China will be able to achieve economic growth of around 5.5% in 2022, an adviser to the government’s cabinet said on Friday, making a rosier prediction than markets expect as recent data have pointed …
Tagged By banking
Beijing launches ‘time bank’ for volunteers to save up hours for care in their old age
The city of Beijing will introduce a “time bank” where an adult can earn credit by caring for the elderly, which can then be cashed in to receive care themselve …
China central bank signals policy easing: What it means for Singapore and Asia
Covid-19 policy and an ongoing regulatory crackdown on businesses may limit move. . Read more at straitstimes.com.
China caps weekly policy easing blitz with fresh rate cuts
China’s central bank said on Friday it has cut interest rates on another key monetary policy tool, capping off a week of easing measures that underscore official concern about a darkening outlook for …
TikTok Owner ByteDance’s Revenue Growth Slowed Last Year Amid China Clampdowns
Facing challenges at home, the Chinese social-media giant is banking increasingly on TikTok to drive growth abroad.
China Southern Asset Management Wins Innovation Award for Sustainable Development
On December 23, the 2022 CAIJING Sustainable Development Summit Forum and Evergreen Award Presentation Ceremony was held in Beijing. At this forum and ceremony, Southern Asset Management won the …
China Urges Banks to Boost Lending After Slow Start to 2022
China is quietly urging banks to increase lending after a slow start to the year, ramping up efforts to combat the weakest economic expansion since early 2020.
China Sees Smaller Spillover Impact From Fed Moves Than Before
A Chinese foreign exchange official said U.S. monetary tightening may cause less severe spillover effects than in the past, downplaying concerns about potential capital outflows as Beijing embarks on …
Sunac China Downgraded on Consecutive Days: Evergrande Update
Sunac China Holdings Ltd. saw its credit rating cut further into junk territory by S&P Global Ratings, matching the day-earlier downgrade by Fitch Ratings amid concerns about the developer’s funding …
China round-up: Beijing eases up with LPR cut
LPR was recently dropped to 3.8% from 3.85% in December 2021, the five year LPR has not moved since April 2020. A cut in LPR was widely anticipated, after the People’s Bank of China (PBoC)…
Amundi’s China wealth JV garners $11 bln in 15 months since launch
Europe’s largest asset manager Amundi has garnered more than $11 billion of assets from Chinese investors since it became the first foreign-controlled joint venture (JV) to launch operations in the …
China set to cut interest rates on standing lending facility loans – sources
China will on Friday cut the interest rates on a key monetary policy tool by which financial institutions can obtain temporary liquidity from the central bank, three sources with direct knowledge of …
China Seen Cutting Rates Once More Before July, Analysts Say
China’s central bank will further ease monetary policy in the first half of 2022 to stave off headwinds and ensure economic stability, according to a Bloomberg survey of economists.Most Read from …
ADVERTISEMENT
