That’s why the Bank has acted swiftly and launched a number of initiatives last year to enhance its digital services in response to the crisis. These initiatives included mobile account opening for … ( read…
Tagged By banking
China’s central bank pumps cash into the financial system
China’s central bank pumped cash into the financial system through open market operations on Thursday to maintain liquidity in the market. A total of 200 billion yuan (about $31 billion) was injected … ( read…
Biden’s Trade Rep Nominee Is Well-Versed in Beijing’s Aggression
And thanks to Chairman Xi Jinping’s actions in China, along with former President Donald Trump’s use of unilateral economic leverage—including tariffs—Congress is fully aware that Beijing will not … ( read original story …)
China Launches Fund to Finance Industrial Cooperation with Latin America
China has established a $10 billion fund to set up the Sino-Latin American Production Capacity Cooperation Investment Fund Co. Ltd, aimed at supporting China’s industrial cooperation with Latin … ( read original story …)
Beijing targets fake business loans used by homebuyers
Banking regulators in Beijing have cracked down on individual business loans that are illicitly used by borrowers to personally purchase properties, as China increases efforts to rein in housing … ( read original story …)
China Bank raises P20 billion from bonds
China Banking Corp. raised P20 billion after returning to the domestic debt market through the issuance of three-year peso bonds to bankroll the bank’s strategic initiatives and expansion programs. ( read original story …)
Sale of US government’s Shouson Hill Road property in Hong Kong proceeds after Beijing approves transaction
Hong Kong has approved the sale of one of the United States government’s most valuable assets in the city to local developer Hang Lung Properties, after the US state department obtained permission … ( read…
Sale of US government’s Shouson Hill Road property proceeds after Beijing approves transaction
Hong Kong has approved the sale of one of the United States government’s most valuable assets in the city to local developer Hang Lung Properties, after the US state department obtained permission … ( read…
East Stone Acquisition Corporation Announces Business Combination with JHD Holdings (Cayman)
East Stone Acquisition Corporation (Nasdaq: ESSC) (“East Stone”), a publicly traded special purpose acquisition company (“SPAC”), and JHD Holdings (Cayman) Limited, an innovative merchant enablement … ( read original story …)
China’s Central Bank Drains USD40.3 Billion From Financial System After Lunar New Year
China’s central bank pulled CNY260 billion (USD40.3 billion) from the financial system today, the first day of trading after the Spring Festival holiday. The People’s Bank of China offered CNY200 … ( read original story…
Online Channel, China Helped Valentino Weather Pandemic in 2020
Online sales climbed 62 percent at Valentino and Mainland China retail sales rose 44 percent in 2020, but the effects of the COVID-19 pandemic drove total revenues down 28 percent. ( read original story …)
14 things you may not know about China’s Economy
1. What are China’s trade tariffs and how are they used? Tariffs are extra customs duties imposed on imported goods, usually paid by importers. Learn more 2. What do you need to know about China…
China Rolls Over $31 Billion in Medium-Term Loans to Banks
China provided medium-term funds to lenders on Thursday, giving banks some relief after its cash drainage last month triggered the country’s worst liquidity squeeze since 2015. ( read original story …)
