The People’s Bank of China said it would lower the amount of funds banks have to set aside, replenishing liquidity into the financial system in a bid to support the economy and cut financing costs…
Tagged By banking
China central bank cuts reserve requirement ratio as economy slows
The People’s Bank of China will reduce the reserve requirement ratio by 0.5 percentage point for all banks except those that are already on the lowest level of 5%, according to a statement …
China’s central bank to cut RRR by 50 basis points on Dec 15
China’s central bank announced Mon to cut financial insitutions’ reserve requirements by 50 basis points, effective from Dec 15.
The week in review: Beijing calms market on Evergrande risks
This round-up focuses on the attempts of various Chinese regulators to control the damage from China Evergrande Group’s debt woes …
China’s government is stepping in to help Evergrande deal with its debt, as it has with previous large-scale corporate clean-ups
This comes after Evergrande said in filing to the Hong Kong Stock Exchange there was “no guarantee” it would have enough funds to meet debt repayments.
Credit Suisse PB Is ‘Neutral’ on China, Sia Says
Selina Sia, head of Greater China equity research at Credit Suisse Private Banking, discusses the outlook for Chinese stocks, the economy and policies. She speaks with Yvonne Man and Bloomberg …
Didi Sends Warning to China Investors Who Bet Worst Was Over
Even by the volatile standards of Chinese stocks, the swings in Didi Global Inc. on Friday were extraordinary.Most Read from BloombergThe Hot New Trend For Hedge Funds Is—Finally—Female …
Didi Sends Warning to China Investors Who Thought Worst Was Over
Even by the volatile standards of Chinese stocks, the swings in Didi Global Inc. on Friday were extraordinary.Most Read from BloombergThe Hot New Trend For Hedge Funds Is—Finally—Female …
Will China and its E7 emerging economies render the G7 a redundant clique?
The Emerging 7 (E7), which is made up of Brazil, Russia, India, China, Mexico, Indonesia and Turkey, is not an actual forum or alliance like the Group of 7 (G7), but a concept created by…
Moody’s affirms China Bank’s investment grade rating
Moody’s Investors Service has affirmed the investment grade rating of Sy-led China Banking Corp. on the back of the significant improvement in the bank’s capital and profitability. The debt watcher …
Time for a permanent tax break for China’s Covid-hit small businesses, former mayor says
China should use tax breaks to support small businesses, tackle income inequality and unleash household consumption, a former senior official said on Saturday. Former Chongqing mayor Huang Qifan told …
China to deepen financial opening-up amid closer regional cooperation
As a firm practitioner of financial opening-up, China has made its propositions on widening its opening-up amid closer regional financial cooperation in Asia to promote sustainable economic recovery …
Hong Kong has ‘no basis to exist’ as a special region without Chinese constitution’s authorisation, finance chief Paul Chan warns
Financial Secretary Paul Chan’s comments echo those of Beijing’s top official in Hong Kong the previous day Hong Kong would have “no basis to exist” as a special region of China without the …
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