Banks in China kept the benchmark loan rate unchanged in July for the 15th straight month, indicating that the central bank is continuing to keep policy stable despite a recent surprise move to add …
Tagged By banking
Experts see promise in China competition bills, but want to see the money too
Both chambers have passed bills to authorize billions of dollars in new spending on technology but appropriators have to offer up the cash.
Republican Lawmakers Push for Digital Yuan Ban at Beijing Games
A trio of Republican senators penned a letter expressing concerns about China using its digital yuan as a way to spy on Team USA.
China shares fall as Beijing stands pat on benchmark lending rate
China shares fell on Tuesday as investors adopted risk-off mode after Beijing kept a benchmark lending rate unchanged despite growing expectations for a cut, while developer Evergrande slumped after …
China’s fiscal revenue up 21.8 pct in H1
China’s fiscal revenue saw a year-on-year increase of 21.8 percent in the first six months of 2021, official data showed on Tuesday. According to data released by the Ministry of Finance, the …
Investors should be wary of China’s credit impulse
This key economic indicator worked during the global financial crisis but has not been a robust guide for investors before or since.
China Evergrande shares tumble after court freezes $20m bank deposits
Shares in the highly indebted developer China Evergrande dropped following a court order freezing the bank deposits of one of its divisions, raising new concerns over the group’s financial health.
DiDi Means War – A Financial Cold War With China
Beijing’s move against DiDi – 2 days after its IPO – shows that China intends to discourage Chinese companies from listing their shares in New York. It appears that Beijing has decided on a …
Evergrande Resumes Downward Spiral as Investors Prep for Crisis
Investor doubts over troubled developer China Evergrande Group turned into panic on Monday as a creditor’s successful demand to freeze some assets showed growing concern over the company’s ability to …
China Signals End to $2 Trillion U.S. Listing Juggernaut
Chinese tech firms have flocked to the U.S. stock market, drawn by a friendly regulatory environment and a vast pool of capital eager to invest in one of the world’s fastest-growing economies.Now, the …
China likely to keep lending benchmark LPR steady in July, outlook divided
China will likely keep its benchmark lending rate unchanged at its July fixing on Tuesday, a small majority of respondents to a Reuters survey believe, but there are growing expectations for a cut …
Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen
China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay …
China loan rate in spotlight as investors seek clues on health of world’s second-largest economy
China’s loan prime rate (LPR), which currently stands at 3.85 per cent, could be lowered for the first time since early last year on Tuesday.
