China’s central bank on Friday left a key policy rate unchanged as expected when rolling over maturing medium-term loans.The People’s Bank of China (PBOC) said it was keeping the rate on 387 billion …
Tagged By banking
China’s Fiscal Stimulus Plan May Be Bigger Than It Appeared
China’s leadership underwhelmed investors with a seemingly restrained 2024 budget plan. But a closer look beyond the headline numbers suggests the package could pack a bigger punch than initially …
Mnuchin to put together TikTok bidding group: ‘There’s no way that the Chinese would ever let a U.S. company own something like this in China’
Former U.S. Treasury Secretary Steven Mnuchin says he’s going to put together an investor group to buy TikTok, a day after the House of Representatives passed a bill that would ban the popular video …
Beijing Joins Washington In The De-Coupling Effort
If Washington began the process of de-coupling from China, Beijing seems to have decided to join the effort by pushing American technology out of the country.
China probes exposure of HK units of banks, insurers to local government debt, sources say
HONG KONG (Reuters) – China’s financial sector regulator is looking into the exposure of the Hong Kong units of domestic banks and insurers to the country’s local government debt, three sources with …
China’s economic bright spots provide a warning
Instead of developing a new path to prosperity, China’s optimistic city is riding on the coat-tails of the country’s geopolitical rivals. For more expert analysis of the biggest stories in economics, …
China’s Sichuan Trust unravels
CHENGDU, China — Some investors in a troubled trust fund in China are facing financial ruin under a government plan to return a fraction of their money, casualties of a slump in the property industry…
China central bank set to leave key rate unchanged on Friday
China’s central bank is expected to leave a key policy rate unchanged when it rolls over maturing medium-term loans on Friday, a Reuters survey showed, amid uncertainty over the timing of expected …
Citi Names Veteran Exec as New China Head of Commercial Bank
Citigroup has named an executive who’s been with the banking giant for over two decades to head up its commercial bank business in China, its latest personnel change as it undergoes a global …
China EV maker Nio has completed 40 million battery swaps so far
Chinese electric vehicle maker Nio has completed 40 million battery swaps so far, CEO William Li said on Thursday. Nio is one of a handful of EV makers betting on battery swapping as a major…
Iron ore faces China fundamentals and sentiment hurdles: Russell
He writes about trends in commodity and energy markets, with a particular focus on China. Before becoming a financial journalist in 1996, Clyde covered civil wars in Angola, Mozambique and other …
China’s consumer prices rise for first time in six months. But it’s too soon to say deflation is over
China’s consumer inflation turned positive for the first time in six months, largely supported by the Lunar New Year holiday, when a spending boom pushed up prices.
China central bank adviser urges structural reforms to spur growth
BeijingChina urged to prioritize structural reforms over economic stimulus for sustainable growth, says central bank adviser.
