Shares sank on Monday on growing concerns that lockdowns in China aimed at fighting a worsening Covid-19 outbreak could threaten the East Asian country’s …
FINANCE
China’s central bank allows lenders to ease struggling developers’ financing: Bloomberg
In a broader effort to support the struggling property market, the People’s Bank of China last week had allowed lenders to loosen standards on some loans for distressed …
China’s Global Image Under Strain as Sri Lanka Faces Debt Trap
Faced with a grave financial crisis, Sri Lanka sought urgent assistance from China amounting to $2.5 billion. Chinese authorities responded Friday, weeks after Sri Lanka made the request for financial …
Dip Buyers Bail on China Tech ETF as Faith in Rebound Wanes
Dip buyers have gone AWOL during the latest slide in Chinese tech stocks. Most Read from Bloomberg‘Weak Sauce’: Elon Musk’s 2018 Feud With Saudi Fund RevealedAnger in Japan as Ukraine Links Emperor …
Investors Fear Beijing Lockdown After Testing
Asian markets followed the US’ steep Friday sell-off lower as all markets closed down except for the Philippines, which gained +0.32%, and Australia, which was closed.
Beijing seeks to halt the yuan’s slide as China’s currency hits a 17-month low against the dollar
Beijing is lowering the required ratio of foreign-currency holdings for Chinese banks as it tries to curb a plunging yuan.
China Lowers Banks’ FX Reserve Ratio to Curb Yuan Weakness
China moved to limit the drop in the yuan by cutting the amount of money that banks need to have in reserve for their foreign currency holdings.Most Read from BloombergNew Texts Shed Light on Elon…
China’s First Ever Private Pension Scheme – What You Need to Know
Beijing has announced a new private pension scheme to better serve the rapidly aging society, opening up new opportunities in the China pension market.
A major hedge fund in China that cut its domestic stock exposure to zero expects returns to be worse than in 2008
Shanghai Banxia said COVID, Ukraine, and Federal Reserve rate hikes would make this year harder for fund managers to get returns than 2008.
China Lockdown Amps Up Inflation Scare for Global Markets
The inflation scare that’s dominated much of the investment backdrop this year keeps finding new ways to send shockwaves through markets.Most Read from BloombergUkraine Latest: U.S. Vows to Step Up …
China to cut forex deposit reserve requirement in ‘clear signal to stabilise yuan’
The People’s Bank of China (PBOC) said on Monday that it will cut the amount of foreign exchange deposits banks have to set aside by one percentage point to 8 per cent from May 15.
Xi’s finance crackdown grows as over 40 officials ensnared
President Xi Jinping’s corruption crackdown on the nation’s sprawling financial sector is accelerating, reaching the upper levels at some of China’s premier institutions and further unnerving …
Bank of China issues overseas green bonds equivalent to 2.05 bln USD
A new-energy autopilot shuttle bus participates in a trial run near the venue of the Boao Forum for Asia (BFA) in Boao, south China’s Hainan Province, April 16, 2022. (Xinhua) BEIJING, April 25 …
