China’s banking and insurance regulator said it would enhance credit support and lower the actual financing costs of small and micro enterprises this year to better support economic recovery.
Tagged By banking
Billionaire investor Ray Dalio warns US, China ‘on the brink’ of war and ‘beyond’ ability to talk
American Enterprise Institute senior fellow Zack Cooper cautions that Ray Dalio’s likely worried that U.S. investors putting money in China will soon face regulation.
China’s Biggest Bank Posts Scant Profit Gain as Margins Shrink
Industrial & Commercial Bank of China Ltd. said profit growth slowed in the first quarter of 2023 as lenders wrestled with shrinking margins and the lingering economic impact of China’s exit from …
Ukraine should use China as leverage to win war with Russia, finance minister says
Ukraine’s Finance Minister Sergii Marchenko tells CNBC’s Silvia Amaro that Ukraine should use China as leverage to win the war against Russia.
China Extends Cash Injections to Curb Month-End Rate Swings
China’s central bank boosted short-term cash injection into the banking system for the 11th straight day, the longest streak this year, as it sought to calm investor concerns over a liquidity squeeze …
China’s factory activity likely grew at slower pace in April
China’s factory activity likely expanded at a slower pace in April, a Reuters poll showed on Friday, pointing to the strains on the manufacturing sector from weak global demand and a slow recovery in …
China may have to bail out one of its poorest provinces
Guizhou, one of China’s poorest and most indebted provinces, has hired one of the country’s a top state-owned distressed debt funds, Cinda, to help resolve its “urgent” debt problems.
Green finance: Greater Bay Area pilot for climate-mitigation projects to meet international standards, draw global investors
China’s Greater Bay Area is promoting several decarbonisation projects that will embrace international disclosure and verification standards as it seeks to draw more green financing to help fund the …
Ukraine: China’s Xi Jinping calls Volodymyr Zelenskyy for first time since Russian invasion
President Xi Jinping appealed to Russia and Ukraine to restart peace talks, according to reports in China, and warned “there is no winner in a nuclear war”, as Beijing attempts to act as a peace…
China Recognizes Ukraine’s Right to Exist. National Security Tensions Still Grip the Global Economy.
A call between Xi Jinping and Volodomyr Zelensky ended awkward questions about China’s belief in Ukraine’s sovereignty. But geopolitical differences still loom.
China’s Tech Funders Worry They Could Be the Next Silicon Valley Bank
The downfall of (SVB) initially rattled China’s tech startups and venture capitalists (VCs). Thus far, its direct impact on China’s tech and venture capital industries has been minimal. Nonetheless, …
China’s Ping An Insurance posts 48.9% rise in Q1 profit
Co of China Ltd saw a 48.9% rise in first-quarter net profit as its investment income improved, China’s largest insurer by market value reported on Wednesday.
China’s controversial property tax appears to clear major hurdle, but questions remain on start date
Implementation of a national household registration system after a decade-long effort could usher in a property tax that would help alleviate local-level government debt pressure and narrow wealth gap …
