On the first working day of the Year of the Rooster, China’s central bank surprised financial markets by raising lending rates to banks, widely interpreted as a shift towards neutral monetary policy as economic fundamentals…
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China's monetary policy to be more prudent, neutral
China’s monetary policy is expected to be more prudent and neutral, to rein in asset bubbles and guard against financial risks, economists have said. The central bank, the People’s Bank of China (PBOC), Friday raised…
China vows strong punishments for illegal financing activities
BEIJING China will severely punish people involved in illegal financing … “Conscientiously follow the demands of the central government, put the prevention of financial risk in an even more important position,” Xinhua said. “Severely punish…
Ghana seeks 'enhanced relationship' with China: finance minister
ACCRA Ghana’s new government will seek to enhance its relationship with China in order to help develop its economy, Finance Minister Ken Ofori-Atta told reporters on Sunday. He said the ministry would on Monday hold…
Preview – China Jan data to show slide in FX reserves slowing, inflation picking up
China’s central bank surprised financial markets on Friday by raising short-term interest rates on the first day back from a long holiday. While the rate increases were modest, they reinforced views that authorities are intent…
China ships sail near disputed isles after Mattis visit: Japan
Japan said Chinese coast guard vessels sailed Monday into its territorial waters around disputed islands in the East China Sea, days after the new US defence chief vowed to defend Tokyo’s control of them. Three…
Koreans See China’s Ire Over Missile Shield in Export Hurdles
Korea’s Finance Minister Yoo Il-ho has said he thinks China may be taking unfair and indirect action in some cases. China opposes the deployment, with a foreign ministry spokesman last month saying it hoped South…
Beijing to invest US$4.85B in Beijing-Tianjin-Hebei development
Beijing will invest 33.31 billion yuan (US$4.85 billion) this year in Beijing-Tianjin-Hebei coordinated development, according to the municipal finance bureau. [Photo: Global Times] Beijing will invest 33.31 billion yuan (US$4.85 billion) this year in ……
JD confirms plans for banking license
JD.com Inc, China’s second-biggest e-commerce player, confirmed on Friday it is carrying out work related to a banking license, in a move that would see it joining its tech counterparts in offering banking services. The…
China’s bank brands value surpasses America’s for the first time
For the very first time, the combined brand value of China’s lenders has surpassed that of the United States. China’s bank brands account for 24% (US$258 billion) of the total brand value of the Brand…
China raises interest rates for Standing Lending Facility loans – sources
SHANGHAI China’s central bank raised the lending rates on its standing lending facility (SLF) loans on Friday, two banking sources said. The overnight rate for the SLF loan was raised to 3.1 percent from 2.75…
China’s central bank starts Year of the Rooster with ‘groundbreaking’ broad rise in money market rates
China’s central bank has surprisingly raised money market rates across the board on the first working day in the Year of the Rooster – sending a clear signal that Beijing is tightening its monetary policy…
Bank of China closes accounts of Gupta-linked firm
The Bank of China has become the latest financial institution to be drawn into the controversy surrounding the closure of bank accounts belonging to companies linked to the Gupta family. Steel maker VR Laser said…
