BEIJING: China’s central bank pumped cash into the money market in July to meet liquidity demand from financial institutions. A total of 100 billion yuan (about $15.47 billion) was injected into the …
FINANCE
Why China’s rise to financial dominance is inevitable
The great powers in history have tended to have one thing in common – size matters. While a large market does not guarantee dominance in other realms, it certainly helps, perhaps more than any other…
GT Voice: Overseas investors’ enthusiasm highlights China’s financial appeal
Overseas investors are taking advantage of the A-share volatility to buy up Chinese stocks. The northbound trading through the Shanghai-Hong Kong and Shenzhen-Hong Kong stock connects on Tuesday saw a …
China vows to crack down on high-risk banks as economy’s post-coronavirus rebound slows
Chinese regulators say they will “spare no effort” as part of a clamp down on high-risk financial institutions, including using targeted anti-corruption investigations, amid a flush of liquidity …
HSBC may be the most exposed bank if China imposes anti-sanction laws on Hong Kong
Ronald Wan of Partners Financial Holdings says financial institutions in Hong Kong generally will be in a “sensitive position” if China imposes anti-foreign sanctions law on Hong Kong. But, he says …
BSP cites China Bank for strong support
China Banking Corporation has been named by the Bangko Sentral ng Pilipinas (BSP) as an outstanding stakeholder. This is in recognition of the Bank’s strong support for the BSP’s programs and …
Foreigners Buying China Stocks After Tech, Education Selloff
Overseas investors have loaded up on Chinese stocks by the longest stretch since late April, following a rout last week that pushed the country’s benchmark index to its lowest in almost nine …
As headwinds rise, China seen quickening fiscal support to protect growth
China is poised to quicken spending on infrastructure projects while the central bank supports with modest easing steps, as risks from the Delta variant and floods threaten to slow its recovery, …
HSBC would probably want to develop its digital banking strategy going forward, analyst says
Hao Hong from the Bank of Communications International says HSBC would have to focus on strengthening its digital banking, especially in China, as the fintech sector faces increased competition from …
China’s yuan slips as domestic coronavirus cases rise
China’s yuan weakened on Tuesday as a surge of coronavirus cases of the Delta variant in the country prompted tough measures including mass testing, fuelling worries over the potential economic impact …
Oil Drops Again as Delta’s Spread Across China Threatens Demand
Oil fell for a second day as investors weighed the risk to consumption posed by the spread of the delta coronavirus variant, including in the key market of China, where officials are battling an …
Oil drops again across China due to the Delta variant
Oil fell for a second day as investors weighed the risk to consumption posed by the spread of the delta coronavirus variant, including in the key market of China, where officials are battling an …
China Traders Add to Easing Bets as Economic Prospects Dim
Listening to the chatter among China traders, the central bank is moving ever closer to another round of easing.Investors are boosting wagers on lower borrowing costs in both the rates and derivatives …
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