China should cut interest rates to alleviate private firms’ financing burdens and boost the economic recovery, according to a prominent economist and government adviser.
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China’s state-run banks cut deposit rates to stimulate sluggish economic growth
Lowered deposit rates will eventually lead to an easing in lending rates, prompting more Chinese consumers to borrow.
China Financial Watchdog Vows to Further Open Up, Curb Risks
China will continue to open up its $60 trillion financial market to foreign banks and investment firms, while sticking to the bottom line of preventing systemic risks, the nation’s new top regulator …
China willing to deepen cooperation with UK financial sector -state media
China’s Vice President Han Zheng said on Thursday the country is willing to deepen cooperation with the British financial sector and promote sound development of bilateral economic and trade relations …
China’s financial opening-up gains momentum, as Shanghai is set to launch international reinsurance trading market
The Lujiazui Forum runs through June 9. Photo: VCG Opening-up is China’s fundamental national policy and the financial sector opening-up will only deepen, a senior government official said on Thursday …
China’s Big Banks Cut Deposit Rates. Lending Rates Could be Next.
China’s largest state-owned commercial banks cut some of their deposit rates on Thursday, the latest in a series of similar cuts this year. The move will help these banks improve their net i …
China’s big banks cut deposit rates, signaling monetary easing ahead
China’s largest banks cut interest rates for savers on Thursday in a bid to boost growth in an economy where consumption has been slow to recover.
Global banking crisis has had little impact on China – China financial regulator
The recent global banking crisis has had little impact on China but offers a cautionary tale, Li Yunze, head of China’s national financial regulatory administration, told delegates at the Lujiazui …
China’s major State-owned banks adjust deposit rates
China’s major State-owned banks have made adjustments to their renminbi deposit interest rates, as reported by Securities Times on Thursday. Starting today, these banks – including Industrial and …
China’s new financial gatekeeper Li Yunze strikes an optimistic note, vowing to wipe out ‘blind spots’ to protect economy from risks
There is “no change in China’s role as the main driver of global growth,” said Li Yunze, head of the National Financial Regulatory Administration (NFRA) in Lujiazui The regulator will spur banks to …
China’s biggest state banks cut interest rates on yuan deposits
China’s biggest banks on Thursday said they have lowered their interest rates on yuan deposits, action that could ease pressure on profit margins and make room for reduced lending costs. Industrial …
China Financial Watchdog Vows to Further Open Up, Control Risks
China will continue to open up its $60 trillion financial market to foreign institutions, while sticking to the bottom line of preventing systemic risks, the nation’s new top regulator said.
China to open finance markets as investors grow nervous
“The overall risk in China’s finance industry is controllable, and we’re fully confident and able to safeguard the bottom line of preventing systemic risks,” Mr Li said at the forum. While recent …