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 …
Tagged By banking
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.” …
Column-U.S.-China world equity share a yawning chasm: McGeever
The United States and China may be close rivals as global economic heavyweights, but they are nowhere close in the world of equity market values. Boosted by the latest wave of the seemingly …
‘Systemic Rot’ in China’s Military Should Give Beijing Pause—US Official
“So the corruption revealing itself not only because some general has a really fat bank account in Switzerland … Ratner said systemic corruption within the Chinese military should make Beijing think …
CEO of a $19 billion UK bank with business in Hong Kong since the Victorian age sees a ‘lack of confidence’ unraveling China’s economy
China’s struggling economy is down to a crisis of confidence. Take it from the head of Standard Chartered, the $19 billion London bank that’s plugged into the Chinese market (by way of Hong Kong). The…
Does Evergrande’s Collapse Threaten China’s Economy?
A court in Hong Kong has ordered the liquidation of Chinese property developer Evergrande Group, once the world’s largest real estate company. The failure could pose obstacles to China’s economic …
