BEIJING — China Development Bank said it had issued 266.9 billion yuan ($37.61 billion) in loans during the first quarter of 2024 to bolster the advancement of infrastructure projects. Funds were channeled to 102 key…
FINANCE
China Drains Cash Via MLF for Second Month Amid Yuan Concern
China withdrew cash from the banking system for a second consecutive month, signaling its caution toward monetary easing as currency depreciation pressures mount.
Financial de-risking remains key focus in future
China’s financial risks have been converging of late, but de-risking in the future will fundamentally depend on the stabilization and recovery of the economy. As the economy further improves, there …
China c.bank keeps policy rate unchanged, drains cash from banking system
The People’s Bank of China (PBOC) said it was keeping the rate on 100 billion yuan ($13.82 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged …
China Development Bank lends nearly 267 bln yuan for infrastructure development in Q1
BEIJING, April 14 (Xinhua) — China Development Bank (CDB) said it had issued 266.9 billion yuan (about 37.61 billion U.S. dollars) in loans during the first quarter of 2024 to bolster the advancement of infrastructure…
Former chairman of prominent China bank indicted for bribery and embezzlement
The former chairman of China Everbright Group, Tang Shuangning, who used to serve as a senior official at the People’s Bank of China and the China Banking Regulatory Commission, is under indictment
Niger and China sign crude oil MOU worth $400 mln, says Niger state TV
NIAMEY, April 13 (Reuters) – Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp (CNPC) worth $400 million linked to the sale of crude oil …
China’s Yuan Outpacing US Dollar in Current Performance
The rise of the yuan to claim over 42% of total currency exchanges in Russia, while the US dollar’s share has dipped to 39.5%, signals a notable departure from traditional curre …
Yellen Carried The EV Tariff Threat To Beijing
Treasury Secretary Yellen went to China to warn China off its efforts to dominate green energy products and to threaten tariffs.
Asia markets mixed ahead of trade data in China and bank earnings
Japan’s industrial output falls more than initially anticipated to 0.6% in February The yen came under pressure even after the BOJ took the first step toward normalizing policy, as Japanese rates remained at ultra-low levels,
JPMorgan Private Bank Taps Goldman’s Kui as Head of China
JPMorgan Chase & Co. named Florence Kui as head of China market for its private bank, amid broader changes to its overall leadership overseeing operations in the world’s second largest economy.
ADB increases its growth forecast for China to 4.8%
The Asian Development Bank has revised its growth forecast upwards for China to 4.8 percent in 2024, 0.3 percentage points higher than the estimate made in December. With more proactive fiscal policies in place, the…
China tightens Russia payments scrutiny, hitting electronics components, say Russian media
Russian companies are facing growing hurdles when making payments to China, two Russian news outlets reported on Friday, with one saying transactions involving electronics components were being …
