COLOMBO, May 8 (Reuters) – The China-backed Asian Infrastructure Investment Bank is considering granting $100 million in emergency support to Sri Lanka, the country’s finance ministry said on Sunday.
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Sri Lanka in talks for $100 mln emergency funding from Beijing-backed bank
The China-backed Asian Infrastructure Investment Bank is considering granting $100 million in emergency support to Sri Lanka, the country’s finance ministry said on Sunday. We apologize, but this …
Coronavirus: China’s central bank lends support as Shanghai eyes reopening after Covid-19 cases drop for 15th straight day
New infections fell 5.7 per cent 3,975 from the preceding 24 hours, while symptomatic cases slid 15 per cent to 215, city officials said on Sunday China’s central bank asked lenders to grant easy …
China’s forex reserves fall in April on dollar index surge China’s forex reserves fall in April on dollar index surge
An official attributed the decline in China’s forex reserves to the combined impact of the surge in the dollar index and the sharp decline in financial asset prices globally, due to factors including …
China’s Big State Banks to Offer USD240 Billion in New Inclusive Loans to Help Small Firms
China has required large state-owned banks to add CNY1.6 trillion (USD240.4 billion) worth of inclusive loans this year to provide relief to micro, small, and medium-sized companies and self-employed …
As Beijing COVID outbreak proves stubborn, mass tests becoming routine
Millions of Beijing residents queued up for another round of COVID-19 tests on Sunday as China’s capital seeks to trace and isolate every infection to contain a small but stubborn outbreak – and avoid …
Hong Kong’s Finance Chief Says Growth Forecast Cut ‘Inevitable’Hong Kong’s Finance Chief Says Growth Forecast Cut ‘Inevitable’
Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. We take a look at China’s international projects and what they mean for the rest of …
China tells US it will not be scared off by sanctions over Taiwan
The United States will face “unimaginable consequences” if it plays the Taiwan card and Beijing will not be intimidated by sanctions like those on Russia, a Chinese foreign vice-minister has said. Le …
China steers nimble monetary policies to enliven economy
The RRR cut added long-term and stable capital sources for the country’s financial institutions, contributing to maintaining reasonable and sufficient liquidity, Chen said. Since the start of this …
China set to remain world’s largest NEV market, says BMW CFO
China will continue to be the world’s largest new energy vehicle (NEV) market for years to come, said Nicolas Peter, chief financial officer (CFO) and member of the Board of Management of BMW AG, in…
Interview: Green investment to be major growth driver for China, New Development Bank VP says
Green investment and sustainability will be major growth drivers for China in the future, said Vice President and Chief Financial Officer of the New Development Bank (NDB) Leslie Maasdorp on Friday.
International Finance Forum 2022: China and Central Asia to Boost Cooperation on Green Finance and Regional Connectivity
On April 28, as part of the spring meetings, International Finance Forum (IFF) joined hands with Central Asia Regional Economic Cooperation Institute (CAREC Institute) to host an …
China debt: is Beijing using a ‘shadow stimulus’ to shore up flagging economic growth?
Analysts say Beijing is turning to local government borrowing and regional banks to shore up growth, rather than conventional fiscal and monetary policy But Beijing’s zero-Covid target – which relies …
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