Chinese authorities announced that they have suspended the extension of the pilot test plan for the harmonized property tax this year, a plan that began in October last year, economic news portal …
FINANCE
China stocks extend gains on government pledges of support, Ukraine peace hopes
China shares rose on Thursday, extending a jump from the previous session after the country’s top policymaker assured markets of stability and support, with hope for a breakthrough in ceasefire talks …
$21bn support request: Ministry seeks update from Pak envoy in Beijing
Ministry of Finance (MoF) has sought an update from Pakistan Ambassador to China Moin ul Haq on Islamabad’s request for a $21 billion financial package from China required for external account …
China Could Cut Rates in Days After Strong Vow to Investors
China watchers expect the central bank to take policy action within days after top financial leaders made a strong pledge to boost markets and support the economy.Most Read from BloombergPowerful …
Yuan advances after Fed rate hike, investors hope for more China stimulus
China’s yuan advanced against an easing dollar on Thursday after the U.S. Federal Reserve hiked interest rates as expected, while investors hoped for more stimulus after Beijing said it would step up …
China Expected to Follow Up Easing Pledge With Concrete Steps
The government may be nearing an end of punitive measures imposed on the internet sector, while the central bank could take monetary easing actions within days. The property sector is also expecting …
China’s Support Pledge ‘Too Late’ for Some: Evergrande Update
Stronger Chinese developers’ dollar bonds surged after Beijing’s call for more support to the property industry, but analysts cautioned that it may be too late to restore confidence in a sector hit by …
China’s central bank conducts 80 bln yuan of reverse repos
China’s central bank on Thursday conducted 80 billion yuan (about 12.62 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the 7-day reverse …
Aussie China sanctions risk 65 and even 58 cents
The provision of missile launchers as well as sanctions on hundreds of individuals place as Prime Minister Morrison has stated, Australia lockstep in actions taken by the USA. The talk of the US and …
Traders Weigh China Vow to Resolve Risks: Evergrande Update
Investors weighed the implications of China’s strong push to stabilize battered markets, in which the nation’s top financial policy body promised to ease a regulatory crackdown, support property and …
China stocks rise on government pledges of support, Ukraine peace hopes
China major stock indexes rose on Thursday, extending a jump from the previous session after the country’s top policymaker assured markets of stability and support, while hope for a breakthrough in …
Moody’s — Issuance growth in China’s onshore bond market will likely be slow in 2022
Onshore issuance rose just 6% in full-year 2021 while net financing declined 28%, indicating the issuance was largely driven by refinancing needs » Funding costs to remain high for weaker companies …
China Not to Pilot Property Tax Reform in More Cities This Year Amid Unsuitable Conditions
China’s finance ministry has said there are no suitable conditions this year to expand the country’s list of pilot cities for real estate tax reform, Xinhua reported yesterday. China will focus on …