China’s central bank on Monday injected 800 billion yuan ($121 billion) in medium-term loans into the banking system and kept borrowing costs unchanged for the seventh straight month. ( read original story …)
Tagged By banking
China commercial lenders told to safeguard asset quality
Commercial lenders must increase their loan loss provisions in advance and dispose of more non-performing loans to prevent further asset quality erosion due to the lingering effects of the Covid-19 … ( read original story…
Chinese Official Says Country Must Ensure Financial Innovation Maintains Fair Competition and Doesn’t Create Oligopolies
Chinese official says country must ensure financial innovation maintains fair competition and not create oligopolies. ( read original story …)
HSBC Has Big Ambitions in China. Westerners Still Dominate Its Board.
The British bank has scaled back in Europe and the U.S. and doubled down on Asia, but that isn’t reflected in its senior ranks. Just two of 14 board members are Chinese. ( read original…
Chinese banking sector’s assets up in first nine months
The total assets of China’s banking sector saw steady expansion in the first three quarters of the year, according to data from the country’s top banking and insurance regulator. By the end of … (…
Legal underpinnings of Beijing’s resolution on unseating lawmakers raises eyebrows among Hong Kong lawyers
The legality of Beijing’s unprecedented resolution allowing for the summary disqualification of four opposition Hong Kong lawmakers has raised concerns among the city’s legal community, even as the … ( read original story …)
Central Bank Warnings, RCEP At Last, U.S.-China Ties: Eco Day
Here’s the latest news and analysis from Economics to help you start the day: Central banks aren’t getting wrapped up in excitement over a Covid vaccine — instead they’re warning of more economic … (…
China’s Baoshang Bank to take $1 billion write down on bond
China’s Baoshang Bank said that it would write down the principal of a 6.5 billion yuan ($984.27 million) tier-two capital bond, nearly a year and a half after the bank’s seizure by regulators. ( read…
China’s Baoshang Bank to take $1 bln write down on bond
China’s Baoshang Bank said that it would write down the principal of a 6.5 billion yuan ($984.27 million) secondary capital bond, nearly a year and a half after the bank’s seizure by regulators. ( read…
China Regulator Vows to Cut ‘Too Big to Fail’ Risk in Innovation
China’s top banking regulator pledged to lower the risk of companies becoming “too big to fail” in financial innovation, suggesting the nation’s biggest technology companies will face increasing … ( read original story …)
China Eases Rules on Insurers’ Investment in Unlisted Firms
China will ease rules to allow insurers to invest in unlisted firms for financial purposes, part of its broader efforts to encourage equity financing. Insurers will no longer be restricted to … ( read original…
As Beijing finally congratulates Biden, China looks towards closer economic ties with the US
But while Beijing is cautiously optimistic that a Biden presidency will be more manageable, Trump will be missed – for reasons ironic and sincere. ( read original story …)
China Ex-Finance Minister Says It’s Time to Consider Exiting Stimulus, Caixin Reports
China’s ex-finance minister said it’s time to consider withdrawing the monetary stimulus injected into the economy this year and fine-tune fiscal policies as the recovery strengthens, according to a … ( read original story …)
