BEIJING (Reuters) – China will “absolutely not” fire the first shot in a trade war with the United States and will not be the first to levy tariffs, its finance ministry said on Wednesday. A…
FINANCE
‘China doesn’t need to punish itself for others’ foolish trade policies’: Wall Street warns Beijing against weakening its currency
Amid China’s currency sell-off and trade battle with the US, some analysts are drawing comparisons to 2015, when the country’s central bank allowed the yuan to drop nearly 5%. The yuan on Tuesday hit ……
China’s monetary policy loosening is a sign that the central bank is gearing up for a fight
The People’s Bank of China’s decision to cut the reserve requirement ratio by 50 basis points suggests the central bank has finally started to fine-tune monetary policy in response to growing pressure on the economy…
China’s Central Bank Faces Policy Bind Over Debt, Growth Goals
China’s central bank is caught in a bind, as it seeks to tighten monetary policy for some parts of the economy while loosening it for others. Already engaged in the mammoth task of wringing bad…
Tumbling Yuan Challenges China’s Central Bank
The yuan’s rapid slide is posing a new test for Beijing as it grapples with a looming trade war, putting the central bank under pressure to revive the kind of interventions undertaken in the past…
Asian shares battered by China turbulence as trade war anxiety heightens
Speculation was rife China’s central bank was intervening in the currency market to staunch losses and prevent a potentially destabilizing sell-off in the yuan, while stocks came off a searing sell-off in the morning. Chinese…
China’s central bank to scrap barriers in connect scheme to draw inflows to bond market
China’s central bank said on Tuesday it would remove key barriers to the bond connect scheme in the coming months, making it easier for foreign investors to buy onshore yuan-denominated bonds. The People’s Bank of…
China Verbally Props Up the Yuan as Trade and Growth Fears Spike
and pledged that yuan devaluation won’t be used as a weapon in the trade conflict with the U.S. People’s Bank of China Governor Yi Gang said China will “keep the yuan exchange rate basically stable…
Bank of America Shanghai Branch Named Market Maker for China Bond Connect
HONG KONG – Bank of America, N. A. Shanghai Branch (BANA Shanghai) announced today that it has been named a market maker for Bond Connect between mainland China and Hong Kong, and that it has…
CHINA MERCHANTS BANK CO. (600036)
China Merchants Bank Co., Ltd. engages in the provision of corporate and personal banking services.It focuses on individual and corporate businesses, credit card, and small and medium enterprises.It operates through the following business segments ……
China turbulence knocks Asian shares to nine-month low as trade war fears grow
Speculation was rife the central bank in China was intervening in the currency market to staunch losses and prevent a potentially destabilizing sell-off in the yuan. Chinese financial markets have been jittery ahead of a…
China Won’t Weaponize the Yuan in Trade War, PBOC Official Says
People’s Bank of China Governor Yi Gang said China will “keep the yuan exchange rate basically stable at reasonable and balanced level,” a repetition of standard language that helped stoke speculation that policy makers are…
China says confident of coping with major and external risks
BEIJING (Reuters) – China’s leaders are confident the country can cope with major and external risks, they said at a high-level internal financial meeting, amid financial turbulence at home and rising trade tensions with the…
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