A senior Chinese central bank official suggested on Tuesday that the bank’s buying and selling of treasury bonds in the secondary market could be used for liquidity management and as a monetary policy …
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China Finance Ministry Echoes Xi’s Call for PBOC to Trade Bonds
(Bloomberg) — China’s Ministry of Finance said it supports allowing the central bank … The remark set off a flurry of interest from investors eager to figure out what Beijing will do next, as it…
Exclusive-China turns the heat up on cross-border investments in local govt debt, sources say
Chinese regulators are inspecting the use of a cross-border mechanism to invest in debt-laden local governments’ offshore bonds, two sources said, indicating a ramping up of efforts to contain …
China Finance Ministry Voices Support for Central Bank Bond Trading
China’s finance ministry has said it is in favor of the central bank resuming trading Treasury bonds, a move that would see the monetary authority dust off a rarely used tool in its policy kit.
China Finance Ministry Echoes Xi’s Call for Bond Trading at PBOC
China’s Ministry of Finance said it supports allowing the central bank to trade government bonds, reaffirming a sentence from President Xi Jinping that ignited market speculation about a change of …
Why Beijing’s latest manufacturing strategy could backfire
Chinese industrial firms are facing intense downward pressure on their profit margins as they lack pricing power both in their domestic and export markets.
China details regulations on non-bank payment institutions
The People’s Bank of China on Monday began to solicit public opinion on the detailed rules regulating the non-bank payment institutions, as a part of efforts to enhance their supervision and …
China’s weak yuan forces central bank to hold rates steady
BEIJING — China’s central bank has kept key lending rates unchanged again as its monetary easing options are narrowed by the yuan’s recent weakness against the dollar, which has risen on the delayed …
Fitch Takes A Dim View Of China’s Financial Outlook
This credit credit-rating agency has joined Moody’s in allowing China to keep its still-high rating but downgrading the country’s “outlook.” …
China may issue more savings bonds, cut purchase limits: finance ministry
VCG. China’s Ministry of Finance (MOF) vowed on Monday to promote the purchase of the nation’s saving bonds, including increasing the issuance volume an …
Souring China dreams force Western financial firms to cut costs
Just a few years ago, lucrative business prospects in China on the back of a booming economy led to a scramble among Western financial firms, from investment banking to asset management, to expand …
China reports general public budget spending near 7t yuan in Q1
BEIJING – China’s general public budget spending expanded 2.9 percent year-on-year to nearly 7 trillion yuan ($985 billion) in the first quarter of 2024, according to a Monday press conference.
How can China remedy deflation risks without ditching long-held economic strategy?
Beijing’s prudent monetary moves and an emphasis on restructuring local government debt have sparked debate over how long it will take policymakers to ‘walk it off’.