China’s new bank loans leapt to new highs in January boosted by seasonal demand, while broad credit growth slowed, as the central bank walks a tightrope between supporting a recovering economy and … ( read…
Tagged By banking
Japan wants G7 finance chiefs to ‘thrash out’ digital currency policy at talks as China trials continue
G7 nations have been cautious about China’s lead in issuing a digital currency, as it could threaten the long-standing international position of their conventional currencies. ( read original story …)
China’s central bank stresses stability over ‘sharp turns’ for next-phase monetary policy
A view of the PBC’s headquarters in Beijing Photo: cnsphoto China’s central bank or People’s Bank of China (PBC) disclosed in a policy report on Monday night that it would aim for stability in ……
China’s central bank reiterates stability in monetary policy
China’s central bank has reiterated that it will prioritize stability in its monetary policy and avoid making sudden shifts. The prudent monetary policy will be more flexible, precise, reasonable and … ( read original story…
US-China relations: threat of financial war fading as investors eye returns from likes of Kuaishou, Agora
A financial war between the world’s two largest economies is unlikely to happen after a series of events in the past few days cooled the possibility of a financial decoupling between China and the ……
China central bank says monetary policy to be flexible, targeted
China’s central bank on Monday said its prudent monetary policy would be flexible, targeted and appropriate, with no sudden shifts, as it pledged to continue with interest rate reform. ( read original story …)
Beijing is partnering with SWIFT to accelerate the adoption of the digital yuan internationally
The Chinese government decides to merge with the interbank payment system SWIFT (Society for Worldwide Interbank Financial Telecommunication). Behind this collaboration between SWIFT and the Digital … ( read original story …)
China’s January yuan loans seen at record high, central bank to cool credit growth in 2021: Reuters poll
China’s new bank loans are expected to surge to a record high in January on a seasonal boost, a Reuters poll showed, while credit growth may be constrained by some marginal tightening of monetary ……
China’s new anti-monopoly rules are long-term positive for financial markets: State Street
China’s new anti-monopoly rules targeting tech giants could cause some short-term market volatility, but investors would eventually embrace them as it helps with transparency, says Daniel Gerard of … ( read original story …)
Allianz registers asset management firm in Beijing
The first wholly foreign-owned insurance asset management company in China, Allianz Insurance Asset Management Co, registered in Beijing on Sunday, waiting for the final approval from financial … ( read original story …)
China’s central bank conducts 110 bln yuan of reverse repos
China central bank on Monday conducted 110 billion yuan about 1701 billion US dollars of reverse repos to keep liquidity stable … ( read original story …)
China Arrests Australian TV Anchor on National Security Charge
China has formally arrested an Australian citizen who was formerly a news anchor for Chinese state television, escalating a case that has contributed to tensions between Beijing and Canberra. ( read original story …)
China Hedge Funds Add $200 Billion, Trouncing Wall Street
China’s army of tiny hedge funds are pulling further ahead of their better-known foreign competitors with outsized gains helping them attract more assets. ( read original story …)
