China is considering allowing homeowners to refinance as much as $5.4 trillion in mortgages to reduce their borrowing costs, Bloomberg News reported on Friday, citing people familiar with the matter.
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Beijing to tap free-trade zones to reassure foreign investors with pro-business pledge
The pledge was made at a meeting of a Communist Party reform task force headed by President Xi Jinping on Thursday.
Beijing to tap free-trade zones to reassure foreign investors with pro-business pledge
Beijing has vowed more prominence to China’s free-trade zones, as well as a roll-out of pro-business measures, including trade facilitation to smoothen capital and data flow for foreign businesses.
Tesla Beijing to recall 870 imported model X EVs, China regulator says
China’s market regulator said on Friday that Tesla Motors Beijing will recall 870 imported Model X vehicles from Oct. 8 due to a need to check the adhesive used to attach the roof of the…
China mulls $7.9 trillion in mortgage refinancing as economy stutters
The government plan would let homeowners switch banks for cheaper loans, as the property slump drags down consumer spending and household wealth.
Financial institutions Taking Actions to Guide Capital towards Green and Low-carbon Industries in China
China has demonstrated stepped-up efforts to ramp up green transition in all areas of economic and social development and to promote relevant financial instruments, such as green equity financing and …
China’s interest rate reform will be ‘arduous, long’ process
China’s central bank wants to shift its policy framework to target the cost of credit rather than its size, but liquidity risks and uncooperative markets are making it difficult to transition the …
China’s interest rate reform will be ‘arduous, long’ process
China’s central bank wants to shift its policy framework to target the cost of credit rather than its size, but liquidity risks and uncooperative markets are making it difficult to transition the …
China stocks close down, dragged by bank shares
Shares of Citic Bank and Bank of Communications were both down nearly 7% in Hong Kong. Shares of major Chinese state banks have soared this year, with most up over 20%. Shares of Agriculture Bank…
International Big Data Industry Expo Opens in Southwest China
GUIYANG, CHINA / ACCESSWIRE / August 29, 2024 / “After a decade of development, the expo has emerged as a crucial platform in the country’s data field, leading innovation trends, showcasing industry …
The Chinese central bank’s policy arsenal
The People’s Bank of China (PBOC) aims to create a more market-driven interest rate curve and move away from quantitative policy tools to help wean the economy off state-directed bank lending.
We get leverage when China invests in India, says Finance Commission chairman Arvind Panagariya
Leading economist Arvind Panagariya advocates allowing Chinese investments in India, barring security risks. He highlights the potential leverage gained against China and argues that FTAs with large markets could boost foreign investments.
Huawei Revenue Jumps After Eating Apple’s Market Share in China
Huawei Technologies Co.’s revenue grew for the sixth straight quarter after its smartphones gained market share in China at Apple Inc.’s expense.
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