Chinese President Xi Jinping has warned German Chancellor Olaf Scholz against protectionist economic measures during a meeting at the State Guest House in Beijing. Germany and China depended on …
FINANCE
Fitch cuts outlook for China’s state-owned banks from stable to negative citing Beijing’s limited capacity to support them
The move by Fitch Ratings comes a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the world’s second largest economy and concerns over Beijing’s capacity to support its…
China urges banking, financial institutions to boost support for manufacturing
China’s regulators today urged banking and financial institutions to have separate credit plans for the manufacturing sector, according to a
China Calls for More Financial Support for Manufacturing Sector
Chinese regulators have urged the nation’s financial institutions to step up financial support for the manufacturing sector, a move that comes amid …
China’s yuan bounces from 5-month low on state bank support, upbeat Q1 data
BEIJING/SHANGHAI: China’s yuan briefly hit a five-month low against the dollar before recouping some of the losses on Tuesday, as upbeat first-quarter economic data and state bank support offset a weakened official midpoint fixing.
Philippines-China Tensions Hitting Peso, Central Bank Chief Says
Tensions between the Philippines and China over competing maritime claims have added to pressures on the peso that has slumped to a seven-month low, and “an escalation would be a big concern” for investors,
China Bank Savings posts record net profit in 2023
CHINA BANK Savings (CBS), the thrift arm of listed China Banking Corp. (China Bank), booked a record net income in 2023, it said on Monday. CBS’ net profit rose by 17% year on year to…
China’s Small-Cap Stocks Extend Rout on Tighter Market Oversight
A selloff in Chinese small-cap stocks extended Tuesday as tighter market oversight pledged by the cabinet sparked fears over the delisting of those with weak financial health.
China’s Central Bank Holds Key Policy Rates, Drains Liquidity From Banking Sector
China’s central bank kept key policy rates steady on Monday, suggesting that benchmark loan rates could remain on hold later this month.
Beijing’s call for ‘new mindset’ in Hong Kong shows city leaders must step up, analysts say
Xia Baolong, director of the State Council’s Hong Kong and Macau Affairs Office, urged city to adopt ‘new mindset’ and rely on more than its traditional advantages Analysts say call signals central …
China economy seen slowing in Q1 on housing, consumer woes
China’s economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity.
China central bank says it will improve risk monitoring
China’s central bank will improve the mechanism for identifying systemic risks and improve risk monitoring and assessment systems, the bank said on Monday. In a statement about financial stability published on its website, the People’s…
China economy seen slowing in first quarter on housing, consumer woes
China’s economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity.And observers …