The policy move was announced hours after Chinese Premier Li Keqiang told the central bank to make universal cuts of the ratio as part of Beijing’s efforts to bolster economic growth having cut … (…
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China’s central bank to pump US$210 billion into ailing economy
China Overrides Japan as Asian Stocks Markets Stage Comeback
A gauge of financial firms was poised for its best day since October. Li said China will strengthen its counter-cyclical macro policy adjustment and will further cut taxes and fees.After a choppy star… ( read…
China and U.S. to hold trade talks in Beijing on Monday
China and the United States will hold vice ministerial level trade talks in Beijing on Jan. 7-8, as the two sides look to end a dispute that is inflicting increasing pain on both economies and…
China slashes banks’ reserve requirements again as economy slows
China’s central bank said on Friday it was cutting the amount of cash that banks must hold as reserves for the fifth time in the past year – freeing up $116-billion for new lending as…
China Financial Stocks Surge as Li Keqiang Visits Big Banks
Chinese financial stocks surged Friday as Premier Li Keqiang visited the nation’s biggest banks and pledged more support for the economy. Li met staff at Industrial & Commercial Bank of China Ltd., Ch… ( read…
China Cuts Banks’ Reserve Ratio to Ratchet Up Support for 2019
(Bloomberg) — China’s central bank acted to release cash into the economy to support growth, cutting the amount of cash lenders must hold as reserves by 1 percentage point. The required reserve ratio … (…
China cuts banks’ reserve ratios by 100 bps as economy slows
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…
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…
