A Chinese self-regulatory body overseen by the central bank has told major state-owned banks to lower dollar deposit interest rates, four people with direct knowledge of the matter said on Tuesday, in …
FINANCE
China Asks Big Banks to Cut Deposit Rates to Boost Growth
Chinese authorities asked the nation’s biggest banks to lower their deposit rates for at least the second time in less than a year, according to people familiar with the matter, marking an escalated …
China Asks Big Banks to Cut Deposit Rates Again to Boost Economy
State-owned lenders including Bank of China Ltd., Industrial & Commercial Bank of China Ltd. and Bank of Communications Co. were last week advised to cut rates on a range of products, including on …
Living the ‘Chinese Dream’: Beijing’s new world order
As Beijing boosts its diplomatic clout, analysts say it wants to “remould” and even supplant existing institutions.
UPDATE 1-China, U.S. talks in Beijing strike upbeat tone but risks remain
(Changes media keyword from CHINA-USA, adds comments from Kritenbrink in paragraph 12, Chinese state media in paragraphs 10-11) By Laurie Chen and Ryan Woo BEIJING, June 6 (Reuters) – Meetings between …
How J.P. Morgan’s Jamie Dimon Bows to Beijing
CEO of JP Morgan Chase and former board member of the Federal Reserve Bank of New York, Jamie Dimon is recognized as the nation’s preeminent banker. Since 2005, when he became head of JP Morgan,…
Top asset manager says pension fund clients are turning skittish on China – ‘There is a very real geopolitical risk’
“They’re very conscious of the risks they are running. There is a very real geopolitical risk that has been added to the proposition.” …
US’ Taiwan envoy urges Beijing to keep communication lines open to avert conflict
Washington and Beijing must maintain a smooth channel of communication to avoid conflict, the US’ de facto envoy to Taiwan said on Monday at the start of a six-day visit to the island. Laura …
China’s fiscal situation sound and safe; uneven pressures faced by some localities will be addressed: experts
This aerial photo taken on May 25, 2023 shows the Luzhou grand bridge under construction in Zhanjiang city, South China’s Guangdong Province.(Photo: Xinhua) China’s fiscal situation is sound, safe and …
China’s top investment bank CITIC cuts base salary by up to 15% -sources
China’s CITIC Securities is cutting pay across its investment banking division, lowering base salaries by up to 15%, two sources said, in a rare move in the country’s financial sector as Beijing …
Beijing Review: Diligence and Economy Lead to Plenty
China carried out its 32nd annual campaign for urban water conservation from May 14 to 20, bringing resource use and management once again into the national spotlight.
China Says Local Debt Under Control, No Systemic Risk Seen
China said local government debt is manageable and authorities have enough financial resources to avoid risks from spreading, seeking to allay investor fears of possible defaults.
Locked-up shares worth 108.9b yuan to become tradable in China
Locked-up shares worth 108.9 billion yuan ($15.35 billion) will become eligible for trading on China’s bourses this week. From June 5 to 9, about 11.37 billion shares of 76 enterprises will become …
