Premier Li Keqiang has warned of the “new potential risks” that China’s record level of new loans in January could bring to the financial system. The People’s Bank of China (PBOC), China’s central ban… (…
FINANCE
U.S. Push for Stable Yuan May Unwind China’s Move Toward Markets
“It goes against the grain of where China wants to go on monetary policy,” said Mark Sobel, a former U.S. executive director at the IMF and longtime Treasury official who is now a chairman at…
Exclusive: China central bank sees benchmark rate cut as last resort, may use other tools – sources
LOST IN TRANSMISSION? While the PBOC has been pushing a lot of funds into the financial system, the money has not been flowing smoothly to companies, particularly private firms which account for over … (…
China central bank sees benchmark rate cut as last resort, may use other tools: sources
BEIJING (Reuters) – China’s central bank is not yet ready to cut benchmark interest rates to spur the slowing economy, despite cooling inflation and a stronger yuan, which have fanned market expectati… ( read original…
China won’t change prudent monetary policy: Premier Li
The government has been rolling out measures, such as cutting banks’ reserve requirement ratio (RRR) to ensure that there is ample liquidity in the financial system. China slashed RRR by 100 basis poi… ( read…
China may be on the cusp of introducing ‘more aggressive’ stimulus measures, economists say
But Gavin Parry, CEO of financial services company Parry Global Group, says he thinks the People’s Bank of China is “about to turn an inflection point,” and could introduce more stimulus to the econom… (…
Philippines warns of China threat after US nuclear pact exit
Delfin Lorenzana’s remarks to the Financial Times mark the most explicit warning yet … how to balance their alliances with the US against relations with a rising China. For American allies such as J… (…
Report: Bank of China Joins New Blockchain Platform for Property Buyers
Property development firm New World Development and the Hong Kong Applied Science and Technology Research Institute (ASTRI) will jointly launch a blockchain platform for home buyers with the Bank … ( read original story …)
China reportedly halts applications for new game licenses
according to a Financial Times’ report published on Wednesday. Central regulators reportedly haven’t accepted applications since September. This comes after China in August halted the approval of new … ( read original story …)
U.S.-China trade hopes extend equity surge; central banks supportive
Deutsche Bank’s chief strategist Jim Reid said the newsflow was encouraging … after Bloomberg reported on Tuesday that the United States was seeking to secure a pledge from China that it will not de… (…
PBOC Makes First Use of New Tool Aimed at Boosting Bank Capital
(Bloomberg) — China’s central bank announced the first of a new kind of market operation which aims to encourage financial institutions to issue perpetual bonds to boost their capital. The People’s B… ( read original…
Significant boost imminent for financial ties in key region
A new connection mechanism for wealth management product investment across financial markets in Guangdong, Hong Kong and Macao will be launched later, which is the subject of a study being led by the … (…
Wirecard and Tirol Werbung Launch Joint China Pay Initiative
ASCHHEIM, Germany, Feb. 20, 2019 /CNW/ — Wirecard, the global innovation leader for digital financial technology, and Tirol Werbung, the tourism organization of the Austrian state of Tyrol, are launc… ( read original story …)
