A top Chinese lender has imposed “aggressive” repayment terms on a $200 million loan to expand Uganda’s international airport, US-based research lab AidData said Monday, criticising the bank for …
FINANCE
China to overhaul $36 trillion supply chain finance mechanism
The move will impact commercial banks, financial companies and commercial acceptance bill issuers. . Read more at straitstimes.com.
China’s monetary policy in 2022: The way forward
In 2022, China’s economy can retain its fundamentals of long-term growth and strong resilience. Yet, it will come under downward pressure at home, compounde …
China’s economy suffers blow as Beijing’s stimulus push fails to jolt construction
Recent data suggests there is no real turnaround in China’s construction industry yet, with the slow start to the year leading some economists to downgrade their growth forecasts.
Bank of China’s Singapore operation stops financing Russian oil trades: Source
This comes amid concerns of western sanctions following Russia’s invasion of Ukraine. . Read more at straitstimes.com.
China’s central bank conducts 300 bln yuan of reverse repos
China’s central bank Monday conducted 300 billion yuan (about 47.45 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the 7-day reverse repos …
China stays firm on zero-COVID as lower growth looms
Beijing remains determined to prevent the virus spreading, partly because President Xi Jinping has invested significant political capital in the strategy.
China’s Stimulus Fails to Jolt Construction in Blow to Economy
A widely-anticipated push by China’s government to boost construction in order to stabilize growth in the world’s second-largest economy has yet to materialize, a blow to hopes that Chinese stimulus …
Traders count on China’s ‘two sessions’ to reverse stock market decline as delegates set to endorse policy loosening to spur growth
Beijing will make stabilising growth the top priority at the upcoming NPC and CPPCC gatherings, investment banks predict Money managers see opportunities in property developers, household appliance …
Global Banks Lose Juicy Fees as China Junk Bond Drought Drags On
High-yield bond sales in Asia are off to their slowest start in six years as China property developers remain largely shut out of the market, dealing a blow to the top arrangers of these deals…
Bit by bit, central bank digital currencies like China’s will eat into US dollar hegemony
These CBCDs, which will soon include the Russian rouble, are likely to finance a good deal more bilateral trade, thus weakening the US dollar’s role in trade While the dollar will still carry weight …
Sanctions on Russia’s Central Bank Deal Direct Blow to Country’s Financial Strength
FRANKFURT—Targeting the reserves held by Russia’s central bank is potentially the most powerful weapon in the West’s financial arsenal, and takes aim at the heart of Russia’s financial system. It is a …
China to fund infrastructure projects for a greener world
China has invested in infrastructure projects around the world since the 1970s but a coherent policy for infrastructure investment first appeared in 2013.
