But China’s employment market is weak, with youth joblessness at record highs above 21%. The private sector, responsible for 80% of new urban jobs, is still recovering from regulatory crackdowns on …
Tagged By banking
China Rolls Out Major Mortgage Easing for Homebuyer Support
China unveiled further mortgage easing policies to bolster its residential property market in an attempt to support economic growth.
China Construction Bank warns of pressure on profit margin
China Construction Bank, the country’s second largest by assets, has warned that its profit margin will stay under pressure this year as concerns mount about the health of the country’s $56tn banking …
China’s central bank conducts 221-bln-yuan reverse repos Friday
BEIJING, Aug. 25 (Xinhua) — China’s central bank conducted 221 billion yuan (about 30.74 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Friday. The move aims to …
China Construction Bank says to keep a ‘proper level’ of profit margin
China Construction Bank Corp (CCB) will strive to keep a proper level of net interest margin, CCB President Zhang Jinliang at a post-earnings news conference on Thursday.The bank will continue to …
Bank of East Asia, China Construction Bank earnings marred by rise in bad loans to mainland’s distressed property sector
China’s worsening property crisis saw bad loans rise at Bank of East Asia and China Construction Bank, which tarnished otherwise decent first-half earnings.
China’s yuan is displacing other top global currencies in trade, but not the US dollar
“The higher share of CNY in trade invoicing doesn’t seem to be dethroning USD, but rather pushing out second tier developed market FX, such as GBP.” …
How China’s Economy Collapsing Would Impact the U.S.
After decades of incredible growth, China was widely considered poised to overtake the U.S. as the biggest economy in the world, with its GDP surpassing that of America in the coming 10 to 25 years.
China’s banking institutions report growth in total assets
China’s banking financial institutions saw an increase in total assets, data from the National Financial Regulatory Administration showed. This was reported by …
China’s central bank conducts 61-bln-yuan reverse repos
BEIJING, Aug. 24 (Xinhua) — China’s central bank conducted 61 billion yuan (about 8.49 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Thursday. The move aims to …
China debt: Beijing warned opportunity costs are rising as it seeks comprehensive solution to local government crisis
Beijing has recognised the urgency of its local-government debt crisis, saying last month that it was necessary to resolve it with ‘a comprehensive solution’ International Monetary Fund said that …
Former Chief of Bank of Beijing Out of Touch as Regulators Probe Dealings
Yan, 70, retired from the top position at Bank of Beijing more than six years ago. With 3.5 trillion yuan ($482 billion) in total assets as of the end of March, the Beijing-based bank is…
