A vocal advocate of Chinese government reform living in the U.S. said that several banks have frozen his accounts back home, in another sign that Beijing is stepping up pressure on overseas dissidents … (…
Tagged By banking
China Market Update: Bilibili Q3 Gets Jiggy, JOYY Goes On The Offensive
Asian markets had a mixed performance as coronavirus cases appear to be rising globally, weighing on sentiment against the backdrop of vaccine hopes and implementation timelines. The Hang Seng was off … ( read original…
China tweaks global yuan strategy in signal of growing caution
China has tweaked one word in its policy to internationalise the yuan, a change that analysts see as a sign of Beijing’s new-found caution in promoting the international use of the currency. In a ……
Tanzania cenbank places China Commercial Bank Ltd under management
The central Bank of Tanzania (BOT) said on Thursday it had put Dar es Salaam-based China Commercial Bank Ltd under statutory administration for failure to meet capital adequacy requirements. DAR ES … ( read original…
China’s banks seen keeping benchmark loan rate steady for 7th month
China’s loan prime rate (LPR) – a reference rate set monthly by 18 banks – is likely to remain unchanged for a seventh straight month at its November fixing on Friday, a Reuters survey of…
China’s Next Default Pressure Point Comes Closer
Beijing wants to keep troubled local debt vehicles at arm’s length. This determination will be put to the test. ( read original story …)
Xi Says China Won’t Seek to ‘Decouple,’ Pledges to Cut Tariffs
including the U.S. Trade tensions between China and the U.S. have escalated in the last two years. While the two countries reached a “phase one” trade agreement in January, their differences have … ( read…
China’s Booming Exports Mean Beijing Can Handle Strong Yuan
That’s a reversal from last month, when authorities made it cheaper to bet against the yuan and eased some control over the exchange rate, moves that were interpreted as part of Beijing’s effort to ……
China sells first sovereign bond at negative interest rate, taking advantage of record low borrowing costs to raise capital
The bank has maintained it has a “good ongoing working relationship” with the Ministry of Finance and is a “leading foreign bank” for the issuance of G3 debt in mainland China. ( read original story…
China Shifted Some Borrowing to Companies as It Fought the Pandemic
Corporate borrowing had moderated in China but rebounded this year, driving a surge in the country’s debt-to-GDP ratio, according to a report by the Institute of International Finance. ( read original story …)
HSBC is in from the cold as China’s finance ministry adds bank in latest €4 billion bond sale after previous exclusion
HSBC is one of a dozen banks chosen to manage the latest international sale of Chinese sovereign bonds after it was left off a dollar-denominated sale last month for the first time since the country…
Beijing backs G20 debt relief programme
China will continue to support the Group of 20’s debt treatment framework for low-income countries, helping them ease potential solvency risks and promote post-pandemic economic recovery, Finance … ( read original story …)
PBoC drains liquidity from banking system
China’s central bank drained liquidity from the banking system through open market operations yesterday. The People’s Bank of China (PBoc) injected 50 billion yuan (about US$7.6bil) into the market … ( read original story …)
ADVERTISEMENT
