Chinese economy bounced back after the government lifted its zero-COVID-19 restrictions in December. However, the recovery of the Chinese economy has lost steam.
Tagged By banking
Saudi Arabia in talks to join China-based ‘Brics bank’
The New Development Bank, the Shanghai-based lender better known as the “Brics bank”, is in talks with Saudi Arabia on admitting the country as its ninth member, a move that would strengthen its …
China’s policy bank ups financial support for rural development
It has issued more than 15 trillion yuan of financial bonds in China since 2004. As China’s only agricultural policy bank, it has offered credit support to agriculture and rural areas, with a focus on…
‘The ball is in their court’: China silent on US request for defence chief talks, senior official says
Beijing yet to respond to Washington’s request for meeting between Chinese Defence Minister Li Shangfu and American counterpart Lloyd Austin on the sidelines of the Shangri-La Dialogue in Singapore …
Marijuana Lobbying Firm Apologies For ‘Misguided’ Letter Referencing ‘Chinese-Backed Investors’ In Push For Banking Bill Amendments
A major marijuana lobbying firm has apologized after sending a letter to Senate committee leadership concerning a bipartisan cannabis banking bill that contained “inappropriate” references to …
China’s state banks seen selling dollars in onshore FX market – sources
China’s major state-owned banks were seen selling dollars in onshore spot foreign exchange market from Thursday and into Friday, sources with knowledge of the matter said.Such dollar selling appeared …
US-sanctioned Russian bank CEO hails yuan use while decrying US dollar weaponisation
VTB Bank’s Andrey Kostin spoke with Post during Russian delegation’s state visit to Beijing Russia’s second-largest lender, which lost billions last year after being cut off from US dollar and euro, …
Morgan Stanley Asia Job Cuts Include Key China Bankers, Six MDs
Morgan Stanley is letting go of at least six managing directors, including some key China bankers, as part of broader job cuts in Asia where dealmaking has been stymied by growing China-US tensions …
China Bulls Are Stepping Back as Stocks Witness Renewed Selloff
Chinese equities are losing their bullish strategist calls after a key benchmark wiped out all its gains for the year earlier this week.
China’s Greater Bay Area to lead sustainable finance, meet capital demands of decarbonisation with green bonds, loans
The Greater Bay Area is expected to continue to lead the way in meeting China’s demand for capital to fund its decarbonisation push, facilitating up to US$28.29 trillion in financing.
Ford CEO says China main EV rival, not GM, Toyota
Chinese electric vehicle (EV) makers are its main rivals in the sector, but the company has hurdles competing on cost at a smaller scale. Read more at The Business Times.
China to expand futures opening-up in signal of financial reform
This is the latest signal sent by Chinese officials that testifies China’s determination to open up its economy, with a string of opening measures being launched in recent years, such as relaxing or …
China’s economic recovery is being held back by lagging private sector, household concerns, senior adviser warns
president of the Shanghai University of Finance and Economics. “The current policy implementation is not strong enough to support a full-scale economic recovery,” Liu told a webinar organised by the …