Chinese Premier Li Keqiang confirmed a gross domestic product (GDP) growth rate target of ‘above 6 per cent’ for this year during Friday’s National People’s Congress. ( read original story …)
Tagged By banking
China Sees Negative-Yielding Bonds in Burst of Friday Trading
Negative bond yields showed up in China on Friday. Three bonds of China Development Bank suddenly saw prices surge — one by more than 200% — within an hour to send the yields on the…
China tells banks to scale back lending to contain financial bubble risks – sources
China’s regulators are telling banks to trim their loan books this year to guard against risks emerging from bubbles in domestic financial markets, said people familiar with the matter on Friday. ( read original story…
China’s economy could double in size by 2035, according to the Bank of America
China could double its GDP by 2035 and become the world’s largest economy by overtaking the US by 2028, the Bank of America’s Helen Qiao told CNBC. ( read original story …)
China shares fall as parliamentary meeting sets conservative growth target
China shares ended a see-saw morning session lower on Friday as investors digested a modest annual growth target set in the premier’s annual work report and a stronger commitment to supporting … ( read original…
6% Growth ‘Manageable’ for China, Professor Pettis Says
Michael Pettis, finance professor at Peking University and senior fellow at the Carnegie-Tsinghua Center, discusses China’s economy and policies. Premier Li Keqiang set a conservative economic growth … ( read original story …)
Factbox: Beijing’s plans to shake up Hong Kong’s electoral system
Beijing has confirmed plans to overhaul Hong Kong’s electoral system at China’s annual meeting of parliament, which started on Friday. The changes will mark the most significant restructuring of the … ( read original story…
China blue-chip index ends lower after Beijing sets conservative growth target
The blue-chip CSI300 index ended down 0.3% at 5,262.80, while the Shanghai Composite Index was nearly unchanged at 3,501.99. ( read original story …)
China Stocks Approach This Year’s Low as Traders Sell Favorites
Mainland traders rushed to offload institutional favorites on Thursday, as concerns about lofty valuations and tightening liquidity conditions sent China’s stock benchmark tumbling by the most in … ( read original story …)
China to cut energy intensity by around 3% in 2021: work report
China will cut energy intensity, a ratio that measures how much is used in driving economic growth, by around 3% in 2021 as it bids to meet long-term climate goals, Premier Li Keqiang said in…
Imax China Loses $26 Million But Claims to Be Strengthened Post-Pandemic
Imax China, the supplier of giant screen cinema facilities and services in Greater China, is one of the purest plays on the mainland Chinese movie exhibition market available to investors. The stock, … ( read…
China’s parliament to delay Hong Kong legislative vote, overhaul electoral system
Elections for Hong Kong’s legislature will likely be deferred for a second year to September 2022 as Beijing plans a major overhaul of the city’s electoral system, a severe blow to remaining hopes of ……
China targets 6% GDP growth after reining in coronavirus
China is targeting at least 6 per cent growth this year, reflecting the government’s confidence in the wake of its successful containment of the coronavirus pandemic in the world’s second-largest … ( read original story…
