The People’s Bank of China, the central bank, said it will conduct this year’s eighth central bank bills swap (CBS) operation on Thursday to improve the liquidity of perpetual bonds issued by … ( read…
FINANCE
Chinese purchases in Trump trade deal fail to meet Beijing’s promises
Beijing has bought $39.3 billion through June, according to U.S. export data. Meanwhile, Chinese import figures — garnered from the country’s customs offices — show $48.5 billion of purchases. ( read original story …)
China Increases Key Purchases With U.S. Target Still Far Off
China increased its purchases of U.S. goods … The two sides have “smooth” communications on agriculture and finance in the meeting, which had “a good atmosphere,” according to Taoran … ( read original story …)
China state-owned firms’ January-July profits down 30.4% year-on-year – finance ministry
BEIJING (Reuters) – Profits at China’s state-owned firms in the January-July period fell 30.4% from a year earlier to 1.48 trillion yuan ($214.34 billion), the finance ministry said in a statement on … ( read…
China Fires Missiles Into Disputed Sea; U.S. Sanctions
China tensions over the South China Sea escalated on Wednesday with Beijing firing four missiles into the disputed waterway and the Trump administration strengthening action against companies that … ( read original story …)
Trump’s Pick for Latin Bank Wants to Counter China Influence
A senior adviser to U.S. President Donald Trump said he would build the Inter-American Development Bank into a financial heavyweight to counter China’s influence in the Western Hemisphere should he … ( read original story…
Mike Pompeo renews attack on HSBC as bank walks line between US and China
The Trump administration is waging an escalating campaign against China, which the US has censured over trade, coronavirus and spying claims amid renewed tensions in the South China Sea. Mr Pompeo has … ( read…
The Finance 202: Trump allies tout breakthrough trade deals. The gains have been modest at best.
Jason Joyce, an eighth-generation Maine lobsterman, told the Republican National Convention on Tuesday that President Trump has “followed through on his promises,” and if he is reelected, “fishing … ( read original story …)
Trump Candidate for Latin Bank Wants to Counter China Influence
A senior adviser to U.S. President Donald Trump said he would build the Inter-American Development Bank into a financial heavyweight to counter China’s influence in the Western Hemisphere should he … ( read original story…
China’s STAR Board Defies Financial Gravity in a Hot Market
Shares listed on the mainland’s year-old Nasdaq-style technology board are trading at huge premiums to near-identical stocks in Hong Kong. ( read original story …)
China’s central bank injects liquidity into market via reverse repos
China’s central bank Wednesday pumped cash into the banking system via reverse repos to maintain liquidity. The People’s Bank of China injected 200 billion yuan (about 28.9 billion U.S. dollars) into … ( read original…
China state-owned firms’ Jan-July profits down 30.4% y/y – finance ministry
July period fell 30.4% from a year earlier to 1.48 trillion yuan ($214.34 billion), the finance ministry said in a statement on Wednesday. ( read original story …)
Central bank plans more rate reforms to cut borrowing costs
The People’s Bank of China, the central bank, said on Tuesday that it would continue to use interest rate reforms to further lower the borrowing costs for companies and clarified that despite … ( read…
