BEIJING (Reuters) – China’s new loan prime rate (LPR) will be linked to the central bank’s medium-term lending facility (MLF) rate, People’s Bank of China policy adviser Ma Jun was quoted by state … (…
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China’s proposed digital currency will help banks bridge gap on mobile payment, curb dominance of Alipay, WeChat
China’s central bank is close to launching is own sovereign digital currency allowing it to tighten its grip on the nation’s deposit pool. Photo: Reuters The People’s Bank of China’s “imminent” move … ( read…
Hong Kong protesters rally in defiance of Beijing
with thousands marching despite increasingly threatening rhetoric from Beijing and the massing of Chinese paramilitary police across the border. After 10 weeks of demonstrations that have sparked the … ( read original story …)
China sets new market-oriented benchmark lending rate
The LPR will be published on the 20th of each month, starting on Tuesday. Interest rate liberalisation in China has been a painfully slow aspect of financial sector reform. China’s banking system was … (…
Commentary: Why this US-China trade war is harder to resolve
NEW YORK: It’s only a matter of time until the escalating tensions between China and the United States prompt many more economists to warn of an impending global economic recession coupled with … ( read…
Is Beijing Urban Construction Design & Development Group (HKG:1599) Using Too Much Debt?
Beijing Urban Construction Design & Development … and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. ( read original story …)
China Lines Up Lower Borrowing Costs with Revamped Rate System
Sign up here. China’s central bank said it’ll start releasing a new reference rate for bank loans, a further step in a long-awaited reform to interest rates that’s set to bring lower … ( read…
China’s Central Bank Reforms Rates to Boost Cheap Funding for Businesses
BEIJING—China’s central bank on Saturday unveiled a long-awaited reform to its interest-rate mechanism, a move aimed at reducing financing costs for businesses struggling with a cooling economy. The … ( read original story …)
China to reform key interest rate to boost economy
China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy that has been hurt by a trade war with the United…
China unveils rate reform to steer funding costs lower for firms
BEIJING (Reuters) – China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy that has been hurt by a … (…
Vanguard Bank Tensions Show That China Remains Undeterred
The Vanguard Bank basin is the westernmost reef of the … to use coercion instead of following international law. Beijing has always contested the UNCLOS interpretation used by Vietnam and … ( read original story…
China’s Digital Fiat Wants to Compete With Bitcoin – But It’s Not a Crypto
A review of over 50 patent applications submitted by the People’s Bank of China shows the design of its central bank digital currency will only resemble a cryptocurrency in limited ways. A senior … (…
From the hutong to high politics: a Beijing driver’s journey
When Liu Chaowei started working as the Financial Times’ Beijing bureau driver in 1995, only a year after the bureau was founded, there was not much financial news to be written about. This was China…
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