China’s central bank expanded gold reserves again in July, pressing on with a run that stretches back to December. The People’s Bank of China raised holdings to 62.26 million ounces from 61.94 million … (…
Tagged By banking
China c.bank denies rumors about interest rate cuts
BEIJING — China’s central bank on Wednesday denied, and dismissed as untrue, rumors circulated online about its decision to cut the benchmark deposit and lending interest rates from August 10 … ( read original story…
Circulating in China’s financial system: more than $200 billion in IOUs
China’s trade war with the United States has escalated in … the government is clamping down on other ways that property companies raise money, like through the shadow banking system. Property … ( read original…
China fixes yuan below 7.0
In its daily yuan fixing operation, the Peoples Bank of China adjusted the mid-value of the yuan to 7.0039 per US dollar, the first time it has been below 7.0 per dollar since April 2008.…
Three scenarios: From mild to ‘scorched earth,’ how the U.S.-China trade war could hit Canada and the Canadian dollar
The escalating U.S.-China trade war threatens to sideswipe Canada’s economy and the Canadian dollar. The impact may not be huge, but it comes at a crucial time as Canada tries to pick up after a…
Imagine Owning China Demeter Financial Investments (HKG:8120) And Trying To Stomach The 95% Share Price Drop
Long term investing works well, but it doesn’t always work for each individual stock. We don’t wish catastrophic capital loss on anyone. Imagine if you held China Demeter Financial Investments … ( read original story…
Investors Who Bought China Tonghai International Financial (HKG:952) Shares A Year Ago Are Now Down 57%
Investing in stocks comes with the risk that the share price will fall. Unfortunately, shareholders of China Tonghai International Financial Limited (HKG:952) have suffered share price declines … ( read original story …)
Expert: US should ‘stop worrying about China,’ move on to other partners
Park Strategies’ King told Yahoo Finance that “Knowing Trump, he changes from one day to the next, I wouldn’t be the least bit surprised if we woke up tomorrow, he got a few things from…
Circulating in China’s Financial System: More Than $200 Billion in I.O.U.s
SHENZHEN, China — China was on the cusp of the biggest building boom the world had ever seen when Zhang Zhiyang started his architecture firm. It was 2007, and the money rushed in for contracts…
White House ‘incompetence’ on the U.S.-China trade war is concerning investors: William Cohan
and the US labeled China a currency manipulator. William Cohan, a former investment banker-turned-special correspondent at Vanity Fair, and the author of the book “Four Friends,” joined Yahoo … ( read original story …)
China’s Central Bank Tells Foreign Firms Yuan Won’t Keep Falling
(Bloomberg) — Senior People’s Bank of China officials reassured foreign companies that the currency won’t continue to weaken significantly, a day after the yuan fell below 7 per dollar for the first … ( read…
A Heightened US-China Financial War Imperils Global Economy
WASHINGTON — Just what the fragile global economy didn’t need: An unpredictable escalation in President Donald Trump’s trade war with China, one that spreads the conflict to currency markets, … ( read original story …)
China Central Bank “Resolutely Opposed” To US Currency Manipulator Label
China’s central bank said Tuesday it is “resolutely opposed” to the United States labeling Beijing a currency manipulator a day after it let the yuan weaken significantly against the dollar. China’s … ( read original…
