But the 700 billion yuan ($107.65 billion) in liquidity that the central bank said will result from the reduction in reserves was bigger than expected. China’s central bank said on Sunday it would cut the…
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As trade war looms, China is trying to boost its banks’ lending
RPT-UPDATE 3-As trade war looms, China cuts some banks’ reserve requirements to boost lending
The People’s Bank of China (PBOC) said on Sunday that the latest targeted cut in some banks’ reserve requirement ratios (RRRs) – currently 16 percent for large banks and 14 percent for smaller banks -…
China to unleash over $100 billion of liquidity
The 200 billion yuan freed for smaller lenders such as the postal bank will be used to fund smaller businesses. China’s central bank will cut the amount of cash some lenders must hold as reserves,…
China regulators free up extra $100B for bank lending
BEIJING — Chinese regulators have freed up an extra $100 billion for bank lending in a move financial analysts said could help to reassure investors amid trade tensions with Washington. The reduction on Sunday in…
Every Step China’s Taking to Contain Losses in Financial Markets
Policy makers in China are taking measures to instill confidence in one of the world’s worst-performing equity markets — to limited success so far. The steps, which pale in comparison to policies and restrictions imposed…
China says United States domestic opioid market the crux of crisis
deputy head of China’s National Narcotics Commission, told a news conference. “But I believe that to resolve this the more important issue is for the United States to strive to reduce and compress the great…
China has more fans at this World Cup than England
Somewhat surprisingly, the non-qualifying United States accounted for the second most ticket sales (80,000). Even more surprising is China’s appearance on the list. In fact, with 37,000 tickets sold according to FIFA, and Chinese state…
China Renaissance eyes up to US$800 mln in HK IPO: report
China Renaissance Group, a Beijing-based investment bank that had been involved in several high-profile Chinese tech deals, could raise as much as US$800 million in a Hong Kong IPO, Reuters reports, citing sources with knowledge…
Beijing woos foreign businesses as US trade war looms
In its search for business allies abroad, Beijing has also rolled out a number of announcements opening China’s financial services industry, reforms that had long been sought by foreign businesses. Policies announced since March included…
China cuts bank reserves by $100bn to cushion US tariffs
Last week China’s stock markets fell to two-year lows and the carefully managed renminbi declined 1 per cent against the US dollar as Mr Trump escalated his tariff threats and a host of economic indicators…
Trump risks prompting China financial shock
Donald Trump should be careful what he wishes for as he shoulder-checks China’s economy. Some might go for a poking-the-dragon metaphor here. But the U.S. president is not provoking the second-biggest economy so much as…
Taiwan hit by jump in cyber attacks from China
Taiwan has been hit by a jump in serious cyber attacks from China during the past two years in the latest sign that Beijing is only increasing its pressure as the US reaffirms its support…
China Moves to Shore Up Economy as Slowdown and Trade Fight Loom
China in essence told the country’s banks on Sunday that they do not have to sock away as much for a rainy day, allowing them to lend the money instead. The central bank said that,…
