While enterprises in the service sector are grappling with domestic resurgences of COVID-19, China has rolled out a host of measures to keep their businesses afloat, in an effort to stabilize …
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China’s financial rescue fund may be a game-changer
As President Xi Jinping tries to bring order to Asia’s biggest economy, he’s expanding the central bank’s mandate in ways that may prove …
China’s forex reserves fall by US$26 billion amid ongoing capital outflows following Russian invasion of Ukraine
China’s foreign exchange reserves fell by US$25.8 billion to US$3.188 trillion at the end of March, the State Administration of Foreign Exchange (SAFE) said on Thursday.
China expects long-term capital inflows to return despite recent volatility
A number of foreign investment banks and research institutions pointed out heavier capital outflows from China after the start of Russia’s invasion of Ukraine …
China Fuels Expectations of Policy Rate Cut as Soon as Next Week
China has promised once again to step up monetary support, raising expectations that an interest rate cut or other easing measures could happen as early as next week. Most Read from BloombergCanada to …
China’s role in helping other nations offers example for all
China can be taken as a role model for assisting countries around the world in tackling common challenges with a shared approach and enhancing economic connectivity. Undoubtedly, during the last …
China Stocks Shrug Off Covid Outbreak as Traders Bet on Stimulus
China’s soaring Covid infections are provoking little panic in the stock market, with investors betting that the authorities will unleash stimulus to prop up growth.Most Read from BloombergU.S. Drones …
HSBC lifts stake in China securities venture to 90%
HSBC Holdings PLC boosted its holding in its Chinese securities joint venture to 90% from 51%, the latest in a series of moves by global banks to take greater ownership of investment-banking …
China solicits opinions on draft financial stability law
China has unveiled a draft law on financial stability, which is open for public opinions starting from Wednesday, the central bank said. The draft, jointly compiled by the People’s Bank of China (PBOC …
China issues draft financial stability law to prevent systemic risks
China on Wednesday issued a draft law on financial stability in a bid to further strengthen safety nets to prevent systemic financial risks in the world’s second biggest economy.China will establish a …
Germany warns against over-reliance on China trade
FRANKFURT: German Finance Minister Christian Lindner voiced concern on Wednesday (Apr 6) over his country’s heavy reliance on trade with China, saying Europe’s top economy needed to “diversify” its …
China to Set Up Fund to Rescue Troubled Financial Firms
China will set up a fund to provide support to troubled financial firms as risks to the economy grow. The stability fund will be set up with capital from financial institutions and get liquidity …
HSBC buys bigger stake in its China securities venture
HSBC said on Wednesday it had increased its stake in its China securities brokerage, through a deal to buy equity from its state-owned partner Qianhai Financial Holdings.
