As part of its efforts to foster a greener and more sustainable economy, China, the world’s largest energy producer and consumer, is rapidly reducing the intensity of its energy consumption. In 2021, …
Tagged By banking
China Offers More Forex Hedging Tools in Wake of Yuan Volatility
China’s foreign exchange regulator said on Friday it would offer new derivatives tools to help companies better hedge their currency risks, after recent huge volatility in the Chinese yuan. The State …
2021 Sees Online Charity Donations Soar to 10 Billion RMB in China
Speaking at the China Internet Good Summit on May 20 th, Wang Aiwen, vice minister of China’s Ministry of Civil Affairs, said that in 2021, netizens donated nearly 10 billion RMB …
China Index Holdings Announces First Quarter 2022 Unaudited Financial Results
China Index Holdings Limited (NASDAQ: CIH), (“CIH” or the “Company”), a leading real estate information and analytics service platform provider in China, today announced its unaudited financial …
Indian shares track positive global sentiment after China rate cut
Indian shares rose 3% on Friday in a broad-based rally to log their first weekly gain in six, as investor sentiment around the globe improved after China cut a key benchmark lending rate to support…
China Quietly Increases Purchases of Low-Priced Russian Oil
China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to Reuters, filling the vacuum left by Western buyers backing away from …
China in Talks With Russia to Buy Oil for Strategic Reserves
China is seeking to replenish its strategic crude stockpiles with cheap Russian oil, according to people with knowledge of the plan. This is a sign Beijing is strengthening its energy ties with Moscow …
European shares rally as China c.bank stimulus lifts recovery hopes
European shares opened higher on Friday, as hopes of an economic recovery in major trading partner China were bolstered by more central bank stimulus, but a gauge of regional shares was set to end the…
GLOBALink | Preservation capacity enhanced at China’s seed bank for cold-region crops
The expansion of China’s only seed bank for cold-region crops has been completed recently to raise its seed preservation capacity from 80,000 to 200,000 samples. The crop germplasm bank, located in …
China round-up: PBoC makes big cut on LPR
On Friday morning, the People’s Bank of China released the loan prime rate (LPR), China’s benchmark lending rate, for May. While one-year LPR was unchanged from the previous month at 3.7%, the …
China’s growth, stability serve as regional public goods, says World Bank economist
(Xinhua/Li Bo) “China has become more and more important for this region,” and what happens in China matters for the whole region, World Bank East Asia and Pacific Chief Economist Aaditya Mattoo told …
China cuts 5Y Loan Prime Rate more than expected
China has cut its five-year Loan Prime Rate more than expected while keeping the one-year rate the same. Why? Supporting the property market may be part …
BRICS bank issues 7-bln-yuan bond in China’s interbank bond market
BRICS New Development Bank (NDB) has issued an RMB-denominated bond of 7 billion yuan (about 1.04 billion U.S. dollars) in China’s interbank bond market with a maturity of three years, the bank said …
ADVERTISEMENT
