China’s central bank issued on Friday a draft of revisions to laws for commercial banks, improving the mechanisms of risk disposal and market exit for lenders, it said, and set a Nov. 16 deadline for…
Tagged By banking
China supports G20 proposal to extend debt relief to poor countries: PBOC head
China supports a G20 proposal to further extend debt relief to poor countries, the head of its central bank, Yi Gang, told a G20 videoconference on Thursday, according to a statement on the central ……
Behind the Stability in China’s Currency: Beijing’s Hidden Hand
The People’s Bank of China doesn’t appear to be actively intervening in the market. But that may not mean much if China’s state-run commercial banks are intervening on its behalf, writes. ( read original story…
China’s non-financial ODI down 0.6% in Jan-Sept
BEIJING – China’s non-financial outbound direct investment (ODI) went down 0.6 percent year-on-year in the first nine months of the year, official data showed Friday. The ODI amounted to 551.51 … ( read original story…
China is open to taking on more debt if that’s what it takes to support the economy
Covid-19 hit China early this year just as the country was in the early years of attempting to cut its reliance on debt for growth. Total Chinese debt across household, government, financial and … (…
China hits back at US threat of sanctions on int’l financial institutions over Hong Kong
China on Thursday expressed firm opposition to and denunciation of the U.S. side creating the so-called “Hong Kong Autonomy Act,” and sanctioning Chinese personnel based on it, vowing countermeasures … ( read original story …)
China is a critical, but overlooked, component of the 2020 election
Like it or not, the US is going to have to confront China, which believes Western democracy must be destroyed. ( read original story …)
Bank of Japan official downplays fears over China’s digital currency
No single digital currency will dominate global transactions if central banks strive to enhance their own settlement systems, a senior Bank of Japan official said, brushing aside fears China’s rapid … ( read original story…
Digital Transformation And Its Impact On Finance And The Banking System
During this pandemic, we are becoming aware of the strong need for a massive digital transformation that allows the banking system to consciously and responsibly take care of customers, account … ( read original story…
China’s Households Are Shouldering the Burden of Its Recovery
The nexus between banks, households and real estate has helped lift the Chinese economy back from the pandemic, but it compounds the country’s vulnerabilities too. ( read original story …)
China Raises $6 Billion as U.S. Investors Look Past Political Tensions
“The successful issuance of the U.S. sovereign bonds has helped establish and improve a yield benchmark of more market significance for Chinese issuers,” China’s finance ministry said in a statement. ( read original story …)
China sovereign bond sale attracts US$27 billion in global orders, embraced by US investors
US institutional investors shrugged off rising tensions between Washington and Beijing, making long-term bets on China in a US$6 billion global offering of sovereign debt on Wednesday.It was the first … ( read original story…
China Raises $6 Billion in Dollar Bond Sale
That is up from 3.2% a quarter earlier and approaching the 6.1% rate for all of 2019. China’s Ministry of Finance said in a deal document the country was “exhibiting restorative growth and a steady…
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