SHANGHAI (Reuters) – China’s central bank said on Tuesday it had injected 393 billion yuan ($62.13 billion) into the financial system via one-year medium-term lending facility (MLF) loans. Interest rates for the MLF loans were…
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China central bank lends 393 billion yuan via MLF, rates unchanged
End of a monetary era for China
This thinking has been evolving for some time. Back in 2016, the Governor of the People’s Bank of China (PBOC), Zhou Xiaochuan, set out the Bank’s thinking about digital currency, saying that it is an…
China’s new loans in Jan surge to record 2.9 trillion yuan, blow past forecasts
Reflecting that tricky balancing act, authorities are already warning China’s banks to rein in new lending growth after the strong start to the year, financial magazine Caixin reported late on Monday, citing banking sources. Broad…
China names JP Morgan Chase Bank as yuan clearing bank in U.S.
BEIJING (Reuters) – China’s central bank on Tuesday named JP Morgan Chase Bank as yuan clearing bank in the United States. The People’s Bank of China made the announcement on its website. ( read original…
China Jan new loans surge to record 2.9 trillion yuan, blow past forecasts
BEIJING (REUTERS) – China’s banks extended a record 2.9 trillion yuan (US$ … according to Reuters calculations based on the central bank data. Beijing is in the second year of a regulatory push to clamp…
Nation’s central bank warns of digital financial risks
“China’s rate of account ownership – a basic metric of financial inclusion – has increased significantly and is now on par with that of other G20 countries,” while having the world’s largest agent banking network,…
China’s central bank injects liquidity into market via MLF
BEIJING – China’s central bank Tuesday injected 393 billion yuan ($62.2 billion) into the market via the medium-term lending facility (MLF) to maintain liquidity. The People’s Bank of China, the central bank, said the injected…
China central bank governor says will maintain prudent monetary policy in 2018 – PBOC publication
BEIJING (Reuters) – China’s central bank governor Zhou Xiaochuan said China will maintain prudent monetary policy as well as appropriate growth in credit in 2018, according to comments in China Financialyst, a magazine published by…
China opens news doors for Wipro consumer care
Unza is now a $75 million brand. Two years ago, WCCL bought Zhongshan Ma Er to get a strong foothold in the Guangdong (China) market. The Chinese market now contributes $125 million to WCCL’s business…
British Navy to send a warship to challenge Beijing’s claims to the South China Sea
A British warship will sail through the South China Sean next month to challenge Beijing’s claims to the international waters. The move is likely to stoke tensions with China, who have claimed the area and…
Can China Unicom be reborn through its BATJ partnership?
Though China’s telecommunications sector remains under strict government control, the country’s No. 2 operator, China Unicom, has been stepping up efforts to move to a mixed ownership structure. As part of the program, Unicom has…
Beijing ups trade tensions with new measures on US chemical
Trade tensions between the world’s two largest economies continued to simmer as Beijing took aim at imports of a key chemical from the United States, the latest move in a growing standoff between the pair.…
China Jan non-financial ODI up 39.7 pct to $10.8 bln – state media
BEIJING, Feb 13 (Reuters) – China’s non-financial outbound direct investment in January rose 39.7 percent year-on-year to $10.8 billion, the Shanghai Securities News reported on Tuesday citing data from the Ministry of Commerce. That compared…
