Local governments in China are under pressure to meet unrealistic economic growth goals, and small banks are seeing their asset quality declining as the default risk of their borrowers grows. ( read original story …)
Tagged By banking
China state-owned firms’ Dec profits rise 13.8% y/y – finance ministry
The profits of China’s state-owned firms rose 13.8% year on year in December, according to a notice from the Ministry of Finance. ( read original story …)
China Central Bank Will Back Growth and Watch Debt Risks, Says Governor
China’s monetary policy will continue to support economic growth and the central bank will watch debt and non-performing loan risks, central bank governor Yi Gang said on Tuesday. Speaking at a … ( read original…
China shares end lower amid speculation of policy tightening
China’s blue-chip stock index fell on Tuesday, marking its biggest daily loss since September after touching a 13-year high in the previous session, amid tightening liquidity conditions and Sino-U.S. ( read original story …)
Securities investments between US and China reach US$3.3 trillion in 2020, says report
Recent policy headwinds can hinder future growth in securities investments between the US and China, said a New York-based consultancy. ( read original story …)
UPDATE 1-China’s short-term money rates jump to pre-COVID levels on tighter cash conditions
COVID 19 levels on Tuesday, pressured by the combination of the central bank’s extended net drain of cash from the financial system and higher holiday demand. ( read original story …)
U.S. and China will remain at odds under Biden as Beijing flexes on global stage, trade expert says
The U.S. and China had been growing apart before Trump and that trajectory will likely continue under President Joe Biden, a trade expert told CNBC on Monday. ( read original story …)
China Asset-Bubble Warning Threatens Stock Frenzy in Hong Kong
A chill swept through China’s stock and bond markets on Tuesday after the central bank unexpectedly withdrew funds from the financial system amid warnings about growing froth. ( read original story …)
China’s central bank conducts 2b yuan of reverse repos
China’s central bank on Monday conducted 2 billion yuan ($308.6 million) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the seven-day reverse … ( read original story…
Financing carbon neutrality in China
Estimates say China will need to invest hundreds of trillions of yuan in low-carbon projects in order to achieve carbon neutrality, underlining the need for green finance development In his speech at … ( read…
China should stop setting annual GDP targets, central bank adviser says
China should stop setting annual economic growth targets and instead focus on stabilising employment and controlling inflation as its main macroeconomic policy goals, an adviser for the country’s … ( read original story …)
China’s Xi Calls for Greater Role for G20 in Economic Governance
Speaking at a virtual meeting of the World Economic Forum, Xi said the global recovery from the coronavirus pandemic is “rather shaky” and the outlook remains uncertain. Copyright 2021 Thomson Reuters … ( read original…
Is Jack Ma Helping China Reinforce Communist Regime’s Digital Authoritarianism?
China’s regulators have reiterated that their probe into financial technology giant Ant Group, founded by the beleaguered billionaire Jack Ma, would not undermine the company’s development and was not … ( read original story …)
ADVERTISEMENT
