The People’s Bank of China is scrambling to support the economy amid signs of stagnant growth. The PBoC’s latest move comes after it cut short-term interest rates to 1.9% earlier this week. Sign up …
FINANCE
A new super-regulator takes aim at rampant corruption in Chinese finance
H ardly a day passes without someone in Chinese finance “falling off his horse”, or coming under a corruption investigation. State media warned on June 5th that the banking industry is infested with …
Alibaba, Baidu, JD.Com Rise After China’s Central Bank Cuts Another Interest Rate
Worries about growth are feeding expectations that Chinese authorities will do more to stoke demand in the near future.
China fights waning market confidence as analysts deliver ‘not enough’ message on stimulus to rev up economy, equities
Some analysts are putting pressure on Beijing to do more, saying two key moves this week are not enough to rejuvenate the economy and stock prices Benchmark index stocks in mainland China and Hong …
A top Russian banker says the dollar’s dominance is ending — but China’s yuan is gaining prominence
Kostin’s assessment of the dollar’s clout and the yuan’s rise came amid an intense debate over de-dollarization that has raged on for the past year.
China’s central bank continues to add liquidity, hints monetary easing ahead
As anticipated, PBC has slashed its one-year medium-term lending facility (MLF) rate by 10 basis points to 2.65% from 2.75%, following a seven-day reverse repo rate cut of 10 bps to 1.90 percent on …
Canada suspends work with Chinese-founded development bank while it investigates complaints
Canada’s finance minister says it is suspending activity with a Chinese-founded development bank while it investigates complaints by a Canadian who resigned from the lender …
China’s world banks are geopolitical victims
China’s “World Bank” tried in vain to carefully thread the geopolitical needle. Canada, one of its members, is freezing activity at the Beijing-based Asian Infrastructure Investment Bank after its …
China’s central bank cuts key policy rate for first time in nearly a year
DOW JONES NEWSWIRES China’s central bank cut a key policy rate for the first time since August on Thursday, a widely-expected move as Beijing ramps up policy support to boost the economy …
China central bank cuts key interest rate to boost economy
China’s central bank cut a key interest rate and injected $33 billion into financial markets Thursday, as data showed the world’s second-largest economy was flagging.China’s six largest state-owned …
China Central Bank Ramps Up Policy Action With 1-Year Rate Cut
China’s central bank cut its key one-year interest rate on Thursday as it tries to juice the economy’s recovery after it lost momentum in recent months.
China cuts a key policy rate for first time in 10 months as economic rebound cools
China’s central bank lowered its key medium-term lending rates on Thursday, in a much anticipated move as the economy’s post-Covid recovery continues to lose momentum.
China cuts medium-term lending rates as economy sputters
China’s central bank cut the borrowing cost of its medium-term policy loans for the first time in 10 months on Thursday, in line with expectations, as Beijing ramps up stimulus measures to shore up a…
