China held its one-year loan prime rate on Tuesday, but surprised markets by lowering the five-year rate by 25 bps to 3.95%, according to a statement Tuesday from the People’s Bank of China. Reuters …
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China’s central bank cuts benchmark lending rate for the first time since June
The People’s Bank of China cut the five-year loan prime rate (LPR) to 3.95% from 4.2%, while the one-year LPR, which serves as a benchmark for corporate loans, was kept unchanged at 3.45%.
Xi Jinping Leads Push For Communist Principles In China’s Financial Sector Amid Economic Challenges
China’s top financial regulators have vowed to enforce Communist Party principles in the finance sector, emphasizing the importance of serving the economy while avoiding excessive risks. What Happened …
China Cements Grip on Tech as Beijing Tightens Economy Control
China’s ruling Communist Party will play a bigger role in steering its vast technology industry, the latest sign that Beijing intends to exert more influence over swathes of the world’s No. 2 economy.
China central bank cuts benchmark lending rate for the first time since June
The People’s Bank of China cut the five-year loan prime rate (LPR) to 3.95% from 4.2%, while the one-year LPR, which serves as a benchmark for corporate loans, was kept unchanged at 3.45%.
China cuts mortgage reference rate more than expected to revive property market
China cut a benchmark reference rate for mortgages at a monthly fixing on Tuesday as authorities ramped up efforts to stimulate credit demand and revive the property market.
China just recorded the lowest level of foreign direct investment since 1993
China’s direct investment liabilities in its balance of payments … Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up for …
Foreign investment in China tumbles to 30-year low
Foreign investment in China grew at its slowest pace in three decades last year, as the world’s second largest economy stuttered and tensions between Beijing and the West rose.
US says it will act if China dumps goods on global markets
He was joined by his colleague Brent Neiman, deputy under-secretary for international finance, who also recently led a team to China. The EU last year launched an anti-subsidy probe into China’s EV …
China Faces Worst-Case Economic Scenario: Potential Financial Crisis in 2027
Predictions are surfacing that China’s economy, currently facing difficulties, could potentially lead to a financial crisis. The editorial cartoons from a media outlet hint at the plausible likelihood …
Former Bank of China chairman indicted for bribery in nation’s long-running anticorruption drive
The former chairman of the Bank of China has been indicted on bribery charges, adding to a long list of business and government officials who have been brought down by Chinese leader Xi Jinping’s …
Senior Chinese Official Warns Blinken US-China Tech War ‘Will Backfire’
China’s foreign minister told the U.S. secretary of state that Washington should lift “illegal unilateral sanctions” against Beijing’s companies.
China Stocks Struggle to Rally at Reopen Despite Upbeat Data
Chinese stocks saw modest gains as onshore traders returned from the Lunar New Year holidays, with broader caution toward the market offsetting buoyant travel and spending data.
