BEIJING – China’s central bank on Tuesday conducted a 300-billion-yuan ($41.83 billion) medium-term lending facility (MLF) operation to maintain ample liquidity in the country’s banking system.
FINANCE
China’s defense of currency takes toll on big banks, bond funds
BEIJING – China’s strategy of defending its currency by choking local liquidity is sending ripples throughout the financial system, squeezing banks and fueling losses at bond funds.
China’s Repo Market Hit Hard as Yuan Defense Sparks Cash Squeeze
China’s strategy of defending its currency by choking local liquidity is sending ripples throughout the financial system, squeezing banks and fueling losses at bond funds.Most Read from BloombergTrump …
WeRide’s Latest Robotaxi GXR to Start First Fully Unmanned Commercial Operations in Beijing
WeRide (Nasdaq: WRD), a global leader in autonomous driving technology, announced approval to launch its latest generation Robotaxi, the GXR, for fully unmanned paid ride-hailing services in Beijing.
Tesla Up On China FSD Report; Elon Musk’s DOGE Doesn’t Change EV Giant’s ‘Holy Grail,’ Says Longtime Bull
Tesla fell despite a report that the EV giant will roll out FSD in China. Elon Musk’s DOGE brand impact is “containable,” Dan Ives said.
Tesla Stock Falls Despite China FSD Report; Elon Musk’s DOGE Actions Don’t Change EV Giant’s ‘Holy Grail,’ Says Longtime Bull
Tesla fell despite a report that the EV giant will roll out FSD in China. Elon Musk’s DOGE brand impact is “containable,” Dan Ives said.
Will China’s central bank cut rates soon? Mixed signals fuel confusion
China’s monetary policy is sending mixed signals, leaving investors and economists uncertain about whether the People’s Bank of China (PBOC) will cut interest rates soon. Despite an easing stance …
China’s EV maker XPeng eyes doubling global presence by year’s end
One of China’s leading electric vehicle makers XPeng plans to double the number of countries in which the company operates by the end of this year, its CEO said Saturday.China’s government has …
China Market Update: Alibaba Goes Ballistic, Finance Minister Talks Consumption, Week In Review
Asian equities ended a positive week on a high note, led by Hong Kong and Mainland China-listed growth stocks following Alibaba’s financial results, which were reported after the close in Hong Kong …
China’s central bank vows to enhance yuan amid looming risks from strong US dollar
China’s central bank has pledged to advance the cross-border use of the yuan and develop the offshore yuan market, as the mission to stabilise the currency grows more urgent in the face of a strong…
Bessent Plans First Call With China Counterpart on Friday
US Treasury Secretary Scott Bessent plans to urge China to rebalance its economy when he speaks to his counterpart in Beijing on Friday.
China releases framework for sovereign green bonds
BEIJING – China’s Ministry of Finance released a framework for sovereign green bonds on Thursday, paving the foundation for the country to issue offshore sovereign green bonds and global capital to …
US Treasury Secretary Bessent to hold first call with China counterpart on Friday
Bessent said one message will be that ‘we really want to put a stop’ to the inflow of precursor ingredients for fentanyl from China.
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