In the latest such move, China’s central bank has asked some domestic banks to scale back their outward investments through the Bond Connect scheme, Reuters reported on earlier on Friday, citing …
FINANCE
Analysis-Case Builds for China’s Banks to Cut Deposit Rates
China cut its one-year loan prime rate (LPR) by 10 basis point this week but left the five-year tenor, which influences the pricing of mortgages, unchanged at 4.2%. The People’s Bank of China (PBOC) …
As China’s economy slows, the buck stops with leader Xi Jinping
This approach dragged China’s economy out of the 2008 global financial crisis. It also gave the Communist Party leaders a newfound sense of confidence that the United States and its market liberalism …
China has no pain-free solutions for its slowing economy
But China’s employment market is weak, with youth joblessness at record highs above 21%. The private sector, responsible for 80% of new urban jobs, is still recovering from regulatory crackdowns on …
China Rolls Out Major Mortgage Easing for Homebuyer Support
China unveiled further mortgage easing policies to bolster its residential property market in an attempt to support economic growth.
China Construction Bank warns of pressure on profit margin
China Construction Bank, the country’s second largest by assets, has warned that its profit margin will stay under pressure this year as concerns mount about the health of the country’s $56tn banking …
China’s central bank conducts 221-bln-yuan reverse repos Friday
BEIJING, Aug. 25 (Xinhua) — China’s central bank conducted 221 billion yuan (about 30.74 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Friday. The move aims to …
China Construction Bank says to keep a ‘proper level’ of profit margin
China Construction Bank Corp (CCB) will strive to keep a proper level of net interest margin, CCB President Zhang Jinliang at a post-earnings news conference on Thursday.The bank will continue to …
Bank of East Asia, China Construction Bank earnings marred by rise in bad loans to mainland’s distressed property sector
China’s worsening property crisis saw bad loans rise at Bank of East Asia and China Construction Bank, which tarnished otherwise decent first-half earnings.
China’s yuan is displacing other top global currencies in trade, but not the US dollar
“The higher share of CNY in trade invoicing doesn’t seem to be dethroning USD, but rather pushing out second tier developed market FX, such as GBP.” …
How China’s Economy Collapsing Would Impact the U.S.
After decades of incredible growth, China was widely considered poised to overtake the U.S. as the biggest economy in the world, with its GDP surpassing that of America in the coming 10 to 25 years.
China’s banking institutions report growth in total assets
China’s banking financial institutions saw an increase in total assets, data from the National Financial Regulatory Administration showed. This was reported by …
China’s central bank conducts 61-bln-yuan reverse repos
BEIJING, Aug. 24 (Xinhua) — China’s central bank conducted 61 billion yuan (about 8.49 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Thursday. The move aims to …
