Former investment banker Carol Roth warns America is ‘just a fraction of a millimeter away’ from a Chinese social credit system …
Tagged By banking
China Bank profit rises to P11 billion
Earnings of China Banking Corp. went up by seven percent to nearly P11 billion in the first semester on the back of higher revenues and lower credit provisions.
Exclusive: China, Saudi in talks for ETF cross-listings to bolster financial ties
China and Saudi Arabia’s stock exchanges are in talks to allow exchange-traded funds (ETFs) to list on each other’s bourses, three sources familiar with the matter said, as the countries look to …
US, China consider setting up working groups: FT
Three potential working groups are seen as opening the door to easing tensions between the two competitive nations, The Financial Times reported.
China’s digital yuan ‘at forefront globally’, former central bank governor Yi Gang says
Yi Gang, who was replaced by Pan Gongsheng as the head of the People’s Bank of China (PBOC) at the end of last month, gave two recent lectures in Beijing and Singapore He said the…
China allocates 450 mln yuan to post-disaster restoration in Beijing-Tianjin-Hebei region
BEIJING, Aug. 4 (Xinhua) — Chinese authorities on Friday earmarked 450 million yuan (about 63 million U.S. dollars) to support post-disaster restoration in Beijing, Tianjin and Hebei after torrential …
Chinese property stocks surge after central bank vows more support for private businesses
Hong Kong-listed shares of real estate developers like Country Garden Holdings, Longfor Group Holdings, and China Resources Land were some of the top gainers on the Hang Seng index. Longfor gained as much as 8.19%…
China’s central bank conducts 2-bln-yuan reverse repos
BEIJING, Aug. 4 (Xinhua) — China’s central bank conducted 2 billion yuan (280.04 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.9 percent Friday. The move is aimed at keeping liquidity…
China’s economy to maintain stable, positive trend in H2: official
The Chinese economy will maintain its stable and positive trend in the second half (H2) of this year, following a sustained recovery in the January-June period, an official said Friday.
China’s Central Bank Pledges to Flexibly Use RRR Cuts, Other Policy Tools
The People’s Bank of China will need to flexibly use monetary policy tools to ensure ample liquidity in the country’s banking system, a senior central bank official said.
China’s central bank keeps RRR cuts on table, as investors eye more support for economy
China’s central bank will flexibly use policy tools to ensure reasonably ample liquidity in the banking system, an official said at a …
China central bank says RRR cuts, other policy tools need to be used flexibly
RESERVE requirement ratio (RRR) cuts, open market operations and all structural monetary policy tools need to be used flexibly to ensure reasonably ample liquidity in the banking system, an official …
What’s next for China’s digital currency?
China’s government has struggled to find uses for e-CNY inside of China. Now, it’s hoping to use it to challenge the US-dominated international financial system.
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