabilizing the yuan and releasing…
Dollar near two year-peak on China COVID fears, Fed hike bets
The dollar held near a two-year peak on Tuesday as concerns about the economic impact of China’s COVID-19 lockdowns held up the greenback’s safe-haven appeal and aggressive U.S. interest rate hike …
China’s central bank to promote steady, healthy development of financial market
China’s central bank will promote the steady and healthy development of the financial market and foster a sound monetary and financial environment. The People’s Bank of China made the remarks Tuesday …
Sri Lanka begins talks with China on refinancing debt
Sri Lanka has begun discussions with China about refinancing its debt, a cabinet spokesman said on Tuesday, as Colombo struggles with its worst financial crisis in decades.
Copper to Iron Ore Rebound as China Vows to Support Economy
Industrial metals from copper to iron ore recouped some of Monday’s losses after China pledged more support to help revive an economy that’s been imperiled by an escalating virus outbreak.Most Read fr …
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