HSBC has unveiled a sweeping overhaul of its bank separating its UK division from its Asia business amid growing geopolitical tensions between China and the West.The lender on Tuesday announced that …
Tagged By banking
China Cuts Benchmark Lending Rates as Easing Push to Boost Economy Continues
China’s commercial lenders cut their benchmark lending rates in a highly anticipated move as policymakers intensify efforts to boost the ailing economy.
China: Global financial institutions increase investments in Chinese assets
China – Global financial institutions increase investments in Chinese assets (Voice_over) A broader than expected stimulus package announced by Chinese authorities is prompting international financial …
Chinese share buybacks hit record high as Beijing steps up support
There have been Rmb235bn ($33bn) in buybacks across mainland-listed shares so far in 2024, more than double last year’s total and far surpassing the previous record of Rmb133bn in 2022, according to …
The Social Media App Defying China’s Tech Slump
Xiaohongshu has a devoted domestic following and a growing band of international users. An IPO in Hong Kong could be its next step.
China central bank conducts first operations under swap facility to bolster stock market
China’s central bank conducted its first operations on Monday under a swap facility designed to bolster the stock market, exchanging assets worth 50 billion yuan ($7 billion) with brokerages, fund …
China’s Economic Moves Fail to Impress Big Stocks as Alibaba, NIO Fall. Here’s Why.
China’s central bank cut two key interest rates on Sunday, which was enough to help the Shanghai Composite Index to an incremental increase on Monday. Hong Kong’s Hang Seng index, on the other hand, …
China central bank conducts its first swap operation in an amount of 50 billion yuan
China central bank said it conducted its first swap operation involving securities, fund, and insurance companies for the amount of 50 billion yuan ($7.03 billion) on Monday. The People’s Bank of …
China Cuts Key Lending Rates as Easing Push Intensifies
China’s banks cut their main lending rates, in a well-telegraphed move, as policymakers intensify their efforts to boost the slowing economy. Find out more: …
China’s central bank cuts key interest rates to record lows, aims to boost sluggish economy
China’s central bank on Monday announced cutting two key interest rates to historic lows, in what is seen as the latest move by Beijing to boost sluggish spending and kickstart the world’s …
China’s central bank to support qualified banks to join CIPS: deputy governor
The People’s Bank of China (PBC), the central bank, will support qualified banks from different jurisdictions in participating in the Cross-Border Interbank Payment System (CIPS) for the Chinese yuan, …
China Development Bank Former VP Given 12 Years in Jail, Fine for Bribery
BEIJING (Reuters) – The former vice president of China Development Bank (CDB) Wang Yongsheng has been sentenced to 12 years imprisonment and fined two million yuan ($280,000) for accepting bribes, …
China Cuts Benchmark Lending Rates
China’s commercial lenders cut their benchmark lending rates in a highly anticipated move as policymakers intensify efforts to boost the ailing economy.
