Lorraine Tan from Morningstar sees pockets of value in stocks outside of the U.S. She explains why she likes China banks and Macau gaming sector and shares the top picks. ( read original story …)
Tagged By banking
China conducts first central bank bills swap in 2021
The People Bank of China the central bank said it will conduct this year first central bank bills swap CBS operation on Friday … ( read original story …)
China’s central bank conducts 100 billion yuan of reverse repos
China’s central bank on Friday conducted 100 billion yuan (about 15.45 billion U.S. dollars) of reverse repos amid rising fiscal expenditure at the end of the month. The move aims to maintain … ( read…
Financial inclusion in China: An indispensable tool for poverty alleviation
The outcome of implementing evidence-based economic policies has been extremely rewarding for China, especially in achieving targets for poverty eradication. Notable among these essential economic … ( read original story …)
The Rise of Consumer Finance in China to Bolster Consumption
Fitch Ratings expects rising consumer lending activity in China to support consumption growth, despite near-term regulatory tightening for online microloans (OM). Corporates’ increasing exposure to … ( read original story …)
CBDCs: China’s Digital Currency Might Raise Financial Privacy Issues, National Security Concerns, Political Power Challenge for US
CBDCs: China’s digital currency might raise financial privacy issues, national security concerns, political power challenge for US. ( read original story …)
China’s short-term money rates rise for fourth day, approaching interest rate ceiling
China’s short-term money rates climbed for a fourth straight day on Thursday, with some key tenors approaching the higher end of the interest rate corridor, as tight cash conditions persisted and … ( read original…
China Won’t Exit From Stimulus Prematurely, PBOC’s Yi Says
China’s central bank won’t exit “prematurely” from its supportive monetary policies while at the same time keeping debt risks under control, Governor Yi Gang said. ( read original story …)
China c.bank says time was ‘ripe’ to scrap credit card interest rate limits
China’s central bank said on Thursday it had scrapped the upper and lower limits on banks’ credit card interest rates because the time was “ripe” to do so and it would help the lenders develop…
China’s Digital Yuan Reported To Be Ultimate Financial Censorship Tool
In a new report released yesterday by the Center for a New American Security, evidence of a 2018 PowerPoint presentation in China indicates what many may already have suspected – central bank digital … (…
China central bank policymaker says fintech needs regulation just like banks
Pan Gongsheng, deputy governor of the People’s Bank of China, said in a Financial Times op-ed fintech companies need to be regulated as financial institutions. ( read original story …)
China Is Crushing Leveraged Traders With Liquidity Withdrawals
China’s central bank is winning the battle against leverage, yanking billions of funds from the financial system and crushing a popular trade in the bond market. ( read original story …)
UPDATE 1-China 2020 fiscal spending up 2.8% y/y, revenue falls 3.9%
China’s fiscal revenue fell 3.9% in 2020 from a year earlier, while expenditure rose 2.8%, the finance ministry said on Thursday, underscoring the difficulties in government finances amid the COVID-19 … ( read original story…
