China’s overnight borrowing costs slumped as the central bank continued to add cash to a banking system strained by tax payments, local-government debt issuance and fading monetary easing hopes.
FINANCE
HSBC Upgrades China Stocks to Overweight in Rebuff to Bears
HSBC Holdings Plc analysts upgraded their call on Chinese stocks to overweight, saying investors had become too bearish on a market that now offers value in real estate, industrials, healthcare and …
China Plans Limits on Coal Prices in Fix for Energy Crisis
China is considering setting new limits on movements in coal prices that could help ease the nation’s energy crisis, though would threaten to curb profits in the sector.Most Read from BloombergCities’ …
China coking coal futures fluctuate wildly on market intervention fears
Dalian coking coal and coke futures moved in and out of positive territory on Tuesday, mirroring market unease over regulatory intervention in China to tame surging prices of coal in particular.The …
HSBC rides out China property storm with 74% profit jump, $2 billion buyback
HSBC shrugged off concerns about pandemic-related bad loans and property problems in China on Monday with a surprise 74% quarterly profit jump and a $2 billion share buyback. The British bank’s profit …
Beijing’s Two Zones Boost Opening Up, Heralding a Better Future
Beijing has been strengthening its opening up process by working on the creation of a new national-level zone for the services sector and a pilot free-trade zone, having completed most of the tasks …
China Plans New Limits on Coal Prices in Fix for Energy Crisis
China is considering setting new limits on movements in coal prices that could help ease the nation’s energy crisis, though would threaten to curb profits in the sector.Most Read from BloombergCities’ …
China Supply Chain Risk Gives Little-Known Indian Stocks a Boost
China’s darkening supply-chain clouds have brought a silver lining to some lesser-known Indian stocks, in particular those which stand to benefit from expanding global supplier lists as well as the …
Beijing presses McDonald’s to support digital yuan in time for Winter Olympics
China is pressing the fast-food retail chain McDonalds, Visa, and Nike to support the digital yuan in time for the Beijing Winter Olympics in February 2022. A large number of McDonalds restaurants in …
China’s central bank conducts 200 bln yuan of reverse repos
China central bank Monday injected 200 billion yuan about 313 billion US dollars into the financial system via reverse repos …
Nomination hearing to be held for Reta Lewis to lead Export-Import Bank
The U.S. Senate Banking Committee will today hold a nomination hearing for Reta Jo Lewis to lead the US Export-Import …
Global financial crash warning: China fears debt default after poor firm management
FINANCIAL crash fears are high after China admitted concern over the ability of some companies in the state to make debt repayments.
Former GE CEO Immelt is still bullish on China and telling CEOs not to pull back
Jeff Immelt, GE’s former CEO, advises business leaders to stay the course with China for two important reasons.
