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FINANCE
China’s central bank calls cryptocurrency-tied deals illegal, bitcoin drops 4.5%: report
The People’s Bank of China on Friday called cryptocurrency-tied deals in the country illegal, sending bitcoin shares about 4.5% percent lower, according to a report.
China injects $71bn into banking system amid Evergrande crisis
The People’s Bank of China has injected a net 460 billion yuan ($71bn) of short-term cash into the banking system in the past five working days, including 70bn yuan on Friday. That’s helping ensure …
China’s Central Bank Pushes Reform of Emergency Liquidity Tool
China’s central bank will push to reform its emergency-funding facility to make it easier for banks to access cash, a move that could help smooth out the volatility in money market rates.
China Adds $71 Billion in Liquidity in Past Week to Calm Nerves
China’s central bank continued to pump liquidity into the financial system on Friday as policy makers sought to avoid contagion stemming from China Evergrande Group spreading to domestic markets.Most …
China’s Casino Crackdown Part of Quest to Transform Macau
To many investors, Macau’s push to extend oversight over the world’s largest gambling hub came as a shock, triggering a record selloff in casino shares. To long-term observers, however, it was just …
Asian Stock Markets Jittery as China Woes Sap Confidence
Asian shares were on edge on Friday hurt by persistent uncertainty around the fate of debt-ridden China Evergrande, even as more risk appetite drove gains for Wall Street and U.S. benchmark Treasury …
Central bank to promote reform of standing lending facility
China’s central bank will promote reform of the operation mode of its standing lending facility, as part of efforts to better meet reasonable liquidity needs. The reform, which is referred to as …
Using Your Excess China Funds to Make Small Low Risk Financial Trades and Increase Profitability
We discuss how businesses can utilize excess funds to make small low-risk financial investments and increase their profitability within China.
4 Things You Need to Know About China’s Potential ‘Lehman Moment’
Today’s article features the SPY & EGRNF and reveals “4 Things You Need to Know About China’s Potential ‘Lehman Moment.’” Read on to find out all the details. There are no less than nine risk…
China’s Ant Group to share credit data with central bank
Huabei, Ant Group’s credit service, said in a statement that consumer credit data it has collected will be included in the People’s Bank of China’s financial credit information database. “The …
Beijing stresses governance in banks’ risk assessment
Banking regulator changes how it assesses risks at Chinese lenders, putting more weight on corporate governance …
Evergrande Fear: China’s Central Bank Infuses Short-Term Liquidity To Avert Long-Term Damage To Financial System
Evergrande’s overall liabilities exceed $300 billion (22.5 lakh crore), and the company had suspended trading on its onshore bond on September 16, after domestic ratings cut.
