China’s central bank on Friday unveiled guidance on relaxing residential housing loan policies to better meet residents’ needs for housing. The People’s Bank of China said that banks should treat …
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China’s Bank of Communications H1 profit rises 4.5%
China’s Bank of Communications Co Ltd (BoCom) on Friday reported a 4.5 per cent rise in first-half net profit. China’s sixth-largest commercial bank by assets reported a net profit of 46.04 billion …
Exclusive: China plans to cut stamp duty on stocks by up to 50% to revive confidence
Chinese authorities are planning to cut stamp duty on stock trading by as much as 50%, three people with knowledge of the matter said, in a further attempt to revitalise the country’s struggling stock …
China Offers Tax Breaks to Home Buyers, Finance Ministry Says
Chinese regulators eased the nation’s mortgage requirements to let more home buyers enjoy favorable mortgage conditions that were previously limited to first-time home purchasers, the state-run Xinhua …
China plans to cut stamp duty on stock trading by up to 50%
Chinese authorities are planning to cut stamp duty on stock trading by as much as 50%, three people with knowledge of the matter said, …
We need clarity on US-China investment policy, not hyperbole
Individual shareholders and the firms that put together mutual funds are more confused than ever as rhetoric and gesture have overtaken strategy and precision.
UPDATE 1-China’s Bank of Communications H1 profit rises 4.5%
BEIJING/SHANGHAI, Aug 25 (Reuters) – China’s Bank of Communications Co Ltd (BoCom) on Friday reported a 4.5% rise in first-half net profit. China’s sixth-largest commercial bank by assets reported a …
Bank of Communications, China Merchants Bank report increasing bad loans amid property crisis
The situation of controlling the risks from the property sector remains serious,’ a Bank of Communications spokesperson says.
China regulator met with foreign investors to alleviate concerns – sources
China’s securities regulator met with representatives from top Western asset managers on Friday to reassure them about the country’s economic prospects, as its post-COVID recovery falters, two people …
Exclusive: China plans to cut stamp duty on stocks by up to 50% to revive confidence-sources
Chinese authorities are planning to cut the stamp duty on stock trading by as much as 50%, three people with knowledge of the matter said, in a further attempt to revitalise the country’s struggling …
China plans to cut stamp duty on stock trading by up to 50% to revive sentiment
In the latest such move, China’s central bank has asked some domestic banks to scale back their outward investments through the Bond Connect scheme, Reuters reported on earlier on Friday, citing …
Analysis-Case Builds for China’s Banks to Cut Deposit Rates
China cut its one-year loan prime rate (LPR) by 10 basis point this week but left the five-year tenor, which influences the pricing of mortgages, unchanged at 4.2%. The People’s Bank of China (PBOC) …
As China’s economy slows, the buck stops with leader Xi Jinping
This approach dragged China’s economy out of the 2008 global financial crisis. It also gave the Communist Party leaders a newfound sense of confidence that the United States and its market liberalism …
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