Elsewhere in Asia, Australia’s S & P/ASX 200 declined 0.3% to 7,420.30. South Korea’s Kospi added 0.2% to 2,569.40 and Bangkok’s SET was down 0.2%.
Tagged By banking
Citigroup China investment bank plans delayed by data law -Bloomberg News
Citigroup Inc’s plan to set up a wholly-owned securities business in China is taking longer than expected because the bank needs more time to comply with the country’s data laws, Bloomberg News …
China allocates $33 bln from sovereign bonds for disaster-hit infrastructure -state media
China’s finance ministry has allocated a first batch of 237.9 billion yuan ($33.38 billion) of funds from sovereign bonds as of Monday, in an effort to support the renovation of infrastructure in …
China: Removing financial risks to build a modern society
THE Central Economic Work Conference that was held recently made it clear that high-quality development is necessary for building a modern socialist country.
China central bank resumes 14-day reverse repos to smoothen year-end cash demand
China’s central bank resumed injecting short-term cash through 14-day reverse repos for the first time in three months on Monday, as it steps up efforts to smoothen increasing year-end liquidity …
Financial openness can help drive economy
The Central Financial Work Conference, held from Oct 30 to 31, highlighted the importance of building a nation with a strong financial sector at a faster pace and promoting high-standard financial …
Asia markets take a breather, Bank of Japan decision and China LPR in focus this week
The Bank of Japan will hold its final meeting of 2023 on Tuesday, while China will announce its loan prime rates on Wednesday.
Economists’ take on China’s economic outlook in 2024
China heads into 2024 with relatively loose policy settings, but private sector sentiment constrained by property pessimism. Stimulus will reduce tail risks but we don’t expect it will be sufficient …
China should further improve foreign asset structure to increase yields: expert
China should accelerate the improvement of the structure of its foreign assets so as to increase yields on its net foreign assets and ensure the security of its foreign assets, especially foreign …
Enduring pain: 90% of China’s equity funds suffer as market loses US$1 trillion of value
The dismal performance of China’s mutual fund sector reflects the underlying problems in the economy: shrinking manufacturing, slumps in consumer and producer prices, and a property-market crisis.
China’s financial institutions see rising assets
BEIJING – Assets of financial institutions in China rose to 452.82 trillion yuan ($63.82 trillion) at the end of the third quarter, up 9.5 percent year-on-year, according to the central bank.
China’s privately offered funds hit 20.61t yuan
BEIJING – The value of China’s privately offered funds stood at 20.61 trillion yuan ($2.90 trillion) at the end of November, industrial data shows. The figure was up from 20.59 trillion yuan a month …
Beijing’s Remedy For The Great Property Crisis Is Doomed To Fail.
After considerable dithering, Beijing has made its boldest effort yet to remedy China’s property/financial crisis. Mostly it just just kicks the can down the road..
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