This comes amid concerns of western sanctions following Russia’s invasion of Ukraine. . Read more at straitstimes.com.
Tagged By banking
China’s central bank conducts 300 bln yuan of reverse repos
China’s central bank Monday conducted 300 billion yuan (about 47.45 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the 7-day reverse repos …
China stays firm on zero-COVID as lower growth looms
Beijing remains determined to prevent the virus spreading, partly because President Xi Jinping has invested significant political capital in the strategy.
China’s Stimulus Fails to Jolt Construction in Blow to Economy
A widely-anticipated push by China’s government to boost construction in order to stabilize growth in the world’s second-largest economy has yet to materialize, a blow to hopes that Chinese stimulus …
Traders count on China’s ‘two sessions’ to reverse stock market decline as delegates set to endorse policy loosening to spur growth
Beijing will make stabilising growth the top priority at the upcoming NPC and CPPCC gatherings, investment banks predict Money managers see opportunities in property developers, household appliance …
Global Banks Lose Juicy Fees as China Junk Bond Drought Drags On
High-yield bond sales in Asia are off to their slowest start in six years as China property developers remain largely shut out of the market, dealing a blow to the top arrangers of these deals…
Bit by bit, central bank digital currencies like China’s will eat into US dollar hegemony
These CBCDs, which will soon include the Russian rouble, are likely to finance a good deal more bilateral trade, thus weakening the US dollar’s role in trade While the dollar will still carry weight …
Sanctions on Russia’s Central Bank Deal Direct Blow to Country’s Financial Strength
FRANKFURT—Targeting the reserves held by Russia’s central bank is potentially the most powerful weapon in the West’s financial arsenal, and takes aim at the heart of Russia’s financial system. It is a …
China to fund infrastructure projects for a greener world
China has invested in infrastructure projects around the world since the 1970s but a coherent policy for infrastructure investment first appeared in 2013.
View: China will have to reevaluate its relations with Russia and its position in the world after Ukraine
China and Russia, both authoritarian powers, share a common distrust towards the US and are battling Washington’s diminishing influence in their own ways. The two countries work together in UN-led …
Has China Turned its Back on ‘Best Friend’ Russia?
China refused to join its close friend, Russia, in vetoing a U.S.-backed resolution in the U.N. Security Council deploring Russia’s attack on Ukraine. China abstained on the motion but also made …
China’s lottery sales down 13.8 pct in January
China’s lottery ticket sales reached 30.82 billion yuan (about 4.87 billion U.S. dollars) last month, down 13.8 percent year on year, data from the Ministry of Finance showed. Sales of lottery tickets …
China so far not helping Russia evade Western sanctions, US official says
China so far does not appear to be helping Russia evade Western financial sanctions on Moscow over its invasion of Ukraine, but doing so would “do profound damage” to China’s reputation, a senior …
