The Chinese central bank will provide 200 billion yuan ($27.92 billion) in loans to six commercial banks for housing completions, deputy central bank governor Pan Gongsheng was quoted as saying by …
Tagged By banking
China Calls on Banks to Stabilize Lending to Property Sector
China’s financial regulators have asked banks to stabilize lending to property developers and construction firms, the latest effort by policymakers to turn around the real-estate crisis and bolster …
China’s Vaunted Belt And Road Initiative Seems To Have Come A-Cropper
China’s BRI was always something of a Mafia-like enterprise. Beijing would approach poorer countries in Asia, Africa, Latin America, the Middle East, and the periphery of Europe and offer loans for …
Chinese market welcomes qualified foreign financial institutions: official
BEIJING – China’s financial sector has entered a new phase featuring high-standard opening-up, the head of the country’s top banking and insurance regulator said on Monday. Since 2017, the assets of …
China’s forex market shows growing resilience: official
Pan, also the deputy governor of China’s central bank, attributed the forex market’s resilience to the renminbi’s strengthening two-way fluctuation and flexibility, a surplus in the basic …
US stocks trade mixed as new COVID deaths in China raise growth fears again
Shares of Disney soared on the return of Bob Iger as chief executive, lifting the Dow Jones Industrial Average.
China COVID Deaths Rattle Asian Equities
Asian equities moved lower in Monday trading as investors were rattled by reports over the weekend of the first COVID deaths in mainland China since May. The deaths sparked concern that China will …
Five financial experimental zones set up in China’s Yangtze River Delta region to inspire tech innovation: central bank
The People’s Bank of China (PBC), the central bank, and other seven government departments co-issued a document on Monday on setting up five financial experimental zones for technological innovation …
China’s monetary policy provides robust support to real economy: central bank governor
BEIJING – China’s monetary policy has provided significant support to the real economy and has proved to be well-calibrated, Yi Gang, governor of the People’s Bank of China (PBOC), said Monday. As the …
China pledges to cooperate with nations on outer space exploration
China is willing to work with other countries to strengthen exchanges and cooperation to jointly explore the universe, peacefully utilize outer space and promote space technology to better ben …
China Withdraws Cash From Banking System as Bond Sell-Off Cools
China withdrew short-term cash from the financial system for the first time in nearly two weeks, as a sell-off in government and corporate bonds eased. The Peoples …
Beijing tops on competitive pay in mainland market with nearly $30,000 average annual salary
The latest national data show that Beijing leads the salary ranking on the Chinese mainland with an annual average approaching 200,000 yuan ($27,920) in 2021, followed closely by Shanghai. Separately, …
China c.bank deputy governor: Foundation of economic recovery not solid yet
China’s major economic indicators recovered and stabilised recently but the foundation of the country’s economic recovery is not solid yet, deputy governor of the central bank Xuan Changneng said at …