The dollar was firm ahead of U.S. inflation figures, which could settle the course of interest rates, while the yuan was nursing its sharpest drop in months.
Tagged By banking
China Tries to Manage Global Message on Evergrande Collapse
A barrage of commentary from China’s top institutions shows authorities are stepping up efforts to manage the international message on China Evergrande Group’s collapse — even if the developer itself …
China financial pledge down 33%, yet to commit to Malawi
Ministry of Finance says Treasury is yet to get feedback on whether China will fund some government projects in the country. The sentiments come in the wake of a 33 percent cut in China’s financial…
China Supports Debt Issuance by Developers to Fund Acquisitions – Sec Times
A Chinese self-regulatory body overseeing the interbank market will support debt issuance by qualified developers to fund acquisitions of real estate projects and finance completion of unfinished …
China’s Central Bank Is Under Pressure, but to What End?
China’s central bank is under increasing political pressure, but that probably doesn’t spell an end to priorities like curbing the growth of bad debt.
China’s Key Economic Meeting to Focus on Supporting Growth
China’s top leaders are set to convene this week to decide the economic agenda for 2022, and analysts are expecting the focus to shift to supporting growth from deleveraging and regulatory crackdowns.
Evergrande Crisis Won’t Hurt Hong Kong Investors, China’s Bank Chief Says
The rights and the interest of [Evergrande’s] creditors and shareholders will be fully respected, in accordance with their legal seniorities,” said governor Yi Gang.
China’s central bank tightens control to restrain currency’s rise
China’s central bank is trying to restrain the rise of the yuan after the currency hit a 2 1/2-year high against the dollar. Commercial banks were ordered Thursday to increase the amount of their …
China Moves to Curb Yuan’s Gain by Lifting FX Reserve Ratio
China forced banks to hold more foreign currencies in reserve for the second time this year, its most substantial move yet to rein in the surging yuan after it strengthened to the highest in three…
China’s Evergrande Defaulted on its Debt – What Does That Mean for the US Economy?
China Evergrande, the Chinese property developer, has defaulted on its debt, according to Fitch Ratings. See: Why Everyone is Talking About Evergrande: The Chinese Giant Driving Global Selloff Fears …
China’s Evergrande Group Has Officially Defaulted on US Debt With No Bailout in Sight
After teetering on the brink of collapse for months, Chinese real estate giant Evergrande Group has officially defaulted on its dollar bonds, New York-based Fitch Ratings declared on Thursday. Fitch …
Regulators affirm Hong Kong’s role as China’s link to the world, underscoring city’s status as financial hub
Top financial regulators in Hong Kong and China on Thursday reaffirmed the city’s role as an international financial centre.
Beijing Puts People’s Bank of China on Notice; Rate Decisions by Central Banks in Canada and Brazil Diverge
The People’s Bank of China is under scrutiny by Beijing, part of President Xi Jinping’s push to curb capitalist forces in the economy.
