To top matters off, Hong Kong’s financial secretary, Paul Chan Mo-po, contracted Covid last week while on a trip to Saudi Arabia to drum up investment. He delivered a video addres …
FINANCE
China finance ministry brings forward 2023 transfer payment budget for domestic civil aviation
China’s finance ministry brought forward the 2023 transfer payment budget for a civil aviation development fund to support the country’s civil aviation infrastructure and some airlines, according to a …
Marketmind: Fed peak rate talk meets China curbs, grain strain
A look at the day ahead in U.S. and global markets from Mike Dolan. A potentially pivotal week for U.S. monetary policy has been given a new twist from fresh ‘terminal rate’ speculation, with …
China conducts central bank bills swap operation
The swap will be due on Jan 31, 2023, according to the statement. The CBS scheme allows dealers to swap the perpetual bonds they hold for central bank bills, which will boost market demand for…
Firms enter into joint ventures as nation opens finance market
In addition, Deutsche Bank is in talks with the wealth management unit of Postal Savings Bank of China to create a JV, Beijing-based Caixin Media reported … Zeng Gang, director of the Shanghai …
China central bank reaffirms it will step up support for real economy
China’s central bank will step up credit support for the real economy while keeping the yuan basically steady, Governor Yi Gang said in comments published on Sunday, reaffirming the bank’s existing …
China maintains rapid growth in inclusive loans in Q3
File photo shows an exterior view of the People’s Bank of China in Beijing, capital of China. (Xinhua/Peng Ziyang) BEIJING, Oct. 30 (Xinhua) — China’s inclusive finance sector maintained rapid loan …
China c.bank reaffirms it will step up support for real economy
China’s central bank will step up credit support for the real economy while keeping the yuan basically steady, Governor Yi Gang said in comments published on Sunday, reaffirming the bank’s existing …
US bank bosses keep bowing to Beijing
Cognitive dissonance is the ability to have inconsistent beliefs. It seems to go with the job of running an American financial institution. In a few days, the c …
China: 5 Questions
China is taking measures to support its property market, so declines are likely to ease—and even if they don’t, we’re not looking at a subprime crisis.
‘China’s zero-COVID approach is, simply put, a mistake,’ says UNC-CH finance expert
As the world navigates financial and geopolitical turbulence, one key question is how China will fare amidst the maelstrom of volatility. Christian Lundblad, Senior Associate Dean for Faculty and …
China’s largest banks weather property woes but margins narrow
China’s largest lenders have posted third-quarter profit rises of more than 4% as their diverse lending portfolios kept them above the fray of property market woes.
China’s zero-Covid policy can lower economic growth in neighbouring Asian countries, warns IMF
The economic slowdown in China due to its stringent zero-Covid policy and intermittent lockdowns could spell trouble for its Asia neighbours with whom the country shares strong financial band trade …
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