China’s central bank said on Tuesday it will cut the amount of cash most commercial and foreign banks must hold as reserves to pay back loans obtained via its medium term lending facility. The move…
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China central bank announces surprise cut in bank reserve requirements
UPDATE 1-China c.bank announces surprise cut in bank reserve requirements
BEIJING, April 17 (Reuters) – China’s central bank said on Tuesday it will cut the amount of cash most commercial and foreign banks must hold as reserves to pay back loans obtained via its medium…
Online consumers in Asia buy three times more banking products than less tech-savvy peers, says McKinsey
The figure for mainland China more than tripled to 60 per cent in the same period. McKinsey’s study also found that in developed Asian markets, internet banking penetration rose to 97 per cent in 2017,…
China c.bank says still needs to keep reserve ratios relatively high
BEIJING, April 17 (Reuters) – China’s central bank still needs to maintain relatively high reserve requirement ratios for banks to fend off financial risks, it said on Tuesday as it announced plans to cut ratios…
China to allow full foreign ownership in auto industry
BEIJING — China announced plans Tuesday to allow full foreign ownership of automakers in five years, ending restrictions that helped to fuel its escalating dispute with U.S. President Donald Trump and strained relations with other…
U.S. strike on China’s ZTE another blow for Qualcomm
Technology is the crux of the tensions. China wants to boost domestic champions like Huawei, which also makes chips. The United States, meanwhile, concerned about China’s growing might, has shot down Chinese technology deals overseas,…
U.S. Cuts Off China’s ZTE From American Tech for Seven Years
China’s Huawei Technologies Co. makes those chips for use … guilty and pay as much as $1.2 billion for violating U.S. laws restricting sale of American technology to Iran. The agreement called for the company…
China’s first quarter growth beats expectations at 6.8%
At the current rate, this sector in China doubles in size every two to three years. But it was also exports that helped the economy grow in line with the second half of last year.…
China’s property investment fastest in three-years, land shortage supports values
BEIJING (Reuters) – China posted its fastest property investment growth in three years in the first quarter, driven by a surge in land values and as developers grew more confident about the policy outlook, however,…
China Unicom Teams with Cisco to Enable Cloud + Network Synergy with Segment Routing
BEIJING, April 17, 2018 (GLOBE NEWSWIRE) — Recently, China United Network Communications Group Co., Ltd. (China Unicom) officially announced seven new products: Cloud Network Connection, Cloud Networking, Cloud VPV, Cloud Broadband, Unicom Cloud Shield ……
Ping An A-Shares Trade at Rare Discount as China Finance Hit
Concern that China will further free up bank deposit rates is prompting investors to dump financial stocks across the mainland, with insurers including Ping An Insurance (Group) Co. becoming collateral damage. Ping An’s yuan-denominated shares…
China’s economic growth holds steady amid trade dispute
In a speech last week, President Xi Jinping promised to open China’s markets wider, cut import duties on autos and ease restrictions on foreign ownership in the auto and finance industries. He gave no details…
China growth beats forecasts in face of trade row, financial risk
China’s economy grew more than expected in the first quarter as it withstood headwinds from Beijing’s fight against financial risk and pollution, and trade tensions with the United States. While acknowledging the potential negative impact…
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