China is set to keep its benchmark lending rate steady at its monthly fixing on Monday, a Reuters survey showed, as policymakers seek to limit risk taking in the property sector. A snap poll of…
Tagged By banking
China Tonghai Financial Awarded with “Best Cost-Effective Event”
China Tonghai International Financial (“China Tonghai Financial” or “The Group”) is pleased to announce that it has taken home an impressive testament to its clearly defined marketing position and …
Blue Whale’s Stephen Yiu on why he loves inflation, but isn’t interested in China
Inflation, the rise of China, and the unstoppable march of tech stocks are among some of their main considerations. Financial News asked five renowned investors for their views on the biggest …
Hong Kong Bourse CEO Says China Expansion Will Bring ‘Big Bang of Finance’
Hong Kong Exchanges & Clearing Ltd. Chief Executive Officer Nicolas Aguzin said China’s continued expansion will bring about the next “big bang of finance” as the country will look outward to expand …
U.S. Futures Rise, China Tech Saps Asia; Crude Up: Markets Wrap
U.S. and European equity futures rose Friday while Chinese technology stocks weighed on Asia. Treasury yields and the dollar ticked up as traders evaluated the risk of faster monetary tightening to …
Beijing Bailout and E-Commerce Troubles Hit China
But Xi applied a band-aid on Thursday, announcing a multibillion-dollar bailout for China’s largest bad-debt manager just as e-commerce titan Alibaba reported a weak showing in the third quarter and …
China to Defer More Taxes, Reduce Fees – Securities Daily
China is likely to introduce more tax and fee reductions, a state-backed newspaper reported on Friday citing experts, with one predicting they could amount to more than 500 billion yuan ($78.31 …
China’s coal support continues with $31bn finance promise
China continues to set itself apart from global peers when it comes to coal, allocating more than $31 billion (200 billion yuan) in financing at a time when most global banks are shunning the fuel.
China has growing clout at World Bank, global institutions: Report
China has become the second-largest contributor to the system of development banks.. Read more at straitstimes.com.
China’s embattled Huarong secures US$6.5 billion investment
Chinese state-owned asset manager China Huarong Asset Management said on Wednesday it will receive fresh capital worth 42 billion yuan (US$6.59 billion) from a state consortium led by Citic Group as …
Alibaba Stock Slides After Q2 Revenue Miss As Beijing Crackdown Bites
Alibaba missed Street sales forecasts for the first time in two years last quarter as Beijing’s ongoing crackdown on the tech sector continues to bite.
Report shows China’s growing clout at World Bank, global institutions
With over $66 billion in total capital, China has passed Japan to become the second largest contributor to the system of development banks that provide some $200 billion in subsidized loans to poor …
People’s Bank of China: Reversal repurchase agreements worth USD7.8B
(MENAFN) On Thursday, Nov.16 People’s Bank of China used reversal repurchase agreements to infuse about USD7.8 billion further into banking industry. According to China’s central bank, the cost of …