China’s factory activity surprisingly returned to expansion in August, a private-sector survey showed on Friday, with supply, domestic demand and employment improving, suggesting official efforts to …
Tagged By banking
Top China banks slash deposit rates – Will it help though?
In a desperate attempt to buffer their diminishing margins, five of China’s premier banks recently cut deposit rates. This seemingly coordinated effort appears to be a move towards reviving a …
Super Typhoon Saola sweeps towards southern China megacities
Southern China hunkered down Friday as Super Typhoon Saola barrelled towards finance hub Hong Kong and neighbouring Guangdong province – Copyright AFP Mladen ANTONOVTens of millions of people across …
Inside the downfall of embattled property developer China Evergrande
By Engen Tham, Julie Zhu and Clare Jim SHANGHAI/HONG KONG – In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are built. Use…
Japan Capex Growth Slows Amid Fears of China’s Slowdown, Tame Consumption
TOKYO (Reuters) – Japanese companies raised spending on plants and equipment in April-June but the pace of annual gains slowed to the lowest in five quarters, the Ministry of Finance (MOF) said on …
China to cut banks’ FX reserve ratio to rein in yuan weakness
China’s central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this year, a move seen aimed at slowing the pace…
China’s state banks face profit squeeze as they comply with Beijing’s call for mortgage-rate cuts to aid property market
China’s biggest state-owned banks, mired in bad property loans, now face further downward pressure on profit as they prepare to respond to Beijing’s call to cut mortgage rates and revive the country’s …
China Central Bank to Cut FX Reserves Ratio
The Chinese central bank said it would lower the amount of foreign-exchange deposits banks will have to hold, a move seen as a bid to shore up the yuan.
China property market crisis deepens
On Wednesday, the real estate developer Country Gardens, until recently held up as a model of financial stability, announced that it had made a record loss of 48.9 billion renminbi, the equivalent of …
China’s biggest homebuilder ‘Country Garden’ on verge of financial collapse: Report
China’s largest property developer, Country Garden, said that it faced a loss of USD 7.1 billion in the first six months of the year …
China’s central bank to cut FX reserve ratio
China’s central bank said Friday that it would lower the amount of foreign-exchange deposits banks will have to hold, a move seen as a bid to shore up the yuan.
Marketmind: Asia kicks off September with eyes on Beijing
But September could offer a fresh start. Recent policy decisions and other steps taken by Beijing and Chinese firms to jump start investor sentiment and support local markets has had an effect.
China Stock Market Rallies Again As Beijing Pumps Up Stimulus; Is It A False Dawn?
The China stock market rallied again on Tuesday as Beijing unveiled another new stimulus measure, putting more money in consumers’ pockets.