World shares were mixed Wednesday after China pledged more spending to energize its economy. Benchmarks fell in Paris, Frankfurt, Sydney and Seoul but rose in London, Tokyo and Hong Kong. U.S. futures were mixed and…
FINANCE
Green finance: Deutsche Bank eyes tie-ups with Chinese peers to drive deals meeting Europe’s tough climate standards
Deutsche Bank, one of two European banks allowed to tap the Chinese central bank’s green finance funding pool, is seeking to form partnerships with institutions in China to drive transactions that meet European climate standards.
China’s finance ministry issues 16 bln yuan of treasury bonds in Hong Kong
BEIJING, Oct. 25 (Xinhua) — China’s Ministry of Finance issued yuan-denominated treasury bonds worth a total of 16 billion yuan (about 2.23 billion U.S. dollars) in the Hong Kong Special Administrative Region on Wednesday.
China’s raising national debt ratio to 3.8% of GDP is reasonable, risk manageable: senior finance official
Chinese government’s latest decision to raise national debt ratio to 3.8 percent of its yearly GDP by issuing an additional one trillion in treasury bonds is needed to help build up water conservancy and other…
China announces the removal of defense minister missing for almost 2 months with little explanation
China has replaced Defense Minister Gen. Li Shangfu, who has been out of public view for almost two months, state media reported Tuesday. No further information was given.
China conducts central bank bills swap Wednesday
BEIJING — The People’s Bank of China, China’s central bank, conducted a central bank bills swap (CBS) operation on Wednesday to improve the liquidity of perpetual bonds. The three-month CBS, valued …
China’s ‘One Card’ System: A Game-changer for Healthcare Financing
In the quest to enhance China’s healthcare financing, a pivotal system adjustment is on the horizon. The two-phase ‘One card’ system, specifically designed to expedite the disbursement of funds to …
China’s new bonds to help economic recovery, official says, as budget deficit rises
China’s new sovereign bonds will help bolster the economic recovery, China’s vice finance minister Zhu Zhongming said on Wednesday, as the government’s stepped-up fiscal stimulus sharply raises its …
Why China’s 1 trillion yuan debt plan isn’t necessarily such a big deal
“With the new finance minister and PBoC governor in place, fiscal policy execution will likely become more effective ahead, and fiscal-monetary policy coordination could also improve,” Xiangrong Yu, …
China’s measures to shore up a shaky economic recovery
China has rolled out a slew of policy measures in recent months to revive a stumbling economy after its post-pandemic recovery fell away quickly.
China now removes Finance, Science and Technology ministers
China has now sacked its Finance and Science and Technology ministers after the country sacked its Defence Minister, who was not seen in public for nearly two months.
Wall Street, global financial institutions upgrade China’s 2023 economic forecasts
Global financial institutions, including JP Morgan, Citigroup and UBS, raised their 2023 growth forecasts for China after the country’s economy expanded at a …
Stocks lifted by China spending plan, oil down on Israel hope
Most markets rose Wednesday after China unveiled plans for $137 billion in extra debt to boost infrastructure spending, while oil extended losses on hopes Israel will scale back its plans for a Gaza …
