On June 6, 2023, the 31st China International Information and Communication Exhibition, also known as PT EXPO CHINA, organized by the Ministry of Industry and Information Technology and hosted by …
Tagged By banking
China May new bank loans rise to 1.36 trln yuan, but miss forecasts
China’s new bank lending rose to 1.36 trillion yuan ($190.18 billion) in May, central bank data showed on Tuesday, up from April but missed analysts’ expectations. Economists polled by Reuters had …
China central bank seen cutting medium-term policy rate: Reuters poll
China’s central bank is widely expected to cut the borrowing cost of medium-term policy loans for the first time in 10 months on Thursday, after it lowered two key short-term policy rates, a Reuters …
China to ‘further open up’ finance sector
China is reportedly set to ‘open up’ its financial sector further. Li Yunze, the newly appointed director of China’s National Administration of Financial Regulation (NFRA), has …
Digital inclusive finance: Promoting household risk mitigation in China
Digital inclusive finance has emerged as a significant innovation in recent years in China. Access to finance has the potential to offer numerous advantages for households and individuals, including …
Treasury Secretary Janet Yellen says IMF, World Bank help counter China
Treasury Secretary Janet Yellen told Congress on Tuesday that institutions like the IMF and World Bank were important for serving as counterweights to China.
Greenwich Economic Forum brings next investment conference to Hong Kong as financial leaders look to reopening of China
The Greenwich Economic Forum (GEF) will host its first event outside the U.S., with a conference on Thursday and Friday in Hong Kong. In one of the world’s top financial centers, GEF officials are …
Middle East Is Latest Area Where Beijing Tests Washington’s Long Dominance
President Abbas is visiting the Chinese capital in what is described as a Palestinian attempt to revive a moribund, American-led peace process.
IMF, World Bank are key counterweights to China: Yellen
US Treasury Secretary Janet Yellen said Tuesday that international financial institutions like the IMF and World Bank “reflect American values” and serve as key counterweights to “unsustainable …
China considers stimulus proposals to boost economy: Chart of the Day
Yahoo Finance Live anchor Rachelle Akuffo examines the impact stimulus proposals could have on China’s economy, as illustrated in today’s Chart of the Day.
China’s CB lowers a short-term lending rate to support recovery
China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore market confidence and prop up a stalling post-pandemic recovery in the world’s second …
China Central Bank Cuts Standing Lending Facility Rates
By Xiao Xiao China’s central bank cut interest rates on a key monetary policy tool for the first time since August on Tuesday, shortly after it …
China cuts key policy rate as post-Covid recovery fizzles; yuan hits 6-month low
Following the decision, China’s sovereign bonds rose in price. The yield on the nation’s 10-year government bond fell roughly 4 basis points and stood at 2.645%, marking the lowest it’s been in nine …
