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. ** …
Tagged By banking
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.
China’s central bank signs 40 currency swap agreements with foreign counterparts
BEIJING, Feb. 16 (Xinhua) — The People’s Bank of China (PBOC), the country’s central bank, has signed bilateral currency swap agreements with more than 40 foreign central banks or monetary …
China Set to Bide Time on Rate Cut Until Yuan, Data Stabilize
China’s central bank is poised to keep cash conditions and monetary policy broadly stable as policymakers focus on a weakening currency.
Ford CEO, who’s been worrying about China’s EV dominance for years, says ‘the world has changed’ and he’d work with rivals on a cheaper battery
Jim Farley has a Tesla veteran heading up a Ford “skunkworks” team to develop low-cost EVs, but he’s open to cooperation with rivals on batteries.
Does China’s Central Bank Control a Billion Ounces of Gold?
In April 2009, the Chinese central bank finally revealed that they had increased their gold reserves by 14.6 million ounces since the end of 2002.
Think falling prices would help? They could destroy an economy. Just ask China
Markets reeled on Tuesday after January’s Consumer Price Index data came in hotter than expected, leaving investors to believe that interest rate cuts are off the table for the near future.
With the economy shaky, people in China pray to the internet’s ‘wealth god’
A Ministry of Finance video inviting social media users to ask Caishen for monetary blessings went viral after people mocked China’s struggling economy.
China’s Economic Woes May Give US Chance to Pressure North Korea, Some Experts Say
The Biden administration should increase sanctions on Chinese entities doing business with North Korea at a time when Beijing is more likely to comply, due to its slowing economy, said some observers …
Park Avenue bank ran Chinese Communist cell, ordered workers to follow party rules: lawsuit
A Chinese Communist Party cell operates out of the Park Avenue headquarters of one of China’s largest investment banks, one of its top bankers claimed in an explosive court case.
The Evergrande collapse is not China’s ‘Lehman moment,’ but it does complicate an economic recovery, think tank says
“Unlike Lehman, Evergrande’s insolvency is due to its excessive borrowing and aggressive use of leverage, not over-securitization.” …
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