BEIJING, July 2 (Xinhua) — China’s central bank drained 20 billion yuan (about 3 billion U.S. dollars) from the financial system on Monday to ensure stable liquidity. The People’s Bank of China (PBOC) didn’t pump…
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China’s central bank drains 20 bln yuan from market
China Development Bank to issue $5.3 bln bonds via ‘connect’ initiative
(ECNS) – China Development Bank (CDB), a major policy bank, is expected to issue 35 billion yuan ($5.29 billion) financial bonds to global investors on July 3 under a “bond connect” plan as the initiative…
Renminbi’s worst month ever sparks US-China currency war fears
The renminbi’s 1.9 per cent fall last week was its second-biggest weekly decline, trailing only mid-August 2015, when the People’s Bank of China shocked global markets by announcing a sudden policy change that unleased a…
Asian shares rally on China rebound; trade worries linger
After falling to fresh two-year lows on Thursday, shares in China rebounded Friday. While analysts said the jump reflected technical factors, it was helped by news that Beijing would ease foreign investment curbs on sectors…
China commerce minister says will significantly widen market access
Zhong said economic globalisation is an irreversible trend and that China will continue to defend the global multilateral trading system. Beijing on Thursday unveiled a long-anticipated easing of foreign investment curbs on sectors including banking…
China regulators free up extra US$100B for bank lending
BEIJING—Chinese regulators have freed up an extra US$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 reserves banks…
China Mobile to build second APAC data centre in Singapore
China Mobile International has begun construction plans for a new data centre in Singapore, its second built-up facility in Asia-Pacific, which will support its global network. MyRepublic not late to Singapore mobile market, but must…
China’s central bank has its eye on the bigger picture as it allows market forces to dictate speed of yuan declines
There are signs China’s central bank is letting market forces dictate the speed of recent declines in the yuan amid the ongoing US-Sino trade tensions, indicating that the exchange rate policy may be gradually shifting…
China June manufacturing sector growth ebbs as export orders shrink: Caixin PMI
BEIJING, (Reuters) – Growth in China’s manufacturing sector cooled slightly in June as firms faced rising input costs and a decline in export orders amid an escalating trade dispute with the United States, a private…
China: Banking Authority Considers Cryptocurrency Regulations while Venture Fund Announces $90 Million Worth ETH Investment for U.S. Market
A Chinese report hinted at the country’s government considering forming regulations for Initial Coin Offerings (ICOs). Meanwhile, a China-headquartered venture fund announced a massive 200,000 ether (ETH) budget for investing in U.S.-based blockchain and ……
China backs $15bn tech fund to compete with Japan’s SoftBank
China Merchants Fund, to set up one of six funds to participate in tech IPOs as cornerstone investors. The group’s financial arm is active in the Chinese tech sector, recently securing a role as one…
Retail investors shun Xiaomi IPO
[Photo/China Daily] Although subscribed by Chinese magnates such as Li Ka-shing, Jack Ma Yun, Pony Ma Huateng and Cai Wensheng, Xiaomi’s blockbuster IPO was given the cold shoulder by retail investors. The Beijing-based company managed…
Washington and its allies need to contain Beijing
Now, Beijing has rebuffed Washington’s efforts to engage on the issue. President Xi Jinping told US defence secretary Jim Mattis in Beijing last week that China would not yield “one inch” of the crucial waterway…
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