China’s currency gained ground against the U.S. dollar after the central bank warned that it wouldn’t tolerate excessive market movements. The offshore yuan, the more freely traded version of China’s …
FINANCE
China’s Aug new bank loans jump more than expected, more policy steps expected
BEIJING (Reuters) -New bank lending in China beat expectations by nearly quadrupling in August from July’s level, as the central bank sought to shore up economic growth amid soft demand at home and …
Exclusive-China’s Central Bank to Peruse Bulk Dollar Purchases – Sources
BEIJING/SHANGHAI (Reuters) – China’s central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with direct knowledge of the matter said on Monday, at a time …
China vows to support yuan through crisis, bouncing the embattled currency from a 16-year low
The People’s Bank of China issued a stark warning to traders speculating against the note, sending the yuan soaring to its largest gain since March.
China’s yuan: financial regulators vow to stem speculation, not hesitate after currency slid to 16-year low against US dollar
China’s financial regulators on Monday vowed to take action after China’s yuan fell to a 16-year low against the US dollar last week.
China’s Economic Dilemma, Apple’s China Woes, US Economy Surges And Inflation Fears: Top Economy News This Week
He further pointed out that China’s economic struggles are deepened by its hesitation to provide financial assistance to its citizens and businesses. Read the full article here. Devaluation of Yuan: A …
China’s Aug new bank loans jump more than expected, credit growth quickens
New bank lending in China beat expectations by nearly quadrupling in August from July’s level, as the central bank sought to shore up economic growth amid soft demand at home and abroad.Chinese banks …
Franklin Templeton CEO says China pessimism is overhyped
U.S. Commerce Secretary Gina Raimondo noted during her China visit in August that U.S. companies have … Yantoultra graduated with an MBA in Finance from Universiti Putra Malaysia in 2010.
China’s central bank conducts 215-bln-yuan reverse repos
BEIJING, Sept. 11 (Xinhua) — China’s central bank conducted 215 billion yuan (about 29.8 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Monday. The move aims to …
China Citic Bank eyes mobile banking increase in Hong Kong, aims to save 1 million sheets of paper a year
China Citic Bank aims to turn its 24 Hong Kong branches paperless within the next year as it promotes mobile banking Wider acceptance of mobile banking gives smaller lenders that lack branch networks …
China’s central bank yanks yuan off 16-year low with strongest fixing bias
SHANGHAI/SINGAPORE, Sept 11 (Reuters) – China’s central bank yanked the yuan off a 16-year low against the dollar on Monday by setting a daily midpoint guidance rate with the strongest bias on record, …
China’s Yuan Rallies Off Recent Lows on Record Strong Fix Signal
The yuan climbed from a 16-year low as China started the week on the offense, sending another forceful signal with the reference rate for the managed currency and urging state banks to support it.
China Citic Bank International eyes mobile banking increase in Hong Kong, aims to save 1 million sheets of paper a year
China Citic Bank aims to turn its 24 Hong Kong branches paperless within the next year as it promotes mobile banking Wider acceptance of mobile banking gives smaller lenders that lack branch networks …
