China’s central bank kept a key interest rate steady as it seeks to shield the yuan from extensive swings, while assessing the impact of recent support measures for the economy and markets.
Tagged By banking
China c.bank leaves medium-term policy rate unchanged as expected
China’s central bank left a key policy rate unchanged as expected when rolling over maturing medium-term loans on Sunday. The People’s Bank of China (PBOC) said it was keeping the rate on 500 billion …
China’s whitelist strategy unlocks billions in loans for residential development
Over 8,200 housing initiatives have received development loan matches from five national Chinese banks through a “whitelist” strategy designed to inject liquidity into the beleaguered property market, …
China’s rate cuts hold key to recovery —experts
China needs further monetary accommodation to reinforce the recent signs of a recovery in demand, with more interest rate cuts needed in order to ease corporate financing burdens and household …
China Development Bank issues over 40 bln yuan of mid, long-term loans for logistics sector in 2023
China Development Bank (CDB) said it had issued over 40 billion yuan (about 5.63 billion U.S. dollars) of medium and long-term loans in 2023 for the logistics sector. These funds are mainly aimed at …
Can the Greater Bay Area lure foreign investors? Beijing wants Hong Kong to draw international capital into region, but global firms still hazy about benefits
Capital has been flowing into the bay area, but questions linger about its appeal to investors Geopolitics, tensions between the West and China have affected the bay area’s ability to perform better …
China Market Update: Internet Stocks Light Up Friday Night In Hong Kong, Week In Review
Asian equities ended a strong week with a nice upward move led by growth and technology stocks following Applied Materials’ financial results, released after the close in the US yesterday.
Trade War 2.0: Renewed U.S.-China Tensions Could Wreak Havoc on Your Wallet
U.S.-China tensions even worse. And a renewed trade war would have HUGE economic impacts. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega …
Economic Troubles Could Make China’s Xi ‘Lash Out,’ US Lawmaker Warns
A U.S. lawmaker has said that Chinese leader Xi Jinping could “lash out” amid troubles at home as China’s economy falters.
Hong Kong stocks jump, China markets reopen next week after Lunar New Year break
Hong Kong stocks rose for a third straight session on Friday, with investors accumulating shares ahead of the reopening of China markets next week after the week-long Lunar New Year holidays. ** …
China unlikely to cut major policy rate amid inflation, yuan pressure as ‘risk versus reward doesn’t seem attractive’
People’s Bank of China (PBOC) is set to leave the rate on its one-year policy loans – the medium-term lending facility (MLF) – steady at 2.5 per cent on the first working day after the…
Global green transition is re-energising China’s investments in Africa after pandemic slowdown
Race for minerals vital for renewable energy drives rise in Chinese investments and construction deals in Africa.
China’s New Year Travel Surge Signals Consumer Spending Pickup
A resurgence in travel over China’s Lunar New Year holiday is offering some signs of a consumer spending pickup in the world’s second-largest economy as it struggles with low confidence and deflation.
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