The People’s Bank of China said the operation was to “strengthen counter-cyclical adjustment of monetary policy and keep banking system liquidity reasonably ample” …
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China’s stock market is closing just as investment outlook is brightening up
The Shanghai Stock Exchange will close from Oct. 1 to Oct. 7 for the China National Day celebrations. Hong Kong’s market will be shut on Oct. 1.
Chinese Property Stocks Surge as Barrage of Stimulus Continues
Chinese property stocks powered higher in mainland and Hong Kong stock markets, thanks to a barrage of measures from Beijing to stabilize the country’s struggling property market.
Analysis-Painful Policy Choices Loom After China’s ‘Monumental’ Consumer Stimulus Plan
Reuters reported last week that Beijing plans to issue sovereign bonds worth about 2 trillion yuan ($284 billion) this year, in part to subsidise consumer goods purchases and child support, …
Communist China is celebrating its 75th birthday and its stock market is soaring. But not everyone is in the party spirit
For much of the past year since China reopened to the world following the Covid-19 pandemic, a pall has hung over large swathes of the country as its economy struggles to regain momentum.
Treasurer Jim Chalmers says China stimulus moves ‘really welcome’
Federal Treasurer Jim Chalmers has welcomed major moves by China to stimulate its struggling economy, saying it could signal some much-needed relief to a key sector of Australia’s economy.
Former Chinese Finance Minister Calls for In-Depth Analysis of Cryptocurrency Following US Bitcoin ETF Developments
During a recent address at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei emphasized the necessity for China to critically assess the evolving …
Chinese Stocks Soar as Beijing Unleashes Major Stimulus Measures
Chinese stocks surged on Monday, culminating a month-long rally propelled by Beijing’s aggressive stimulus measures. Benchmark indexes in China and Hong Kong posted significant gains, with the CSI300 …
China open to more loans, investments in Nigeria – FG
The Federal Government has clarified that it is not seeking debt forgiveness from China, despite ongoing discussions about debt relief at international forums. According to the Minister of Foreign …
China’s financial assets hit $68t, insurance surge 15.7% YoY
This is equivalent to $4.73t. The assets of China’s financial institutions recorded total assets of $68.03t (CN¥480.64t), reflecting a 7% year-on-year increase (YoY), according to data from the People …
China to Cut Existing Mortgage Rates by End-Oct, Cities Ease Home-Buying Curbs
China’s biggest four state-owned banks, including Industrial and Commercial Bank of China Ltd and China Construction Bank Corp, said they would actively respond to the policy and were promoting the orderly adjustment of existing mortgage…
China has cut rates, now it needs a fiscal policy package: former central bank adviser
Outspoken economist Yu Yongding calls for more infrastructure investment ‘or we won’t meet this year’s 5 per cent growth target’.
Does fresh stimulus represent a turning point for China’s economy?
China’s latest economic stimulus package, introduced in September 2024, has sparked debate on whether it could signal a turning point for the country’s slowing economy. This “monetary easing cocktail, …
