BEIJING (Reuters) – China’s central bank said on Friday it was cutting the ratio of cash that banks must hold as reserves by 100 basis points (bps), as it looks to reduce the risk of…
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China cuts banks’ reserve ratios by 100 bps as economy slows
Frost & Sullivan: Mobile Payments market in China is expected to witness three-fold growth with doubling of active mobile payment users by 2023
SINGAPORE, Jan. 4, 2019 /CNW/ — Low credit card usage, and increasing popularity of eCommerce coupled with a growing middle class in China have accelerated the growth of mobile payments in the countr… ( read…
China says US envoys due in Beijing for talks on trade fight
The dispute has rattled companies and financial markets that worry it will drag on global economic growth that is showing signs of declining. Trump wants Beijing to roll back plans for state-led devel… ( read…
China’s money rates drop; more targeted easing on the way
SHANGHAI, Jan 4 (Reuters) – China’s primary money rates fell sharply in the first week of 2019 as a year-end surge in cash demand abated and the central bank broadened the scope of targeted reserve…
China’s Banks Should Not Be Used As Fiscal Vehicles While Supporting Private Firms
For reference, a U.S. big bank’s interest rate for loans for small businesses is set between 5% and 11%, fully taking into account risk-based pricing. China is experiencing an economic downturn, and w… ( read…
China will cut banks’ reserve requirements, taxes: Premier Li
China will also step up “countercyclical adjustments” of macro policies and further cut taxes and fees, Li said. Li made the statement at a meeting with officials of the country’s banking and insuranc… ( read…
China urges banks to boost small business financing
and Bank of China and hosted a forum at the China Banking and Insurance Regulatory Commission, according to a cabinet statement. Mr Li said the government would increase counter-cyclical adjustment po… ( read original story…
China stocks rebound, financial firms lend support; Hong Kong rises
SHANGHAI, Jan 4 (Reuters) – China stocks bounced back from a more than four-year low on Friday, as optimism about trade talks with the United States helped sooth investor nerves and after a private su……
China, U.S. Vice Ministers to Hold Trade Talks Starting Monday
(Bloomberg) — Sign up for China Rising, a new weekly dispatch on where China stands now and where it’s going next. China said a U.S. delegation will visit next week for trade talks, confirming the…
Beijing confirms US trade talks amid rising diplomatic tension
Chinese officials are set to meet with their US counterparts for trade talks in Beijing on January 7 and 8 … last month of Meng Wanzhou– Chinese telecoms group Huawei’s chief financial officer – in…
Young Beijing shoppers’ appetite for latest iPhones wanes
There were long queues around the block when Apple opened its first store in China, in Beijing’s trendy Sanlitun shopping … a 26-year-old working in finance, who was browsing inside a small Huawei s… (…
China lands spacecraft on ‘dark’ side of moon
The landing on Thursday was announced to the public by state broadcaster CCTV at the top of the noon news. “On the whole, China’s space technology still lags behind the West, but with the landing…
China says discussing charges against imprisoned Canadians not ‘convenient’
The news becomes public on Dec. 5. Dec. 6: China demands Canada release Meng and “immediately correct the mistake” officials made in arresting her. The Chinese also say they were not briefed on the re……
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