President Donald Trump signaled Wednesday that he plans to push Chinese leader Xi Jinping on US soybean purchases when they meet, as American farmers grapple with fallout from his trade wars.Trump on …
FINANCE
As Gold Keeps Setting New Highs, China Reportedly Wants to Be Its Custodian for Central Banks
Beijing is taking fresh steps to expand its role in gold as prices hit new highs and central banks hunt for alternatives to U.S. Treasurys for their reserves.
China’s push for loans to small firms leaves banks exposed to credit shocks
“There is structural pressure from the government to surrender profits to support the real economy. There have been earnings concessions with fee cuts, as the banks are encouraged to lend to small …
China’s Iron Ore Shockwave: BHP Faces Sudden Supply Freeze
Beijing’s state-run buyer halts new BHP cargoes, roiling markets and signaling a potential power shift in global iron ore trade.
Beijing Enterprises Holdings Appoints New Non-Executive Directors
The latest announcement is out from Beijing Enterprises Holdings ( ($HK:0392) ). Beijing Enterprises Holdings Limited has announced the …
Argentina’s soy exports to China soar amid US bailout, fuelling tensions in Trump camp
Argentina’s soybean export orders surged to a seven-year high this month as Chinese importers bought millions of tonnes of the staple crop during a brief suspension of export taxes, securing more than …
China unveils $70 billion of financing tools to bolster investment
China will deploy policy-based financial tools to the value of 500 billion yuan ($70.25 billion) to accelerate investment projects, the state’s planner said on Monday, as part of efforts to support …
China reaffirms ‘moderately loose’ monetary policy path
China’s central bank has said it will continue pursuing a “moderately loose” monetary policy to support the country’s economic recovery, while flagging the risks posed by global fragmentation …
China’s stockmarket rally may hurt the economy
On September 24th last year China’s officials decided to engineer a rally in the moribund stockmarket. The central bank, flanked by financial regulators, cut interest rates and bank reserve …
Opinion: To Secure Its Banks, Beijing Must Fix Its Economy
As China’s 14th Five-Year Plan (2021–2025) draws to a close, Beijing is taking a victory lap. At a recent press conference held by the State Council Information Office, senior financial officials …
Banking & Finance Guide 2025: China
The People’s Bank of China (PBoC) is the central bank and primary authority for monetary policy and financial market infrastructure. The National Financial Regulatory Administration (NFRA), which …
China’s Henan province merges 82 rural banks in new step to shore up financial stability
The consolidation of dozens of small banks follows a 2022 crisis in Henan, when deposit freezes triggered protests from savers.
China’s external financial assets top $1.77t
BEIJING — The external financial assets of China’s banking sector topped $1.77 trillion at the end of June this year, official data showed on Monday.
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