(Bloomberg Opinion) — As the financial world’s movers and shakers hunker down at Jackson Hole this weekend, one pressing question will be who’s next to cut interest rates. The People’s Bank of China … (…
Tagged By banking
China Could Use a Libor-Rigging Scandal
Perversely, such an outcome would be a good sign for its financial system. Over the weekend, the People’s Bank of China made the loan prime rate, which banks offer to their best clients … (…
Beijing’s Belt and Road plans could boost the Islamic banking sector
Beijing may be keen to get in on the action where the Belt and Road is concerned: State-owned news outlet CGTN published a May opinion piece cheering the possibility of Islamic financial vehicles … (…
China Just Made Borrowing Costs a Tiny Bit Cheaper for Companies
China will set the LPR on the 20th day of every month. The change is part of China’s push to connect its interest-rates system to conditions in financial markets. The aim is to help lower…
Hong Kong pro-democracy leaders meet with U.S. financial firms “to tell the truth” amid prolonged protests
Hong Kong is an international financial center that a lot of countries have a stake … but businesses have increasingly grown concerned that that special status may be stripped if Beijing moves to … (…
HSBC Gets the Cold Shoulder in China
China’s ambassador to the U.K., summoned Flint to the embassy earlier this year to interrogate him over the bank’s role in the arrest and prosecution of Meng Wanzhou, the chief financial officer of … (…
Beijing’s Green Belt & Road Forum Draws Global Lenders
BEIJING, Aug. 18, 2019 /CNW/ — Today … which will have profound impact on climate and the environment,” said Dr. Ma Jun, Chairman of China Green Finance Committee. “The goal of the GIP is to…
Should You Be Adding Beijing Tong Ren Tang Chinese Medicine (HKG:3613) To Your Watchlist Today?
Beijing Tong Ren Tang Chinese Medicine maintained … 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 …)
HSBC: Chinese headwinds threaten to blow bank off course
Mark Tucker, group chairman of HSBC, has made expansion in China a central plank of the bank’s strategy Beijing’s irritation over HSBC’s role in the diplomatic row engulfing Huawei is but one … ( read…
China’s Central Bank Bids to Join the Grown-Ups
Setting a regular date and time for a new rate brings Beijing closer to peers such as the Federal Reserve and European Central Bank. Daniel Moss is a Bloomberg Opinion columnist covering Asian … (…
China’s new loan prime rate to be linked to MLF rate: central bank adviser
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 … (…
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 …)
