Tag: banking

The chairman of the U.S. Senate Finance Committee said on Tuesday he is not worried that China will fail to keep its commitments under the Phase 1 U.S.-China trade deal in the long term, despite ... ( read original story ...)

USTR extends fifth batch of China tariff exclusions for only six months — China reportedly orders halt of some U.S. agricultural purchases ... ( read original story ...)

China’s central bank vice governor said on Tuesday the economic hit from the coronavirus pandemic was bigger than first expected and that more monetary and credit policy support was needed. China ... ( read original story ...)

Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that its fintech services application, 360 Jietiao, has received both the ... ( read original story ...)

Famed investor Carl Icahn couldn’t save an American emblem, Hertz Global Holdings Inc. So why does a Beijing-backed enterprise think it can rescue China’s largest car rental company?   With its ... ( read original story ...)

China's central bank will start buying bank loans made by local lenders to small firms this week to try to prod banks to lend as much as 1 trillion yuan ($140.18 billion) to small businesses amid the ... ( read original story ...)

BEIJING, June 1 (Reuters) - China’s central bank will start buying bank loans made by local lenders to small firms this week to try to prod banks to lend as much as 1 trillion yuan ($140.18 billion) ... ( read original story ...)

The People's Bank of China (PBOC) would also buy some bank loans extended to small firms under the inclusive financing program from June 1 on a quarterly basis, it said in a statement on its website. ( read original story ...)

Economic data shows an improvement but nothing to write home about. Civil unrest, economic gloom, and unprecedented unemployment must be a ... ( read original story ...)

But the rage fueling protests is longstanding, stemming not only from frustrations over racial disparities in criminal justice but economic outcomes, as well. Minority communities already have ... ( read original story ...)