China’s central bank injected more than $120 billion yuan into the country’s banking system on Monday in a move to soothe rattled nerves after a series of debt shocks involving state-owned enterprises … ( read…
FINANCE
Bank of England Leak, Biden’s Plan, China Rebounds: Eco Day
Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the week. ( read original story …)
China’s consumer spending picks up in October
Retail sales in the world’s second-largest economy rose 4.3 percent on-year last month, Beijing’s National Bureau of Statistics (NBS) said Monday. ( read original story …)
China’s Factory Output Beats Forecasts as Asia Shakes off COVID Slump
BEIJING (Reuters) – China’s factory output rose faster-than-expected in October and retail sales continued to recover albeit at a slower-than-forecast pace, as the world’s second-largest economy … ( read original story …)
China c.bank injects 800 bln yuan of medium-term loans, rate unchanged for 7th month
China’s central bank on Monday injected 800 billion yuan ($121 billion) in medium-term loans into the banking system and kept borrowing costs unchanged for the seventh straight month. ( read original story …)
China commercial lenders told to safeguard asset quality
Commercial lenders must increase their loan loss provisions in advance and dispose of more non-performing loans to prevent further asset quality erosion due to the lingering effects of the Covid-19 … ( read original story…
Chinese Official Says Country Must Ensure Financial Innovation Maintains Fair Competition and Doesn’t Create Oligopolies
Chinese official says country must ensure financial innovation maintains fair competition and not create oligopolies. ( read original story …)
HSBC Has Big Ambitions in China. Westerners Still Dominate Its Board.
The British bank has scaled back in Europe and the U.S. and doubled down on Asia, but that isn’t reflected in its senior ranks. Just two of 14 board members are Chinese. ( read original…
Chinese banking sector’s assets up in first nine months
The total assets of China’s banking sector saw steady expansion in the first three quarters of the year, according to data from the country’s top banking and insurance regulator. By the end of … (…
Legal underpinnings of Beijing’s resolution on unseating lawmakers raises eyebrows among Hong Kong lawyers
The legality of Beijing’s unprecedented resolution allowing for the summary disqualification of four opposition Hong Kong lawmakers has raised concerns among the city’s legal community, even as the … ( read original story …)
Central Bank Warnings, RCEP At Last, U.S.-China Ties: Eco Day
Here’s the latest news and analysis from Economics to help you start the day: Central banks aren’t getting wrapped up in excitement over a Covid vaccine — instead they’re warning of more economic … (…
China’s Baoshang Bank to take $1 billion write down on bond
China’s Baoshang Bank said that it would write down the principal of a 6.5 billion yuan ($984.27 million) tier-two capital bond, nearly a year and a half after the bank’s seizure by regulators. ( read…
China’s Baoshang Bank to take $1 bln write down on bond
China’s Baoshang Bank said that it would write down the principal of a 6.5 billion yuan ($984.27 million) secondary capital bond, nearly a year and a half after the bank’s seizure by regulators. ( read…
