KEY TAKEAWAYS China announced plans for an ad-hoc press briefing tomorrow on the economy by its financial regulators, including its top central banker.The impromptu press conference is fueling …
Tagged By banking
Citigroup’s China expansion plan reportedly ‘hit a roadblock’ with US regulators; Citi China declines to comment
VCG. US bank Citigroup Inc has been working to set up a standalone securities firm in China, but it “has hit a roadblock with US regulators after the Federal Res …
China’s failure to fire policy bazooka may keep markets in deep freeze: McGeever
China’s political and economic leadership are thought to have a keen sense of history, but Beijing’s tepid response to the unfolding property crash that’s strangling the country’s growth and spreading …
China stimulus hopes rise as PBoC cuts rate, flags briefing
The People’s Bank of China lowered the 14-day reverse repurchase rate, catching up with reductions initiated in July, and flagged further moves on Tuesday.
China’s central bank injects cash, lowers 14-day reverse repo rate
China’s central bank supplied 14-day cash to its banking system for the first time in months on Monday and at a lower interest rate, signalling its intent to further ease monetary conditions. The …
China’s had deflation before. This is what it needs to do this time
Balance sheet issues were central to the contraction in previous deflationary episodes, and the resolution of these was key. Policymakers should focus on that.
China’s Central Bank Announces Rate Cut, Injects Liquidity
China’s central bank lowered a short-term policy rate and pumped more liquidity into the financial system, as it continues efforts to help boost the economy.
TikTok risks federal ban by not seeking divestment, U.S.-China Commission member warns
“TikTok is barreling toward an outright federal ban as a direct result of its failure to pursue an orderly divestiture.” …
China Retirement
China’s move to raise the retirement age, the first adjustment since the 1950s, is a critical response to an escalating demographic and economic crisis.
Defending champion Swiatek withdraws from Beijing
Last year, Swiatek lost just one set in Beijing en route to winning her sixth career WTA … She also withdrew from this week’s Hana Bank Korea Open in Seoul citing a change of schedule.…
Universe Pharmaceuticals INC Reports Financial Results for The First Six Months of Fiscal Year 2024
JI’AN, Jiangxi, China, Sept. 20, 2024 (GLOBE NEWSWIRE) — Universe Pharmaceuticals INC (the “Company,” “we,” “our” and “us”) (Nasdaq: UPC), a pharmaceutical producer and distributor in China, today …
Russia and China start naval exercises in Sea of Japan, agencies report
Russia and China started naval exercises in the Sea of Japan on Saturday, Russian news agencies cited Russia’s Pacific Fleet as saying.
Iron ore advances on Beijing stimulus hopes
SINGAPORE: Iron ore futures prices strengthened on Friday as prospects of fresh monetary stimulus from China lifted trading sentiment, but were headed for a weekly fall as the top consumer’s faltering …
