Foreign accounting organisations are subject to “supervision and management” by the authorities including the finance ministry and public securities bureau …
Tagged By banking
China Banks Raise Mortgage Rates For the First Time Since 2021
Chinese banks raised new mortgage costs for the first time in three years, as narrowing margins are dragged down by a persistent property slump and slowdown in the world’s No. 2 economy.
China’s central bank offers strongest yuan support since July after dollar gains
The People’s Bank of China set the so-called fixing at the strongest bias since July versus the average estimate in a Bloomberg survey on Thursday …
China must harness cutting-edge AI to transform its finance sector: former PBOC official
The call comes amid a Chinese government drive to revitalise the economy by cultivating “new quality productive forces”.
Beijing, Central Bank Outlooks Churn Asian Stock Markets
Asian stock markets were mixed on Wednesday, as traders weighed pending central bank decisions and new incentives from Beijing for listed, state-owned enterprises. Hong Kong and Shanghai gained ground …
China’s bull run on bonds triggers fresh warning from central bank amid record-low yields
Institutions are being warned as bearish investor sentiment, and an expectation of lower interest rates, continue to make the bond market a sought-after haven.
China Pushes Back Against Bond Frenzy, Sends Yields Climbing
China’s central bank sent its first signal in months of its discomfort with the record-setting sovereign bond rally, triggering a slide in the market.
China central bank bank asks financial institutions to closely monitor bond risks
SHANGHAI: China’s central bank asked some financial institutions engaged in aggressive trading to closely monitor bond risks, said Financial News, a newspaper affiliated with the bank. The People’s …
Top creditor China has not approved any loans to Cambodia so far this year, data shows
China has not approved any new loans to Cambodia in the first nine months of 2024, Cambodian finance ministry data shows, even though it has been Cambodia’s top creditor country in recent years. The …
China sets historic 4% GDP deficit for 2025 spending plans
China’s leadership has approved its most aggressive fiscal stance ever, setting a record-high budget deficit target of 4% of GDP for 2025. The decision comes as the country braces for economic …
China retail disappoints ahead of busy central bank week
By Wayne Cole and Alun John SYDNEY/LONDON (Reuters) -Shares around the world nudged lower on Monday on soft economic numbers from China and Europe and as surging bond yields challenged equity …
China, US financial regulators bolster cooperation in insurance sector
Chinese and US flags flutter outside the building of an American company in Beijing. [Photo/Agencies] China and US financial regulators have agreed to strengthen cooperation in the insurance sector as …
Exclusive: China plans record budget deficit of 4% of GDP in 2025
Chinese leaders agreed last week to raise the budget deficit to its highest on record, while maintaining an economic growth target of around 5%, sources said.
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