Xi Jinping sits down for a second day of talks with Russian President Vladimir Putin on Tuesday but Western allies remain skeptical of any breakthrough over the war in Ukraine with Washington saying …
FINANCE
Ignoring experts, China’s sudden zero-COVID exit cost lives
A chaotic, deadly outbreak in Hong Kong alarmed Beijing. Then in March, the virus began spreading in Shanghai, China’s cosmopolitan finance hub. Initially, Shanghai took a light approach with targeted …
Fed should take a leaf out of China’s normal monetary policy
China’s holdings of United States Treasuries fell to $859.4 billion from $867.1 billion in December, the sixth consecutive month of decline and its lowest level since the global financial crisis.
Funding Stress Roars Back in China Before RRR Cut Takes Effect
Signs of a cash squeeze are reappearing in China days before a reduction in the reserve requirement … the central pumped in 1 trillion yuan ($145 billion) of funds into the financial system over …
Does China’s State-Owned Bank Have Offices in Trump Tower?
The Industrial and Commercial Bank of China, which is state-owned, is by some metrics the largest bank in the world.
China moves to bolster economic recovery with RRR cut
China has announced its first cut in the amount of cash that banks must hold as reserves this year to bolster the economic growth momentum after investment stabilized and consumption rebounded in the …
Ghana finance minister to travel to China for debt talks – source
REUTERS/Cooper Inveen ACCRA, March 20 (Reuters) – Ghana’s finance minister Ken Ofori-Atta will travel to Beijing on Wednesday to meet Chinese officials to discuss a proposed restructuring of Ghana’s …
China’s central bank warns SVB failure shows impact of rapid global rate hikes
A senior official at the People’s Bank of China said on Saturday the collapse of Silicon Valley Bank (SVB) showed how rapid monetary policy shifts were having spillover effects, state-owned newspaper …
Credit Suisse, UBS shares plunge; China’s Xi arrives in Moscow; NCAA Tournament highlights | Hot off the Wire podcast
Get the latest on the banking crisis, the war in Ukraine, highlights from the NCAA Tournament and the latest entertainment news.
Ghana finance minister travels to China for debt talks – source
Ghana’s finance minister Ken Ofori-Atta will meet with Chinese officials in Beijing on Wednesday to discuss a proposed restructuring of Ghana’s debt, according to a source with knowledge of the talks.
China’s Xi set to meet Putin in effort to weaken US standing at ‘highly significant’ gathering
Xi is expected to arrive in Russia on Monday where he is set to meet with Putin during his visit. Observers worry Beijing and Moscow are seeking to create a new world order.
China’s Surprise RRR Cut Puts Focus on Bank Lending Rates
The People’s Bank of China’s surprise easing action late last week has fueled speculation banks may cut lending rates in coming months to help strengthen the economy’s recovery.
Nation to expand financial sector’s opening-up
The country is implementing a larger-scale, wider-ranging and deeper-level opening-up of its financial sector, and will adopt a more proactive opening-up strategy, said Lou Jiwei, head of the Global …
