The People’s Bank of China, the central bank, will not make any major policy shifts this year and will instead deploy more financial resources to support the real economy, a senior official said ahead ……
Tagged By banking
ANZ Bank to Shift Roles, Cut Jobs at Service Center in China
Australia & New Zealand Banking Group Ltd. plans to cut jobs at a service center in China, shifting some of the positions to India, the Philippines and Australia as part of a global restructuring. (…
A tough-on-China GOP is split on whether to boycott the China Olympics
Some Republicans want to pull out, but others say there are better ways to highlight Beijing’s human rights abuses. ( read original story …)
China turns its back on Bangladesh BRI coal projects
Beijing decision a rare signal of its hesitancy to fund polluting projects as part of the Belt and Road Initiative … ( read original story …)
China Lawmakers Wrap Whirlwind Session Focused on Managing Risks
China will bring its biggest annual political gathering to a close, with Premier Li Keqiang’s once-a-year news briefing in focus, along with a series of votes on Hong Kong that could stoke tensions … (…
China’s low GDP target gives Beijing room to address market risks
Mainland Chinese stocks have tumbled as authorities signaled a shift away from policies meant to keep the economy afloat in the wake of the pandemic. ( read original story …)
China seems to have censored the term ‘stock market’ from social media searches after stocks posted their longest losing streak in 3 months
Reports about the decline in the stock market were largely absent from China’s major financial dailies, which instead focused on President Xi Jinping’s comments about strengthening military and … ( read original story …)
UPDATE 2-China Feb new bank loans fall less than expected as c.bank tapers credit
New bank lending in China fell less than expected in February from January as the central bank seeks to cool credit growth to contain debt risks while maintaining support for ailing small firms. ( read…
Biden has a mandate to compete with China
Since the very start of President Biden Joe Biden DNC beefs up its finance team Pentagon extends … when it comes to the People’s Republic of China (PRC). The indicators are mixed. ( read original…
China’s Stock Rally Is Out of Time
While China’s market isn’t at the level of frothiness seen during the 2015 bubble, risks have been building up. The outstanding amount of margin finance—a main culprit of the market bubble last … ( read…
China economy: new bank loans in February fall less than expected, as ‘real financing demand is very strong’
While the People’s Bank of China has vowed to stabilise the country’s overall debt level, financing demand remains ‘very strong’, including among struggling small businesses. ( read original story …)
Beijing Hit by Heavy Smog; Xi Addresses PLA: NPC Update
Load Error While attending a group discussion of the military delegation during the NPC in Beijing on Tuesday, Chinese president Xi Jinping urged the People’s Liberation Army to be prepared for … ( read original…
China’s ‘two sessions’: Beijing promises level playing field but boosts support for state firms
China has highlighted the fair treatment of all market entities in its new five-year economic plan, as it tries to reconcile development of both private and state firms and fend off criticism from … (…
