The People’s Bank of China has become “more neutral” in its outlook and wants to ensure that China will maintain its economic recovery at a steady pace, says Mansoor Mohi-uddin from the Bank of ……
FINANCE
China central bank issues 30 billion yuan of offshore bills: HKMA
China’s central bank issued 30 billion yuan ($4.3 billion) of offshore bills in Hong Kong on Thursday, according to a notice published by the Hong Kong Monetary Authority. ( read original story …)
Exclusive: China pushes First Capital merger in drive to take on Wall Street
China plans to merge domestic broker First Capital Securities with smaller rival Capital Securities, three sources said, underscoring Beijing’s determination to consolidate the brokerage … ( read original story …)
China’s initial post-lockdown recovery ‘stronger than expected’: Deutsche Bank
China is likely to see several months of rapid economic recovery before falling into a period of “very sluggish growth,” says Michael Spencer at Deutsche Bank. ( read original story …)
China’s Bond Data Hint Central Bank Is Buying Government Debt
Researchers affiliated with China’s Ministry of Finance had previously suggested the central bank should buy some government debt this year, a step which could help reduce the impact on markets as the … ( read…
China Yuchai International Ltd (CYD) Q2 2020 Earnings Call Transcript
China Yuchai International Ltd Q2 2020 Earnings Call Aug 12, 2020, 8:00 a.m. ET. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. ( read original story …)
Reform and Opening Up? A Look at China’s Financial Markets
Michael Chen, Peng Qinqin, Thomas Schaffner, and Caixin’s Li Zengxin take an in-depth look at the state of China’s financial markets and which opportunities and risks the changes present. ( read original story …)
Port Logjam in Brazil Marks China’s Return to Sugar Market
Chinese demand for sugar is finally showing signs of life after Beijing ended massive import tariffs.Brazil, the largest exporter of the sweetener, has scheduled the shipment of 816,823 metric tons to … ( read original…
Amro exits trade, commodity finance in corporate bank shake-up
ABN Amro is to end all trade and commodity financing after a string of losses, in a massive overhaul of its activities that will see the Dutch bank cut 800 jobs. ( read original story…
HSBC banking on Greater Bay Area to reverse fortunes
Yet, for all the challenges, HSBC is right to bank on China, no pun intended. Since its on-again, off-again job cuts and restructuring programme four months ago, it has kept its cards close to its…
US sanctions: economist Yu Yongding flags risk of Chinese bank assets being seized overseas
As risk of an all-out financial war between United States and China grows, heavyweight economist Yu Yongding says Beijing must prepare for worst-case scenario. ( read original story …)
Recap: China Yuchai Q2 Earnings
Shares of China Yuchai Intl (NYSE:CYD) moved lower by 0.6% after the company reported Q2 results.Quarterly Results Earnings per share were up 63.46% over the past year to $0.85, which beat the … ( read…
China Yuchai: 2Q Earnings Snapshot
China Yuchai shares have climbed nearly 2% since the beginning of the year. The stock has declined slightly more than 2% in the last 12 months. _____ This story was generated by A … (…
