China’s gigantic services sector just contracted … That includes Shanghai — the nation’s leading financial center and a major manufacturing and shipping hub. The city has been under …
Tagged By banking
DUP Millions in Beijing urged to work from home to fight Covid
But Feng Yinhao, a massage parlour employee in Chaoyang district, said Beijing was “still normal” compared to the country’s largest city, Shanghai. Authorities have been treading cautiously since an …
WRAPUP 1-Beijing returns to work after 5-day break on high alert for COVID
BEIJING/SHANGHAI, May 5 (Reuters) – Beijing returned to work on Thursday after a five-day Labour Day holiday with China’s capital on high COVID alert as it tries to eradicate an outbreak it has …
China’s yuan firms on stronger fixing, c.bank seen prioritising stability
China’s yuan returned from a three-day market holiday slightly firmer on Thursday as the central bank set a stronger fixing, and as the dollar stepped back on diminished expectations for aggressive …
China central bank conducts reverse repos to boost liquidity
BEIJING, May 5 (Xinhua) — China’s central bank on Thursday conducted 10 billion yuan (1.52 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for …
Bank of America picks Asia-Pacific stocks to sell partly because of high revenue exposure to China
Here are Wednesday’s biggest analyst calls of the day: Starbucks, Lyft, Carvana, Uber, Target & more Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more…
Shanghai’s financial system helps firms restart
An employee of the Shanghai branch of Industrial and Commercial Bank of China works at the office. [Photo/Xinhua] With its citywide lockdown, Shanghai’s financial professionals and regulators have …
CX Daily: Five Things To Know About China’s Draft Rules On Local Financial Institutions
China’s central bank issued a set of draft regulations to tighten up supervision of local financial institutions, but some proposed rules have raised concerns among industry insiders. The draft …
Profit Taking Expected For China Stock Market
Closer to home, China will see April results for its services and composite … provider of content for a wide array of subjects across several platforms. RTT’s Financial Newswire is relied upon by …
Did China Just Signal It’s Going To War?
China held an emergency meeting to examine how it could protect itself from potential future sanctions, the Financial Times reported on Monday. “I’m surprised that it took them so long to figure out …
China will also have to fall in line with SL’s debt restructuring process: CB Governor
However, when he called on Finance Minister Ali Sabry at the Finance Ministry this Monday, he reassured China’s unstinted support in resolving the economic crisis while stressing that they support the …
Five Things to Know About China’s Draft Rules on Local Financial Institutions
China’s central bank has issued a set of draft regulations to tighten up supervision of local financial institutions, but some proposed rules have raised concerns among industry insiders. The draft …
China’s central bank steps up support for clean, efficient coal use
BEIJING, May 4 (Xinhua) — China’s central bank on Wednesday announced that it has increased the targeted re-lending quota for the coal industry by another 100 billion yuan (about 15.11 billion U.S.
