The competition between the United States and China has seen geopolitical and economic flash points sprawl across continents.
Tagged By banking
China’s Largest Crude Oil Refiner Challenged by Weaker Economy
But there were bigger swings at the operating profit level that give a better sense of the challenges facing China’s largest oil refiner. While exploration and production rose 15% over the period, …
After the yen carry trade collapsed, get ready for the yuan carry trade
Trades involving borrowing yuan to buy higher-yielding assets are set to be more resilient as China’s central bank keeps its monetary policy dovish, Royal Bank of Canada says. Costfoto—NurPhoto via …
Bank of China President Liu Jin resigns
Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said. The state-owned lender said its board had approved Chairman Ge Haijiao to serve as …
Bank of China President Liu resigns, chairman to be acting president
BEIJING (Reuters) – Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said. The state-owned lender said in a statement that its board had …
China to push supportive monetary policy as financial risks ease: central bank chief
China is gradually resolving a series of financial risks and will press on with a supportive monetary policy to ensure an economic recovery, the country’s central bank chief said on the weekend. In an …
China mutual funds reel from crackdown
China’s $4.4tn mutual fund industry has become the latest target of President Xi Jinping’s crackdown on finance, with new laws limiting fees and funds now subject to tougher and more frequent …
China’s growth helps bolster global economic recovery in H1
According to the latest reports from the IMF and the World Bank, global economic growth is projected to inch forward to 3.2 percent and 2.6 percent respectively this year, with both forecasts …
Chinese Economists Urge Beijing to Borrow More to Spur Growth
A growing chorus of Chinese economists are calling on the central government to take on more borrowing to support growth as the economy continues to struggle from a lack of demand and low inflation.
PBOC’s Pan Says Financial Risks in Key Areas are Being Resolved
China’s central bank chief said financial risks in key areas are being resolved in an orderly manner, while stressing the importance of stabilizing expectations and boosting confidence to ensure …
China Won’t Ban Bond Trading But Sees Risk in Buying Frenzy
The People’s Bank of China did not seek to nor will it seek to ban legitimate investments or trading in its government bonds, but it sees risks in a buying spree of the securities, according…
China regulates bond market based on market principles, state media says
China’s financial regulators approach bond market oversight based on market principles and from macro-prudential and compliance perspectives, state media on Saturday, rejecting claims of market …
Analysts: China-Russia financial cooperation raises red flag
The Chinese yuan replaced the dollar as Russia’s most traded currency in 2023, when the U.S. imposed sanctions on a few banks in Russia that could still trade across the border in dollars, according …
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