The People’s Bank of China (PBC), the country’s central bank, resumed its pledged supplementary lending (PSL) facility in December 2023 and injected 350 billion yuan ($49 billion) of liquidity into …
FINANCE
Exclusive-China’s top banks tighten exposure to smaller peers to curb credit risk, sources say
Some of China’s top banks have sharpened scrutiny of smaller peers’ asset quality and have tightened standards for interbank lending, three sources said, in an effort to curb credit risk as a …
Iron Ore Extends Gains as Further Support From Beijing Expected
Iron ore climbed for a third day on expectations that China’s government will bolster economic stimulus, as pre-Lunar New Year holiday restocking commences.Most Read from BloombergIran Sends Warship …
China crude flows to storage poised to pick up after half-year lull: Russell
China’s flow of crude oil into inventories faded over the second half of last year as the world’s top importer reduced purchases in response to higher prices.
‘The price of love’: forgiving man in China seeks clemency for swindling, married ‘girlfriend’ who milked US$280,000 from him over 5 years
A man in China who insisted on forgiving a married woman who pretended … The Shanghai resident, who uses the alias Wang Yuan, slipped into debt by giving financial support to his girlfriend, …
China’s gaming stocks climb on report regulatory official removed
Chinese gaming stocks rose on Wednesday to outperform a weak broader market, after Reuters reported China removed a gaming regulatory official.
China urges more babies, but many women resist
Chinese President Xi Jinping has urged women to have more children as the nation grapples with an aging population and a record decline in the birth rate. Not all women agree with this, though.
China Fires Official After Controversial New Gaming Laws
China removes an official from office who played a role in the country’s newest gaming laws, which had major financial ramifications.
China Halts Deal with Argentina Worth $6.5 Billion
For Argentina, grappling with a dollar deficit and near international default, this agreement with China has been a crucial financial support. Its suspension could have significant implications for …
How troubles in China are affecting emerging markets
Emerging markets (EEM, EMXC) are trending down on the first trading day of 2024 as Chinese markets have had one of its worst starts to a year since 2019. Last month, China injected a stimulus…
China lifts policy bank loans, raising expectations for ailing housing sector
Beijing plans to provide at least 1 trillion yuan of low-cost financing to China’s urban village redevelopment and affordable housing programmes to shore up its struggling property market.
China lifts policy bank loans, raising housing support expectations
China’s central bank made 350 billion yuan ($49.1 billion) in loans to policy banks through its pledged supplementary lending (PSL) facility in December, data showed, fuelling expectations of …
China’s central bank adds liquidity worth $19.36 billion
China’s central bank announced the conduction of 137 billion yuan (about $19.36 billion) of seven-day reverse repos at an interest rate of 1.8% on Tuesday.The move aims …
