(Bloomberg) — The People’s Bank of China sold 20 billion yuan ($2.9 billion) of bills in its first issuance in Hong Kong Wednesday, a move that could reduce the offshore yuan’s liquidity and support ……
FINANCE
Central bank governor promises stronger support for private sector
China’s central bank governor on Tuesday pledged an array of policies to widen financing channels for the private sector. “There is a lot of water in the monetary ‘pool’ but we need to channel the…
Hong Kong’s central bank should work as hard as the city’s tycoons in their chase for financial returns
For Hong Kong’s de facto central bank, the draw of China is proving too tempting to resist. The Hong Kong Monetary Authority (HKMA) has for a decade diversified beyond traditional bond and equity inve… (…
Bank adviser: Fiscal policies have bigger role to play
A view of the People’s Bank of China. [Photo/VCG] Fiscal policies, particularly value-added tax cuts, will play a greater role in supporting the economy compared to monetary tools as China needs to st… ( read…
China’s financial bailout promotes the survival of the fittest, leaving weak borrowers to fend for themselves
The Chinese government initiatives introduced recently are designed to help smaller, private companies that are commercially sound weather short-term liquidity problems, but will not do much to help w… ( read original story …)
China unveils stealth combat drone in development
ZHUHAI, China — A Chinese state-owned company says it is developing a stealth combat drone in the latest sign of the country’s growing aerospace prowess. The CH-7 unmanned aerial vehicle also undersco… ( read original…
China Says It Will Cut Maximum Length of Stock Trading Halts
The China Securities Regulatory Commission made the announcement on its website late Tuesday. Under existing rules, companies can suspend their shares for as long as three months for “major asset rest… ( read original story…
China can no longer be counted on for EM growth
South Korea isn’t the only Asian economy that is exposed: Taiwan, Singapore, Malaysia and the Philippines have all benefited from the rise of China as a manufacturing powerhouse, especially since the … ( read original…
Heads of World Bank, IMF say risks of trade tensions growing
BEIJING — Leaders of the World Bank, International Monetary Fund and other global financial organizations warned Tuesday that trade tensions pose a growing risk for emerging economies. With the U.S. … ( read original story…
Newsflash: China’s Central Bank Slams Blockchain Investment ‘Bubble’
China’s central bank has called on the government to strengthen supervision into ‘speculative’ financing and investments in the blockchain sector. The Research Bureau of the People’s Bank … ( read original story …)
China central bank official says yuan internationalisation is market-driven
SHANGHAI (Reuters) – Internationalisation of China’s yuan is market-driven, a monetary policy official of China’s central bank said Tuesday, in a speech originally prepared for the central bank’s depu… ( read original story …)
China Top Bond House Sees Private Firms’ Funding Woes Easing
China is shifting from derisking the financial system to also supporting the real economy, said Liu Donghai, general manager of investment banking and asset management department of Bank of China Ltd. … ( read original…
Beijing now able to flag Weibo posts as ‘rumour’
Sina Weibo, China’s top microblogging platform, has given the Chinese government the ability to directly flag posts as “rumour”, in the latest sign of how Beijing is policing online content. “Media an… ( read original…
