BEIJING: China’s central bank governor said on Friday (Oct 18) the reserve requirement ratio for commercial lenders could be cut further by 25 to 50 basis points by the year-end depending on liquidity …
Tagged By banking
China Cenbank Chief Warns Against Any Illegal Fund Flows Into Stock Market
BEIJING (Reuters) – The governor of China’s central bank, Pan Gongsheng, warned on Friday against any illegal fund flows into the stock market, state media said, following recent measures to support …
China kicks off $112 billion funding schemes to support stock market
China’s central bank kicked off two funding schemes on Friday that will initially pump 800 billion yuan ($112.38 billion) into the stock market through newly-created monetary policy tools. The …
China’s Lackluster Growth Continues, Signaling Why Beijing Acted on Economy
Falling prices, weak consumer spending and a housing market crash help to explain why the Chinese government is taking steps to stimulate the economy.
China’s Mega Banks Trim Deposit Rates as Stimulus Hits Profits
China’s largest state-owned lenders have cut their deposit rates on Friday, their second reduction this year as they rushed to salvage record low margins amid weakened profitability.
China urges swift implementation of expansive financial policies
China’s central bank and financial regulators have held meetings with key financial institutions, urging them to swiftly implement expansive policies to support the economy and the capital markets.
Financial commentators are sulking over China
What the West seeks from China often differs from what China desires for itself. Last week, the Ministry of Finance failed to deliver a “bazooka” rocket, leaving many Western economic commentators sulking because their expectations…
Financial commentators are sulking over China
What the West seeks from China often differs from what China desires for itself. Last week, the Ministry of Finance failed to deliver a “bazooka” rocket, leaving many Western economic commentators sulking because their expectations…
China pledges more financial support for ‘whitelist’ real estate projects
Ni Hong, China’s minister of housing and urban-rural development, made the announcement at a press conference on Thursday.
Why China Plans Its Biggest Push in Years to Cut Hidden Debt
Finance Minister Lan Fo’an announced in October that China would soon launch its largest effort in years to address risks from local-authority debt. That’s stoked expectations for a massive swap of so-called hidden debt that…
China’s housing ministry to hold briefing on efforts to bolster the property market
Ni Hong, China’s minister of housing and urban-rural development, is expected to speak at the event alongside officials from the central bank and finance ministry.
China’s investors are counting on fiscal stimulus
Returning to their offices and workplaces last week from the National Day break, China’s investing public had just one thing on their minds: the stock market. Within 20 minutes of the market opening, …
China could raise nearly $1 trillion of fresh debt in the next 3 years to revive its economy
Beijing could raise 6 trillion yuan, or $850 billion, by selling treasury bonds over the next three years, sources told Caixin Global.
