Colombo has asked for US$1 billion loan to meet repayments and a US$1.5 billion credit line to buy Chinese goods Analysts say Beijing is likely to be cautious but will face pressure to be part…
Tagged By banking
China Puts New Financial Holding Companies in Systemic Risk Management
China’s central bank will include newly approved financial holding companies (FHCs) in its macroprudential management framework to better manage risks in the financial system, a senior official said.
China Liberal Education Holdings Limited Reports Financial Results for Fiscal Year 2021
China Liberal Education Holdings Limited (Nasdaq: CLEU) (“China Liberal,” the “Company,” or “we”), a China-based company that provides smart campus solutions and other educational services, today …
26 million people will be tested in China
In Shanghai, the financial center of China, nucleic acid testing will be applied to the entire city of approximately 26 million people, after the increasing number of cases due to the Omicron mutation …
Analysis-Hawkish Fed and China Lockdowns Threaten Brazil’s World-Beating FX Rally
Even in Brazil’s Economy Ministry, which has trumpeted the jump in foreign investment and perks of a stronger currency for fighting inflation, some officials doubt the trend will …
Cracks Form in Xi’s Armor Amid China’s COVID-19 Lockdown of Shanghai
Shanghai’s citywide lockdown and its subsequent food shortages emerge at a critical moment for Chinese President Xi Jinping.
China sounds alarm on NFTs
A joint statement from China’s banking, securities and internet finance associations said that NFTs could lead to speculative trading, money laundering, and illegal financing. To protect the country’s …
Four Things to Know About China’s Warning on NFT Financial Risks
Three state-backed financial industry associations in China have called on their members to prevent financial risks associated with non-fungible tokens (NFTs), such as masking trades of financial …
Harrop: China’s choice: Russia or U.S.
President Joe Biden warned China that if it helps Russia in its savagery against Ukraine, the U.S. might apply sanctions to Chinese products.
China needs to improve its lending practices: World Bank President
China needs to improve its lending practices in the developing world especially in terms of transparency in the loans it provides according to the World Bank …
China’s banks cut mortgage rates by 20-60 bps since March – central bank
Banks in more than 100 Chinese cities have lowered mortgage rates by an average 20-60 basis points since March，Zou Lan，a central bank official, said on Thursday.Outstanding individual mortgages were …
China central bank to launch 200 billion yuan relending quota for tech innovation
China’s central bank will launch a relending quota worth 200 billion yuan ($31.39 billion) to support tech innovation, with interest rate of 1.75per cent, a central bank official said on Thursday.
China’s Central Bank Vows to Use Policy Tools, Including RRR
The People’s Bank of China will use its policy toolbox flexibly as it aims to ensure sufficient liquidity in the economy, a senior central bank official said, adding hundreds of billions of yuan will …
