Expansion and enhancement of connect schemes crucial to promoting cross-border use of the yuan, HKMA CEO tells summit Possible new measures could include improved sales arrangements, expansion of …
FINANCE
China’s Car Sale Slump and How to Take Advantage
The State Taxation Administration and the Ministry of Finance announced new measures to stimulate China’s sputtering automobile industry. The statement, made on May 31, announced that purchase taxes …
Top Banks Pull Back From China Metal Financing After Crises
(Bloomberg) — JPMorgan Chase & Co. and ICBC Standard Bank Plc are pulling back from metal financing in China after a series of crises and scandals, adding pressure to a sector already hard hit by…
China’s Swap Markets Signal Near-Term Easing Bets Are Fading
China’s bond traders are growing less optimistic about the prospects for more monetary easing, if the derivatives markets are anything to go by. The nation’s one-year interest rate swaps, which show …
China struggles against political, economic stability ahead of 20th Party Congress
China’s economy, both at the central and provincial levels, is under considerable stress as two of the world’s biggest investment banks have slashed China’s economic growth forecast, ahead of the 20th …
China reports 986 new COVID cases for Sept 15 vs 1,083 a day earlier
That compares with 1,083 new cases a day earlier – 167 symptomatic and 916 asymptomatic infections, which China counts separately. There were no new deaths, same as a day earlier, keeping the nation’s …
China’s local government financing vehicles go on land-buying spree
China’s local government financing vehicles are rushing to buy vast quantities of land with borrowed funds, bailing out cities and provinces struggling for cash after an exodus of debt-stricken …
Dollar rally sees China’s currency fall through key threshold
The surge in the U.S. dollar continues to reverberate through global financial markets and moved Thursday through an important threshold versus China’s currency. That said, analysts and traders said …
Tech war: record number of Chinese chip firms going out of business in sign of Beijing’s sputtering self-sufficiency drive
As many as 3,470 companies – including entities that use the Chinese word for ‘chip’ in their brands or operations – deregistered between January and August.
NBP stall attracts Chinese financial institutions in Beijing
The National Bank of Pakistan (NBP) booth set up in Shougang Park, at China International Fair for Trade-in-Services 2022, to introduce its services to the Chinese small and medium enterprises (SMEs), …
China Holds Key Rate, Withdraws Liquidity Amid Yuan Defense
China’s central bank drained liquidity from the banking system for a second straight month while leaving rates unchanged as it sought to ease pressure on the yuan from a widening policy divergence …
U.S. to move $3.5 billion in Afghan central bank assets to Swiss-based trust
An Afghan currency exchange worker stacks banknotes at a market in Kabul, Afghanistan October 7, 2021. REUTERS/Jorge Silva …
China’s Central Bank Keeps Key Policy Rate Unchanged
The People’s Bank of China kept the one-year interest rate of its medium-term lending facility unchanged Thursday, a move that could put benchmark lending rates this month on hold after a cut in …
