China’s central bank announced a cut in some financial institutions’ reserved cash amount by 1 percentage point from April 25 to support small and micro enterprises and stabilize liquidity in the banking system, according to…
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China stocks open higher after surprise RRR cut
SHANGHAI, April 18 (Reuters) – China stocks opened about 1 percent higher, led by the financial sector, after the central bank said it would cut banks’ reserve requirements in a surprise move seen as supporting…
China cuts deposit reserve rate for first time in 26 months to unleash cash
China’s central bank announced on Tuesday that it would cut the amount of cash that most banks are required to hold in reserve – the first reduction since February 2016 – to release cash into…
China to Release $200 Billion for Banks With Cut in Reserve Requirement
BEIJING—China’s central bank said it would free up more than $200 billion for banks to lend and repay short-term loans, signaling fresh worries about slowing momentum for economic growth amid rising trade tensions with the…
China central bank announces surprise cut in bank reserve requirements
China’s central bank said on Tuesday it will cut the amount of cash most commercial and foreign banks must hold as reserves to pay back loans obtained via its medium term lending facility. The move…
UPDATE 1-China c.bank announces surprise cut in bank reserve requirements
BEIJING, April 17 (Reuters) – China’s central bank said on Tuesday it will cut the amount of cash most commercial and foreign banks must hold as reserves to pay back loans obtained via its medium…
Online consumers in Asia buy three times more banking products than less tech-savvy peers, says McKinsey
The figure for mainland China more than tripled to 60 per cent in the same period. McKinsey’s study also found that in developed Asian markets, internet banking penetration rose to 97 per cent in 2017,…
China c.bank says still needs to keep reserve ratios relatively high
BEIJING, April 17 (Reuters) – China’s central bank still needs to maintain relatively high reserve requirement ratios for banks to fend off financial risks, it said on Tuesday as it announced plans to cut ratios…
Ping An A-Shares Trade at Rare Discount as China Finance Hit
Concern that China will further free up bank deposit rates is prompting investors to dump financial stocks across the mainland, with insurers including Ping An Insurance (Group) Co. becoming collateral damage. Ping An’s yuan-denominated shares…
China’s economic growth holds steady amid trade dispute
In a speech last week, President Xi Jinping promised to open China’s markets wider, cut import duties on autos and ease restrictions on foreign ownership in the auto and finance industries. He gave no details…
China growth beats forecasts in face of trade row, financial risk
China’s economy grew more than expected in the first quarter as it withstood headwinds from Beijing’s fight against financial risk and pollution, and trade tensions with the United States. While acknowledging the potential negative impact…
China’s former insurance regulator charged with bribery
The former head of China’s insurance regulatory body has been formally charged with bribery and abuse of power, prosecutors said on Monday, becoming the most senior financial regulator to be targeted in a continuing crackdown…
China posts better-than-expected 6.8% growth in Q1
China’s economy grew a forecast-beating 6.8 percent in the first quarter, official data showed Tuesday, overcoming Beijing’s battle on financial risk and pollution and trade tensions with the US. The world’s number two economy exceeded…
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