Chinese investors unleashed a financial tempest that surged across the Pacific, divesting a record $5.1 billion in US stocks and bonds. This marked the highest monthly sell-off by Chinese investors in …
FINANCE
China’s banking institutions register growth in total assets
BEIJING, Oct. 21 (Xinhua) — China’s banking financial institutions saw an increase in total assets, data from the National Financial Regulatory Administration showed. The total assets of these …
China’s economic ‘risks will intensify’ in 2024, with EVs, property market, local government debts clouding prospects
China is on course to hit its ‘around 5 per cent’ economic growth target for 2023, but many institutions have cut their 2024 forecasts to 4.4 per cent or lower Beijing urged not to set…
Bank of Russia approves opening two Alfa Bank branches in China
Earlier, the Board of Directors of Alfa Bank decided to open two branches in China, one in Beijing and one in Shanghai MOSCOW, October 20. /TASS/. The Bank of Russia approved the opening two Alfa…
China signs yuan-denominated loans for Belt and Road Initiative, accelerating de-dollarization
Beijing’s yuan lending spree comes after most of its prior Belt and Road Initiative loans were denominated in US dollars.
China’s bank assets surge
Assets of China’s banking institutions surged 9.5 percent year-on-year to reach 409.8 trillion yuan ($56.01 trillion) as of the end of September, the National Financial Regulatory Administration said …
China’s Belt And Road Rescue Lending Soars [Infographic]
China’s development loans have less favorable conditions than those of other available sources, for example the IMF, the World Bank or Paris Club countries. This includes higher interest rates and …
China’s commercial banks saw a net forex settlement deficit of 96.4 billion yuan (about 13.43 billion U.S. dollars) in September.
In the bustling epicenter of global finance, a new saga is unfolding. China’s commercial banks, the backbone of the world’s second-largest economy, are grappling with a net foreign exchange (forex) …
China’s Sell-off of US Treasury Bonds: A Shift on the Global Financial Chessboard
In the global game of chess that is international finance, a significant move has been made. The Chinese government, in a move that carries weighty implications, has been offloading US Treasury bonds …
China Injects Most Short-Term Cash Into Banking System on Record
China pumped the most liquidity into its financial system via short-term policy loans on record, a sign policymakers are likely to keep interest rates low to bolster a nascent economic recovery.Most …
China leaves benchmark lending rates unchanged as expected
China kept its benchmark lending rates unchanged at the monthly fixing on Friday, matching market expectations, as a set of economic data suggested the economy is stabilising and a weaker yuan …
China Holds Benchmark Lending Rates Steady
China held its loan prime rates steady, as expected after the country’s central bank kept its policy rates unchanged earlier this month.
How Elon Musk’s China challenges may cost Tesla its next $800 billion in market cap
China’s market needs and demands cheaper EV options, as it’s a country where the average urban worker earns less than $10,000 annually. Tesla’s market share in China has accordingly shrunk from 15% to 10% between…
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