US Treasury Secretary Janet Yellen has met with China’s deputy central bank governor Xuan Chengneng in Washington this week to discuss coordination on financial market monitoring and money laundering.
Tagged By banking
China’s Safest Banks 2024
Its GDP is forecast by the International Monetary Fund to decline to 5% in 2024 from 5.3% in 2023, falling to 4.5% in 2025. To help bolster the weakening economy and ailing real estate sector,…
China’s Central Bank Pumps Liquidity Into Banking System — 2nd Update
China’s central bank injected roughly $70 billion of liquidity into the country’s financial system via a new policy tool in October, part of Beijing’s efforts to bolster the economy.
China’s central bank injects cash via new outright reverse repos in October
China’s central bank has injected 500 billion yuan ($70.24 billion) into its banking system during October through a new reverse repurchase tool announced earlier this week, the bank said on Thursday.
Why China needs to fill its empty homes
I f not another flat was built and sales continued at their current pace, it would take eight years to sell all the homes lying dormant around Luoyang, a city of 7m in central China.…
China’s Central Bank Injects $70 Billion With New Liquidity Tool
China’s central bank injected $70 billion worth of cash into money markets this month via a newly established policy tool to ease liquidity stresses in the fragile economy.
China’s Oct factory, services activity break back into expansion
China’s manufacturing activity in October expanded for the first time in six months, an official factory survey showed on Thursday, supporting policymakers’ optimism that recent fresh stimulus will …
Why China Won’t Give Up on a Failing Economic Model
China’s most pressing short-term economic challenge is weak domestic demand, driven by a lack of consumer confidence. When Chinese consumers refuse to spend, they hoard cash, creating a savings glut …
China’s big banks post Q3 profit gains, squeeze on net interest margins
The Bank of China (BoC) , the Bank of Communications and CCB reported quarterly net profit gains of 4.38%, 1.2% and 3.79%, respectively. ICBC rose 0.2% in Shanghai on Thursday morning after the …
What do Beijing official Xia Baolong’s Jardine Matheson, HSBC meetings mean for Hong Kong?
Experts weigh in on back-to-back meetings with major British companies and the ‘clear message’ being sent to the US Meetings between Beijing’s top official in charge of Hong Kong affairs and two major …
China’s finance sector comes to grips with new normal in year since landmark conference
China’s central financial work conference laid down stricter standards for the field one year ago. How have practices and attitudes changed?
China stimulus should go hand in hand with reforms, ex central bank adviser says
China’s stimulus efforts could come with a cost and they must be carried out alongside reforms to ensure sustainable economic growth, Liu Shijin, a former central bank adviser, said in remarks …
China’s looming fiscal package set to stabilise rather than boost growth
China’s planned fiscal package targets damaged property and local government balance sheets that weigh on the economy and fuel deflationary pressures, thus acting as a stabiliser rather than the …
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