The yuan’s rapid slide is posing a new test for Beijing as it grapples with a looming trade war, putting the central bank under pressure to revive the kind of interventions undertaken in the past…
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Tumbling Yuan Challenges China’s Central Bank
Asian shares battered by China turbulence as trade war anxiety heightens
Speculation was rife China’s central bank was intervening in the currency market to staunch losses and prevent a potentially destabilizing sell-off in the yuan, while stocks came off a searing sell-off in the morning. Chinese…
China’s central bank to scrap barriers in connect scheme to draw inflows to bond market
China’s central bank said on Tuesday it would remove key barriers to the bond connect scheme in the coming months, making it easier for foreign investors to buy onshore yuan-denominated bonds. The People’s Bank of…
China Verbally Props Up the Yuan as Trade and Growth Fears Spike
and pledged that yuan devaluation won’t be used as a weapon in the trade conflict with the U.S. People’s Bank of China Governor Yi Gang said China will “keep the yuan exchange rate basically stable…
Bank of America Shanghai Branch Named Market Maker for China Bond Connect
HONG KONG – Bank of America, N. A. Shanghai Branch (BANA Shanghai) announced today that it has been named a market maker for Bond Connect between mainland China and Hong Kong, and that it has…
CHINA MERCHANTS BANK CO. (600036)
China Merchants Bank Co., Ltd. engages in the provision of corporate and personal banking services.It focuses on individual and corporate businesses, credit card, and small and medium enterprises.It operates through the following business segments ……
China turbulence knocks Asian shares to nine-month low as trade war fears grow
Speculation was rife the central bank in China was intervening in the currency market to staunch losses and prevent a potentially destabilizing sell-off in the yuan. Chinese financial markets have been jittery ahead of a…
China Won’t Weaponize the Yuan in Trade War, PBOC Official Says
People’s Bank of China Governor Yi Gang said China will “keep the yuan exchange rate basically stable at reasonable and balanced level,” a repetition of standard language that helped stoke speculation that policy makers are…
China says confident of coping with major and external risks
BEIJING (Reuters) – China’s leaders are confident the country can cope with major and external risks, they said at a high-level internal financial meeting, amid financial turbulence at home and rising trade tensions with the…
China says “fully prepared” if trade war kicks off this week
Trump has accused China of unfairly acquiring U.S. technology through coercion and theft and limiting market access for U.S. finance and technology firms — claims that China denies. China accuses Washington of protectionism, pointing to…
Exclusive: China presses Europe for anti-U.S. alliance on trade
BRUSSELS/BERLIN (Reuters) – China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade policies at a summit later this month but is facing resistance, European officials…
Trump moves to block China Mobile’s U.S. entry on security concerns
The impact of the ruling on China Mobile’s business is “very tiny”, said Ramakrishna Maruvada, a Singapore-based analyst with Daiwa Securities. “This doesn’t move the needle.” China Mobile Communications Corp, a state-controlled firm … (…
China central bank seeks to reassure after renminbi tumble
China’s renminbi suffered one of its worst intraday falls on record on Tuesday before the central bank appeared to intervene to stabilise the market. The onshore renminbi fell 0.8 per cent against the US dollar…
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