German Chancellor Angela Merkel called for a swift deal to pull the European Union out of its worst recession since World War II. Germany’s infection rate fell, while the number of new cases remains ……
FINANCE
China committed to maintaining Hong Kong’s status as an international financial hub, Vice-Premier Liu He says
Premier Liu He said on Thursday that Beijing is committed to maintaining Hong Kong’s status as an international financial hub.In a rare statement by a senior Chinese leader on Hong Kong’s affairs, Liu … (…
JPMorgan Gets China’s Nod for First Fully Foreign-Owned Futures Business
The latest regulatory approval for a U.S. financial services company coincides with tension between Beijing and Washington, increased by the COVID-19 pandemic and China’s move to impose security … ( read original story …)
Coronavirus: China calls on banks to give up US$212 billion in profits to finance cheap business lending
China has urged banks to surrender 1.5 trillion yuan (US$212 billion) in profits this year to help businesses weather the impact of the coronavirus. ( read original story …)
China stocks end higher as Beijing pledges reforms, liquidity
China stocks ended firmer on Thursday, as policymakers assured investors that the economy is gradually recovering from the coronavirus crisis, while pledging more reforms and liquidity to bolster … ( read original story …)
Beijing Curbs Travel; German Rate Lowest in a Week: Virus Update
Beijing’s growing outbreak is posing a new test for Chinese President Xi Jinping. Cases in the city exceeded 150 in the country’s worst flare-up since Wuhan. ( read original story …)
China Central Bank to Keep Liquidity Ample, Weigh Policy Exit Strategy
China will keep liquidity ample in the second half of the year, but it should consider in advance the timely withdrawal of policy measures aimed at countering the effects of the COVID-19 pandemic, the ……
China Pledges Faster Credit Growth as Economy Faces Virus Return
China’s central bank wants the total flow of credit to rise by almost a fifth this year, as part of efforts to push the economy out of the coronavirus-induced slump.That’s to be achieved through ……
China stocks firm as Beijing pledges reforms, liquidity
China stocks firmed on Thursday as policymakers assured investors that the economy is gradually recovering from the coronavirus crisis, while pledging more reforms and liquidity to bolster capital … ( read original story …)
Beijing Tightens Travel; U.K.’s Borrowing Spree: Virus Update
Beijing’s growing outbreak is posing a new test for Chinese President Xi Jinping. Outbreak in the city exceeded 150 in China’s worst flare-up since Wuhan.Japan is set to lift travel curbs Friday.Presi … ( read…
Beijing returns to coronavirus lockdowns, shut schools
With her 10-year-old son back in school for a week and having finished a busy period at work, finance executive Wang Ying was looking forward to having some time off on vacation.. Read more at…
China Signals Further Reserve Ratio Cut to Spur Bank Lending
China’s cabinet signaled that the central bank will act to make more liquidity available to banks so they can lend more, including by cutting the amount of money they have to keep in reserve. (…
China c.bank cuts 14-day reverse repo rate, injects net 40 bln yuan
China’s central bank on Thursday cut the rate on 14-day reverse repurchase agreements, as it resumed the use of the liquidity tool for the first time since February. ( read original story …)
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