China’s central bank will ramp up its policy easing to support the coronavirus-ravaged economy but debt worries and property risks will prevent it from following the U.S. Federal Reserve’s steep rate … ( read original…
FINANCE
Mongolia’s c.bank cuts benchmark interest rate to 9% from 10%
Mongolia’s central bank has cut its benchmark interest rate to 9% from 10% and extended consumer loans by 12 months amid an uncertain environment due to the COVID-19 pandemic, which has seen 17 cases ……
ANALYSIS-To Belgrade and beyond: Beijing exports China model of virus management
Last month, six Chinese medical professionals stepped off an Air Serbia jet in Belgrade to a red-carpet welcome from President Aleksandar Vucic and an array of cabinet ministers. After elbow-bump … ( read original story…
What Is Beijing Enterprises Environment Group’s (HKG:154) P/E Ratio After Its Share Price Tanked?
To the annoyance of some shareholders, Beijing Enterprises Environment Group (HKG:154) shares are down a considerable 35% in the last month. Indeed the recent decline has arguably caused some … ( read original story …)
China’s Bank of Gansu pledges 30 bln yuan loans, report of capital injection
China’s Bank of Gansu has agreed to loan 30 billion yuan ($4.26 billion) to state firms over the next three years, after the Gansu provincial government reportedly agreed to provide a capital … ( read…
Former Citic Bank President Arrested on Corruption Charge: China Prosecutor
The top Chinese prosecutor said on Wednesday that Sun Deshun, former president of China’s Citic Bank Corp Ltd, had been arrested on a charge of corruption. ( read original story …)
Beijing offers help to tackle health crisis
Many countries benefit from Chinese expertise and medical supplies Chinese ambassador to Russia Zhang Hanhui poses with a Chinese medical team in Moscow on Saturday. REN QI / CHINA DAILY A special … ( read…
China’s Gansu Provincial Govt to Inject Capital Into Bank of Gansu: Caixin
BEIJING — China’s Gansu provincial government will inject capital into Bank of Gansu (2139.HK) with support from the central bank’s special loans, the financial news outlet Caixin reported on Friday, … ( read original story…
Asia virus latest: China imported cases rise, World Bank warning
China recorded its highest daily toll of imported virus cases, confirming 97 new infections. The World Bank said South Asia is on course for its worst economic performance in 40 years because of … (…
Australia shares end at 1-month high on China trade data
Australian shares closed at a one-month high on Tuesday, as better-than-expected data from its biggest trading partner China outweighed fears over the deepening economic impact from the coronavirus … ( read original story …)
China Central Bank Raises Stake in India’s Mortgage Lender
The People’ has raised its stake in Housing Development Finance Corp. to just over 1%. China’s central bank held about 17.5 million shares at the end of March, according to quarterly data filed by ……
China Weighs Merging Its Biggest Brokers to Take on Wall Street
China has started the process of potentially merging its two biggest brokerage firms to create a company that can better compete with the global investment banks as the country opens up its financial … (…
Hong Kong shares end higher as China trade data lifts sentiment
HSI financial sector sub-index is 0.6% higher; property sector up 1.1% April 14 (Reuters) – Hong Kong shares closed higher on Tuesday after China reported smaller-than-expected contractions in imports … ( read original story …)
