The Chinese central bank’s decision not to cut interest Monday vexed investors hoping for a shot in the arm for the country’s slowing economy.
Tagged By banking
China’s Currency Woes to Weigh on Bitcoin: Crypto Observer
China’s benchmark equity index, the Shanghai Composite, has dropped over 7% to its lowest since March 2020, according to data from the charting platform TradingView. The People’s Bank of China (PBOC) …
China stocks pare losses as central bank holds rates; Taiwan stocks rise after elections
Taiwan stocks rise after Lai Ching-te wins presidential race, China stocks pare back losses as the People’s Bank of China leaves medium-term policy loans rate unchanged.
Chinese Vice-President Han Zheng meets HSBC Group chairman Mark Tucker in Beijing, urges deeper cooperation: state media
We welcome HSBC Group and other international financial institutions to continue to actively participate in China’s financial reform and opening-up and achieve better development in China,’ Han said, …
HSBC chair ‘confident’ on China investment, meets vice president – state media
BEIJING/HONG KONG, Jan 22 (Reuters) – China’s Vice President Han Zheng on Monday met with HSBC (HSBA.L), opens new tab Chairman Mark Tucker in Beijing and urged the banking giant to deepen cooperation …
2023 was a bad year for China’s finances and 2024 won’t be any better
the Chinese threats to invade Taiwan and the tensions between China and many of its neighbors? A climate that hardly favors economic expansion. Feeling broke on a $665K salary: This surgeon and his …
China’s yuan holds steady on unchanged lending rates; offshore yuan liquidity tight
China’s yuan held steady against the US dollar as the central bank skipped interest rate cuts in its market operations on Monday, while offshore yuan funding costs surged to their highest in nearly …
China, DRC talking $7bn in finance, Tshisekedi says
China and Democratic Republic of Congo are discussing $7-billion in financing as part of a renegotiated minerals-for-infrastructure deal, President Felix Tshisekedi said Saturday at his second …
UBS Wealth Arm Says China Stock Recovery Needs Punchier Policies
The benefits of monetary easing by the People’s Bank of China have already been priced in and “punchier” policies are needed to revive the country’s equities, according to the global wealth management …
Why China Is Considering Rarely Used Special Bonds to Stimulate Its Economy
China’s slowing economy is in dire need of more fiscal stimulus. The local governments that used to provide such support are now struggling with a debt hangover and falling income due to the property …
China leaves lending benchmark LPRs unchanged as expected
SHANGHAI/SINGAPORE, Jan 22 (Reuters) – China kept benchmark lending rates unchanged at the monthly fixing on Monday, matching market expectations, after the central bank surprised markets by keeping …
China Benchmark Lending Rates Held Steady
China’s benchmark lending rates were kept steady after the central bank held its key policy rates unchanged earlier this month, according to data released by the People’s Bank of China. The one-year …
Morning Bid: China rate decision set to disappoint
An interest rate decision in China kicks off the week in Asia on Monday with investors hoping – forlornly, perhaps – that the central bank will provide some much-needed relief for the country’s …
