The People’s Bank of China, the central bank, said it would conduct this year’s 11th central bank bills swap (CBS) operation on Friday to improve the liquidity of perpetual bonds issued by commercial … (…
FINANCE
Stocks to Watch: M&M, Indiabulls Housing Finance, FMCG, auto shares
SBI chairman Dinesh Kumar Khara has said he expects the Indian economy to have shrunk 8-9% in Jul-Sep, less than the 23.9% contraction seen in June quarter. The GDP data for the September quarter is…
Singapore Pushes Digibanks in Face of China, U.S. Crackdown
Singapore’s financial regulator will stick with its plans to award digital banking licenses by the end of the year, undeterred by tightening scrutiny in China and the U.S. that’s hitting major Chinese … ( read…
China Braces for More Defaults Among State Firms in 2021 — That Could Be a Good Thing
Fitch Ratings said the number of defaults among Chinese state-owned enterprises could “rise marginally” in 2021 as funding conditions tighten. ( read original story …)
How AI and big data helped China’s tech giants dominate consumer finance
The aim is to build a much more accurate picture of a user’s credit profile by using a range of online data as opposed to traditional credit scoring. ( read original story …)
China’s Financial Industry Firms Redo Plans, Funding In Wake Of More Oversight
New rules would require online lending companies like Ant to provide 30 percent of funding for loans, and firms would be banned from operating outside provincial bases without approval from a watchdog … ( read…
Joe Biden cabinet: US Treasury Secretary pick Janet Yellen faces huge challenge to reconcile China trade policy, support American economy
Janet Yellen will step into a difficult role as US Treasury Secretary, facing the immediate need to support a domestic economy at risk of slowing significantly due to the latest surge in the … (…
China’s central bank says it will make monetary policy more flexible, targeted
China will keep the macro-leverage ratio basically stable, and improve the bond default risk prevention and disposal mechanism, the People’s Bank of China said … ( read original story …)
UPDATE 1-China will make monetary policy more flexible, targeted – c.bank
China’s central bank said on Thursday it will make prudent monetary policy more flexible and targeted, and reiterated it will not resort to flood-like stimulus. ( read original story …)
China will make monetary policy more flexible, targeted – c.bank
BEIJING, Nov 26 (Reuters) – China’s central bank said on Thursday it will make prudent monetary policy more flexible and targeted, and reiterated it will resort to flood-like stimulus. China will keep … ( read…
China shares end higher as financials lead rebound
* Shanghai stocks +0.22%, blue-chip CSI300 index +0.18% * Stocks turn higher in afternoon session, financials lead * NEV firms continue to slump on government probe into projects SHANGHAI, Nov … ( read original story…
China’s short-term rates sink as rumours swirl of government support
Chinese government-backed entities may be stepping in to relieve investor anxiety following a string of high-profile bond defaults, traders and investors say, sending short-term borrowing costs … ( read original story …)
Property firm China Overseas Land & Investment shrugs aside Beijing funding curbs to acquire Zhuhai plot for record US$1.6 billion
Property developer China Overseas Land & Investment (Coli) has shrugged aside tightening government curbs on financing to acquire a residential and commercial plot in Zhuhai for the record sum of 10.5 … ( read original…
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