China’s Long March 5B rocket crashed back to Earth on Sunday morning, landing in the Indian Ocean just west of the Maldives, the China Manned Space Agency announced. Most of the debris from the rocket…
Tagged By banking
China’s outstanding loans to private businesses up 29 pct
China outstanding loans to individual businesses stood at 54 trillion yuan about 8349 billion US dollars at the end of March a …
China to Extend Financial Relief for Small and Micro Companies
China will extend financial relief measures for small and micro businesses, the Ministry of Finance said in a statement. Provinces and regions will be encouraged to lower loan guarantee costs for …
China Bank declares P2.69-B cash dividend
China Banking Corporation has declared cash dividends amounting to P2.69 billion or P1.00 per share. During the firm’s annual stockholders’ meeting, the China Bank Board of directors said this is …
Nepal to airlift oxygen cylinders from China for COVID-19 patients
Nepal is preparing to take delivery of oxygen cylinders from China early next week as the Himalayan country faces an acute shortage of oxygen due to growing needs of COVID-19 patients, Nepali …
China Bank declares P2.9-B cash dividend
China Banking Corporation has declared cash dividends amounting to P2.69 billion or P1.00 per share. During the firm’s annual stockholders’ meeting, the China Bank Board of directors said this is …
Adidas shrugs off China boycott call to raise outlook
By Emma Thomasson BERLIN (Reuters) -German sportswear company Adidas sees only a short-term impact from Chinese calls in March for a boycott of its products, raising its 2021 sales forecast on Friday …
Dovish RBA and rising Canberra-Beijing tensions to restrain AUD’s performance – Rabobank
“Compared to its peers, the RBA is very candid in its acknowledgement that QE plays a pivotal role in lowering the value of the exchange rate,” note Rabobank analysts. Key quotes …
Margin pressure at China’s major banks may ease as economic SOS wanes
The largest banks in China may see easing pressure on their net interest margins, after they stayed in contraction in the first quarter, as lenders may extend fewer loans at the cheapest interest …
China’s African take-over: How Beijing has built infrastructure, lent billions and located its first overseas military base there – as top US general warns more could follow in …
General Stephen Townsend, America’s top brass in Africa, warned this week of a new Chinese naval base in Africa that he said would allow it to project power across the Atlantic.
April: China’s forex reserves rise
China’s foreign exchange reserves expanded to $3.1982 trillion at the end of April, official data showed on Friday. The total was up by $28.2 billion, or 0.89 percent, from the end of March, according …
Banks continue to “block” cryptocurrency – CITIC Bank joins the growing list
While the use of cryptocurrencies continues to gain attention, it is facing resistance from many governments. Banks in different parts of the world have their …
China’s underlying inflation is not a big worry: Analyst
Steven Sun from HSBC Qian Hai explains why China’s inflation is still well contained even as the economy rebounds from the pandemic.
