Local authorities in the southwestern region with a debt-to-GDP ratio exceeding the line or with debt risk events are not allowed to start any new government-funded projects in the next year, …
Tagged By banking
China Rate-Cut Expectations Grow as Signs of Weak Recovery Mount
China’s economic recovery showed further signs of weakening in May, clouding the outlook for the rest of the year and fueling calls for more central bank stimulus.
China Traders Are Leveraging Up The Most on Record on Flush Cash
A gauge of leveraged activity in China’s money market has notched another record as onshore financial institutions take advantage of ample liquidity to boost borrowing.
China to further open financial sector, regulator tells Citigroup CEO
Citigroup’s Chief Executive Jane Fraser held a meeting with the head of China’s new financial regulator on Monday, the National Financial Regulatory Administration (NFRA) said, as the bank expands its …
China’s yuan flat, bolstered by authorities’ pressure on banks while exports disappoint
China’s exports fell much faster than expected in May year-on-year, while imports contracted at a slower pace, customs data showed on Wednesday. Prior to the market open, the People’s Bank of China …
Hong Kong stocks approach 2-week high as JPMorgan, Deutsche Bank, Daiwa chime in on China policy stimulus bets as exports slump
Hong Kong stocks approached the highest level in two weeks amid signs China is taking steps to support its currency and strengthen post-pandemic recovery. A slump in external trade may add urgency for …
Lender on a bender? Why China’s bailing BRI nations out of defaulting on Chinese loans
President Xi Jinping’s Belt and Road Initiative & cheque-book diplomacy face real-world test of post-Covid financial distress, as nations indebted to China are confronted with default on loans.
Silence of China’s central bank adds to risks facing economy
PBOC should remember key lesson from Japan’s ‘lost decade’ …
The Late Arrival Of Foreign Competition In China’s Payments Market
As recently as four years ago, we might have said otherwise, but then the pandemic happened, and China’s economy slowed down more quickly than anyone expected. While the Chinese economy is now …
China-Germany relationship to hit new heights, says Chinese Premier Li Qiang after meeting SDP delegation in Beijing
Beijing stands ready to propel its strategic partnership with Berlin to new heights, Chinese Premier Li Qiang said during a meeting with a delegation from the ruling German Social Democratic Party two …
Beijing tells banks to cut rates for Chinese savers in bid to boost flagging economy
Beijing has asked banks to slash deposit rates for savers in an attempt to kickstart China’s weak growth. The authorities have issued guidance for China’s largest banks to pay savers less interest for …
Exclusive-China’s state banks told to lower cap on dollar deposit rates – sources
A Chinese self-regulatory body overseen by the central bank has told major state-owned banks to lower dollar deposit interest rates, four people with direct knowledge of the matter said on Tuesday, in …
China Asks Big Banks to Cut Deposit Rates to Boost Growth
Chinese authorities asked the nation’s biggest banks to lower their deposit rates for at least the second time in less than a year, according to people familiar with the matter, marking an escalated …