The Cross-Border Interbank Payment System (CIPS) related facilities would improve Pakistan’s banking sectors to accelerate trade and investment opportunities in the CNY (Chinese Yuan Renminbi), said …
Tagged By banking
Australia’s central bank extends swap deal with China counterpart
Australia’s central bank extended a currency swap agreement with its Chinese counterpart earlier this year even as mounting trade tensions deadlocked talks between the countries’ governments.
Financial stability key to a solid recovery
In the recently released World Economic Outlook, the International Monetary Fund has warned that uneven COVID-19 vaccine rollout could divide the global economy with high-income countries continuing …
China’s Overnight Repo Rate Slides After PBOC’s Liquidity Boost
China’s overnight borrowing costs slumped as the central bank continued to add cash to a banking system strained by tax payments, local-government debt issuance and fading monetary easing hopes.
HSBC Upgrades China Stocks to Overweight in Rebuff to Bears
HSBC Holdings Plc analysts upgraded their call on Chinese stocks to overweight, saying investors had become too bearish on a market that now offers value in real estate, industrials, healthcare and …
China Plans Limits on Coal Prices in Fix for Energy Crisis
China is considering setting new limits on movements in coal prices that could help ease the nation’s energy crisis, though would threaten to curb profits in the sector.Most Read from BloombergCities’ …
China coking coal futures fluctuate wildly on market intervention fears
Dalian coking coal and coke futures moved in and out of positive territory on Tuesday, mirroring market unease over regulatory intervention in China to tame surging prices of coal in particular.The …
HSBC rides out China property storm with 74% profit jump, $2 billion buyback
HSBC shrugged off concerns about pandemic-related bad loans and property problems in China on Monday with a surprise 74% quarterly profit jump and a $2 billion share buyback. The British bank’s profit …
Beijing’s Two Zones Boost Opening Up, Heralding a Better Future
Beijing has been strengthening its opening up process by working on the creation of a new national-level zone for the services sector and a pilot free-trade zone, having completed most of the tasks …
China Plans New Limits on Coal Prices in Fix for Energy Crisis
China is considering setting new limits on movements in coal prices that could help ease the nation’s energy crisis, though would threaten to curb profits in the sector.Most Read from BloombergCities’ …
China Supply Chain Risk Gives Little-Known Indian Stocks a Boost
China’s darkening supply-chain clouds have brought a silver lining to some lesser-known Indian stocks, in particular those which stand to benefit from expanding global supplier lists as well as the …
Beijing presses McDonald’s to support digital yuan in time for Winter Olympics
China is pressing the fast-food retail chain McDonalds, Visa, and Nike to support the digital yuan in time for the Beijing Winter Olympics in February 2022. A large number of McDonalds restaurants in …
China’s central bank conducts 200 bln yuan of reverse repos
China central bank Monday injected 200 billion yuan about 313 billion US dollars into the financial system via reverse repos …
