China’s central bank chief vowed to stabilize the supply of credit and boost the amount of money supporting smaller businesses and the real economy, after both credit and economic growth slowed in …
Tagged By banking
Kenya banking on China-built port to become transshipment hub
NAIROBI – Kenya will leverage Chinese-built Lamu port to become a regional transshipment hub, stimulate local manufacturing and create additional jobs, senior officials have said. Ukur Yatani, cabinet …
Why the next move for China’s interest rates should be up, not down
This is not the moment for China to cut interest rates. With the US Federal Reserve looking likely to tighten monetary policy fairly soon, it’s safe to say that China has already reached the bottom…
China’s yuan flat as dollar recovers ahead of Jackson Hole
China’s yuan was steady against the U.S. dollar on Tuesday as the greenback emerged from its biggest one-day fall since May, but moves were muted ahead of a Federal Reserve symposium that could shed …
Bank of America – Beijing Embraces ‘Moral Hazard’ – The Huarong Bailout Was The Right Move
Find the latest Bank of America Corporation (BAC) stock quote, history, news and other vital information to help you with your stock trading on FintechZoom.
China Stocks Can Shrug Off Crackdown to Reclaim Highs, MSCI Says
MSCI Inc., the world’s biggest index provider, says Chinese stocks may be able to shrug off concerns caused by Beijing’s regulatory crackdown and again reach record highs. Regulatory compliance has …
Fitch Affirms China Construction Bank (New Zealand) at ‘A’; Outlook Stable
Fitch Ratings has affirmed China Construction Bank (New Zealand) Limited’s (CCB NZ) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘A’. The Outlook is Stable. At the same time, …
Foreign investors increase holdings of Chinese financial assets
Foreign investors are still increasing their holdings of Chinese financial assets, International Financial News reported on Monday. Foreign investors value long-term economic growth and capital market …
Beijing Embraces ‘Moral Hazard’ – The Huarong Bailout Was The Right Move
Sometimes, there are reasons to backstop a failing enterprise. A Huarong default in the dollar bond market would have risked wider damage to China’s strategic agenda in Global Finance.
Hong Kong must speed up economic development and integration with nation, Beijing officials warn lawmakers
After losing so much time to political infighting, Hong Kong needs to roll up its sleeves and focus on moving forward, Huang Liuquan of the State Council’s office overseeing the city’s affairs tells …
China’s War on Social Inequality Could Actually Lift Emerging Markets
A plan to bolster the Chinese middle class signals a shift away from corporate profitability. That means some investors could look for other places to put their money.
China Hints At Giving Financial Aid To Afghanistan Amid Global Pushback
China on Monday hinted at stepping up financial assistance to the Taliban-controlled Afghanistan, saying it will play a “positive role” in helping the war-ravaged country amid global pushback to stop …
China Isn’t An Economic Superstar
Long-time readers know that I periodically pour cold water on the notion that China is an economic superstar.Yes, China did engage in some economic liberalization late last century, and those reforms …
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