China’s central bank on Monday rolled over maturing medium-term loans while keeping borrowing costs unchanged for the fourth straight month. ( read original story …)
Tagged By banking
China Adds Cash Into Banking System to Ease Liquidity Stress
China’s central bank injected liquidity into the financial system, seeking to support banks amid intensifying liquidity stress and keep a fragile economic recovery on track.The People’s Bank of China … ( read original story …)
China First Out, Slump-Recovery Ballot, Resilience Test: Eco Day
Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the week:China’s economy, the first to succumb to the coronavirus, is proving to be the fastest … (…
Currency wars: The US dollar threat is becoming very real for China
The US’s willingness to use its dollar’s dominance of global financial activity as a weapon has China nervous. ( read original story …)
Bird’s Nest and Water Cube: Beijing venues were stars, too | Charlotte Observer
That was true in Beijing in 2008, when the stars were Michael Phelps and Usain Bolt. But Beijing is also storied for its signature venues like the the 91,000-seat “Bird’s Nest” stadium, and the nearby…
China’s Pinduoduo To Join Nasdaq-100, Pushing Out NetApp
Nasdaq has announced that Pinduoduo, Inc. (PDD), will join the NASDAQ-100 Index and the NASDAQ-100 Equal Weighted Index before market open on Monday, August 24, 2020.Pinduoduo, one of China’s largest … ( read original story…
US-China tensions: Sectors Beijing and Washington to focus on for ‘economic dominance’
THE US and China will focus their efforts on three main sectors to secure “global economic dominance” over the other, international affairs analyst Agathe Demarais warned. ( read original story …)
China’s Banking Watchdog Warns Fed Easing Risks Financial Crisis
The Federal Reserve’s unparalleled stimulus risks plunging the world into financial crisis, according to the chairman of China’s banking watchdog, who also warned that bad debts at Chinese financial … ( read original story …)
China must guard against rebound in shadow lending: regulator
China must guard against any rebound in off-balance sheet lending in the so-called shadow banking sector, and must dispose of non-performing assets as soon as possible, the head of the country’s … ( read original…
CGTN: 15 years on: In China, green is new gold
Saturday marks 15 years since the proposal of the green development concept – “Lucid waters and lush mountains are invaluable assets.” Yucun Village, a flourishing hamlet in east China’s Zhejiang … ( read original story…
Delayed US-China trade review could give Beijing some breathing space as Donald Trump seeks re-election
The two sides were due to review their phase one trade deal after six months, but one observer said the delay was ‘no bad thing’. ( read original story …)
China’s Banking Sector Expected to Dispose $490 Billion of Bad Loans in 2020: Xinhua
China’s banking industry is expected to dispose 3.4 trillion yuan ($489.91 billion) of bad loans in 2020 to contain financial risks in an economy weakened by COVID-19, the official Xinhua News Agency … ( read…
Trump Says He’s ‘Looking Into’ Banning China’s Alibaba in the U.S.
U.S. President Donald Trump on Saturday said during a press conference that he was “looking into” whether Chinese technology giant Alibaba should be banned in the United States. (Reporting by Steve … ( read original…
