The PBOC has persistently set firmer-than-expected daily fixing to cap the downside room in the yuan, and it lowered the amount of foreign exchange banks must set aside last week to slow the pace of…
FINANCE
5 things you need to know about China’s shadow banking crisis and what it means for investments
Bear in mind that a lot of Chinese consumers invest in the shadow banking industry due to the more attractive rates on offer compared to traditional banks. A collapse in the sector will affect …
China Evergrande Shares Dip After Police Detain Some Staff of Wealth-Management Unit
By Sherry Qin China Evergrande Group’s shares dipped after police in southern China detained some staff at its wealth-management unit, adding to
China’s financial institutions see assets increase in Q2
The country’s financial institutions saw their combined assets increase 10.3 percent year-on-year to 449.21 trillion yuan ($62.58 trillion) by the end of Q2, while their combined liabilities rose 10.6 …
Britain urged to freeze ties with AIIB – China’s answer to the World Bank
The Government is being ‘played for fools’ and must freeze ties with Beijing’s answer to the World Bank, according to a top official who left the organisation over allegations it was controlled by the …
Cops become new earners for struggling local government’s in China
Cash-strapped local governments in China are relying on law enforcement agencies to generate revenue through heavy fines for traffic offenses and other violations. Revenues fell short of expenditure …
China Cuts Reserve Requirement Ratio for Second Time This Year
China’s central bank cut the amount of cash lenders must hold in reserve for the second time this year, a move that will help banks support government spending and Beijing’s broader effort to stoke …
China’s economic data breakdowns show signs of life amid prevailing doom-and-gloom outlook
a Chinese financial data provider. The summer box office data also reached a new historical high this year. According to movie industry data provider Dengta, the box office in China from June to …
A Decade On, China’s Imperial Financial Gambit Goes Awry (IANS Explainer)
Giving China a renewed stain contemporary times, its president Xi Jinping’s brainchild One Belt One Road (OBOR) is a massive …
It’s not just China, the world is at risk of hidden debt and financial system shocks
Why is a spotlight focused on everything ‘bad’ in China while adverse developments elsewhere are treated as though they were happening on the dark side of the moon? We have been hearing a lot about…
Will China weaponise the yuan? Global finance body throws cold water on the idea as it rankles markets
Intentionally weakening the yuan would be a boon for cheaper Chinese exports, but on the whole, a devalued yuan could make China’s problems much worse.
The EU represents a “powerful” continent and must not fear any country, France’s finance minister said Friday, after China warned a Brussels probe into Beijing’s electric car …
The EU represents a “powerful” continent and must not fear any country, France’s finance minister said Friday, after China warned a Brussels probe into Beijing’s electric car subsidies would harm ties …
Stocks slump after strong China data, Arm rallies in day 2: Stock market news today
US stocks opened lower Friday as the major indexes failed early on to build on a Thursday rally. The S&P 500 (^GSPC) was down 0.3%, while the Dow Jones Industrial Average (^DJI) slumped by 0.2%.…
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