In the last year, a drive to insulate China’s economy from dollar-based sanctions has emerged as possibly the most important incentive for decoupling from the dollar, as China looks to prepare for the …
Tagged By banking
Chinese Bank Stocks Soar, Adding $166 Billion in Trading Frenzy
Chinese bank shares surged, with some posting their biggest one-day gains since the country’s 2015 equity bubble, after more lenders cut deposit rates and further progress on state-owned enterprise …
China’s Forex Reserves Swell to $3.2 Trillion; Why is Beijing Keeping Huge Currency War Chest?
China’s foreign exchange reserves have been rising steadily since 1997, from 15 percent of the gross domestic product around that time to more than 40 percent currently.
China property bonds’ road to recovery fraught with risks amid drawn-out restructurings, gloomy sector outlook, and volatile markets
China’s high-yield property bonds are likely to continue along a bumpy road, as they turned to losses so far this year after a strong rally, Allianz Global Investors says.
World can live with US-China competition that stays clear of violence
From talent to tech, markets may be partially decoupled or fully severed. But in a civilised contest, acts of violence – particularly war – would be out of the question China may have reopened but…
Eacop financing swings to China as its firms hog deals
Project is falling behind schedule after many risk-averse banks pulled out of the …
Top intel Democrat warns China and Russia could ‘exploit’ US debt default
Rep. Jim Himes (D-Conn.), the top Democrat on the House Intelligence Committee, warned on Sunday that China and Russia could “exploit” a possible U.S. default, which the Treasury Department warns …
China increases gold reserves in April for 6th consecutive month, tackling global market uncertainties
China increased its gold reserves for the sixth consecutive month in April to 66.76 million ounces (1,893 tons) amid a global financial panic triggered by aggressive US interest rate hikes on top of …
China gave 190 chip firms US$1.75 billion in subsidies in 2022 as it seeks semiconductor self-sufficiency
China’s largest chip maker, SMIC, was also its biggest subsidy recipient at US$282.1 million, illustrating national priorities amid a protracted tech war Other top recipients include Apple supplier …
US conducted 14 spy missions on China’s satellites in 2 years, claims Chinese study
US spy satellites have allegedly carried out at least 14 close-range observation flights on China’s high-orbit satellites in less than two years, claimed a new study by academics in China’s space …
Banks roll out ‘barbecue loans’ to businesses in China’s new grilled-food capital Zibo as they compete for new borrowers
Banks in the city in Shandong province are offering fast, cheap loans to barbecue restaurants and suppliers in a bid to capitalise on the craze Zibo emerged as a popular tourist destination after its …
China’s forex reserves hit 14-month high
China’s foreign exchange reserves hit a 14-month high, reaching $3.2048 trillion by the end of April as the US dollar weakened and global financial markets rebounded, the State Administration of …
Agricultural Bank of China ups loan support to county-level areas
The bank said its outstanding loans for county-level areas totaled 8.05 trillion yuan ($1.16 trillion) by the end of March, up 719.5 billion yuan or 9.82 percent from the beginning of this year. More …