China’s central bank said on Friday it would lower the interest rate for housing provident fund loans by 0.15 percentage points for first-time home buyers from Oct. 1, suggesting an urgency for …
FINANCE
China just boosted bank liquidity by 843%, adding further pressure on the yuan as the currency suffers its weakest year in almost 3 decades
The People’s Bank of China made the biggest cash injection into its banks since 2019 ahead of a key Communist Party celebration slated for next week.
China’s external debt drops in Q2
China outstanding foreign debt stood at about 263 trillion US dollars at the end of June data from the country forex regulator …
China asks top banks to provide $84 billion in property funding- Bloomberg News
China’s financial regulators have asked its six largest banks to offer at least 600 billion yuan ($84.32 billion) of financial support to the property sector in a bid to gear up for the deepening …
China to refund individual income tax for some home buyers -finance ministry
China will refund individual income tax for home buyers if they sell their homes and purchase a new one in the same city within one year after selling, the finance ministry said on Friday, in…
China Economic Review Sept. 30
China proposes to better conserve resources in key areas such as energy, industry, architecture and transportation, give play to the supporting role of technological innovation, so as to reduce carbon …
China Central Bank Makes Biggest Weekly Net Cash Injection Since Jan 2020
China’s central bank made the biggest weekly liquidity injection on a net basis through short-term bond instruments in more than 32 months, to counteract higher cash demand at the quarter-end. The …
China relaxes FX regulations in response to Fed rate rise – FT
Officials from the State Administration of Foreign Exchange (SAFE) privately communicated a relaxation of the informal limits on transaction in China’s interbank market to foreign exchange brokers on …
China forex regulator warns against illegal money outflows
China’s foreign exchange regulator named and shamed 10 banks that had assisted illegal capital outflows, vowing to crack down on fake forex transactions in authorities’ latest effort to stabilise the …
SEC hits Deloitte’s China affiliate with $20M penalty
On Thursday, the financial watchdog charged that, over the course of several years, Deloitte’s China employees allowed clients to choose their own samples for audits and prepare documents, creating …
China Is My Contrarian Pick
We are seeing a decoupling between the economies in China and the West, and Chinese equities might benefit from a lower currency. Click here to read more.
Follow the first rule of strategy: Eject China from the TSP
Strategy has a significant number of rules well defined by the geniuses in its pantheon: Sunzi, Sun Bin, Alexander, Caesar, Vegetius, Machiavelli, de Saxe, Frederick the Great, Clausewitz, Jomini, …
EXCLUSIVE China’s state banks told to stock up for yuan intervention-sources
China’s central bank has asked major state-owned banks to be prepared to sell dollars for the local unit in offshore markets as it steps up efforts to stem the yuan’s descent, four sources with …
