Liu Kun, China’s minister of finance, made the remarks on Thursday as he attended and co-chaired the 25th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting, which was held via video link.
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Economic Watch: With more opening-up measures in pipeline, China set to remain appealing to overseas investors
Despite multiple unexpected factors rattling global financial market, China has renewed its commitments to further opening its capital market, with pragmatic measures in the pipeline to lure more …
CKGSB Investor Sentiment Remain Pessimistic on China’s Capital Markets
Investors remain pessimistic on China’s A-shares stocks and real estate as investment in precious metals such as gold increases by 10.2%, according to the new quarterly Investor Sentiment survey from …
Coach owner Tapestry cuts profit forecast as China lockdowns bite
Tapestry lowered its full-year profit forecast on Thursday as fresh lockdowns in major market China hurt sales of its luxury handbags and apparel, sending its shares down 4% in premarket trading. The …
China Chalks Up Record Members On Forbes Global 2000 List Despite Covid Fallout, Tech Crackdown
It was also a down year for several other state-controlled financial institutions in the upper rung of the list in recent years. Among them, China Construction Bank fell to No. 5 from No. 4, Ping…
China’s Economic Outlook: COVID Impedes GDP Growth
China has a good track record in this respect: when exports fell during the global financial crisis, for example, the government launched a stimulus package worth RMB¥4 trillion (equivalent to US …
China takes measures to ease companies’ challenges amid epidemic
“Currently, small and micro firms are facing challenges and need stronger support from the government and financial institutions,” said Liu Xingguo, a researcher with China Enterprise Confederation.
Economic Watch: China takes measures to ease companies’ challenges amid epidemic
China has taken various measures to ease the burden that COVID-19 has placed on businesses. Major state-owned banks are expected to increase inclusive loans for micro and small firms by 1.6 trillion …
China scrutiny stymies JD.Com fintech unit’s $2 billion Hong Kong IPO – sources
JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an up to $2 billion Hong Kong IPO because domestic regulatory approval for the listing has not been …
central bank conducts reverse repos to maintain liquidity
BEIJING, — China’s central bank on Thursday conducted 10 billion yuan (1.48 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven …
China’s share of global economy rises to over 18%
China accounted for over 18% of the global economy in 2021, rising from 11.4% in 2012, an official said Thursday. China has both cemented and improved its status as the world’s second-largest economy …
China to roll out new policies when needed to support economy – party official
The People’s Bank of China will step up financial support for the real economy, including lowering financing costs, deputy central bank governor Chen Yulu told the same news conference. (Reporting by …
China to inject $1.5 billion to help state coal-fired power firms
China has pledged to inject 10 billion yuan ($1.5 billion) into its coal-fired power firms to provide financial relief and support their efforts to guarantee power supplies, state media said late on …
