China’s central bank will improve the mechanism for identifying systemic risks and improve risk monitoring and assessment systems, the bank said on Monday. In a statement about financial stability published on its website, the People’s…
Tagged By banking
China economy seen slowing in first quarter on housing, consumer woes
China’s economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity.And observers …
Chinese Stocks Advance as Beijing Renews Regulatory Support
Chinese stocks gained Monday as renewed regulatory support from Beijing shielded the market from a broader selloff hitting Asia. Most Read from BloombergIsrael Versus Iran — What All-Out War Could …
China set to post slowing growth on housing, consumption woes
China’s economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity. And analysts say state…
China Struggles to Kick Deflationary Concerns
A manufacturing-led recovery has sparked trade frictions abroad, but weak price growth shows consumption lags behind at home.
China Development Bank lends nearly 267b yuan for infrastructure development in Q1
BEIJING — China Development Bank said it had issued 266.9 billion yuan ($37.61 billion) in loans during the first quarter of 2024 to bolster the advancement of infrastructure projects. Funds were channeled to 102 key…
China Drains Cash Via MLF for Second Month Amid Yuan Concern
China withdrew cash from the banking system for a second consecutive month, signaling its caution toward monetary easing as currency depreciation pressures mount.
Financial de-risking remains key focus in future
China’s financial risks have been converging of late, but de-risking in the future will fundamentally depend on the stabilization and recovery of the economy. As the economy further improves, there …
China c.bank keeps policy rate unchanged, drains cash from banking system
The People’s Bank of China (PBOC) said it was keeping the rate on 100 billion yuan ($13.82 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged …
China Development Bank lends nearly 267 bln yuan for infrastructure development in Q1
BEIJING, April 14 (Xinhua) — China Development Bank (CDB) said it had issued 266.9 billion yuan (about 37.61 billion U.S. dollars) in loans during the first quarter of 2024 to bolster the advancement of infrastructure…
Former chairman of prominent China bank indicted for bribery and embezzlement
The former chairman of China Everbright Group, Tang Shuangning, who used to serve as a senior official at the People’s Bank of China and the China Banking Regulatory Commission, is under indictment
Niger and China sign crude oil MOU worth $400 mln, says Niger state TV
NIAMEY, April 13 (Reuters) – Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp (CNPC) worth $400 million linked to the sale of crude oil …
China’s Yuan Outpacing US Dollar in Current Performance
The rise of the yuan to claim over 42% of total currency exchanges in Russia, while the US dollar’s share has dipped to 39.5%, signals a notable departure from traditional curre …
