China needs to fine-tune its zero-Covid rules to restore investors’ confidence and revive economic growth, says outspoken former finance minister Lou Jiwei, in a rare public warning from a political …
Tagged By banking
China finance ministry to auction 60 bln yuan 2-year bonds on June 24
China’s Ministry of Finance said on Friday that it would auction 60 billion yuan ($9.0 billion) in 2-year bonds on JUNE 24. After the auction, the bon …
China Accepts Ant’s Financial Holding Bid, Reuters Says
China’s central bank has agreed to accept Ant Group Co.’s application to set up a financial holding company, Reuters reported, clearing a path for the fintech giant to potentially revive its listing …
China’s digital yuan extends usage into finance scenarios
China’s digital yuan can now be used in to buy wealth management products, pay for insurance policies, and extend bank loans, as the central bank further expands e-CNY’s application beyond retail …
China likely to keep lending benchmark LPR unchanged amid global central bank tightening
About 90% of traders and analysts in a Reuters survey expected China to keep benchmark interest rates unchanged at its monthly fixing on Monday, as global cen …
Xi Claims Victory in Anti-Graft Campaign Targeting China’s Banks
China’s Politburo declared its anti-corruption dragnet of financial institutions a success, in a potential sign of relief for the $59 trillion sector. The powerful Communist Party body led by …
China Budget Dilemma Is Whether to Boost Debt or Slow Growth
China’s local governments are caught in an unexpectedly severe budget squeeze, creating a dilemma for officials over whether to boost debt or tolerate weaker economic growth.Most Read from …
Recovery expected in China despite Fed hike
China has ample space in monetary policy to achieve steady economic recovery in the second half of the year, bucking the latest acceleration in monetary tightening by the United States, experts said …
China Budget Squeeze Means More Debt or Slow Growth for Regions
China’s local governments are caught in an unexpectedly severe budget squeeze, creating a dilemma for officials over whether to boost debt or tolerate weaker economic growth.Most Read from …
China debt holdings slashed by over 100 billion yuan in May, Beijing eager to ‘safeguard’ currency
Foreign investors sold 110 billion yuan (US$16.37 billion) net of China’s government debt last month, amid growing monetary divergence between its central bank and the US Federal Reserve that could …
China’s No. 2 Online Mall Warns Consumer Recovery Months Away
(Bloomberg) — China’s No. 2 online retailer sees worrying signs that shoppers are reluctant to reopen their wallets even as major cities emerge from bruising Covid lockdowns, suggesting …
China’s loans to Africa will plunge world into next economic crisis, warns German Chancellor
Pointing at the serious danger posed by China lending spree in poorer countries particularly Africa German Chancellor Olaf Scholz warned that this could plu …
China Is Hardening Itself for Economic War
Beijing is trying to close economic vulnerabilities out of fear of U.S. containment. Lebanon’s large refugee population has long given up on their futures in the country. Bruised but not yet broken, …