China took steps to support the weakening yuan Thursday, after a resurgent dollar pushed the currency to a fresh two-year low.The People’s Bank of China set its yuan reference rate at a …
Tagged By banking
Exclusive-Some Chinese financiers cold shoulder Beijing’s property rescue call-sources
Some of China’s state-backed financial institutions are pushing back on Beijing’s calls to support the embattled property sector due to concerns about the impact of such exposure on their balance …
Supply chain finance stepping into a new era
“With the advance of technologies, the supply chain finance is now ushering in a new development stage featuring digitization and also receiving policy support,” said Hu Yuefei, president Bank, at the …
China’s UN envoy: Bloc confrontation must be rejected
Obsessing over military forces and seeking absolute security will lead only to constant escalation of the regional situation, which is not in the interest of any party, Zhang Jun, China’s permanent …
China’s small, regional banks gain lifeline with planned NPL disposal initiative
But local asset management companies may face pressure to acquire bad debt at prices that make it challenging to earn a commercial return. China’s proposed resolution to accelerate non-performing loan …
Investors are bearish on China, but have more to fear in the US
China’s zero-Covid policy and property crackdown have undermined attempts to boost growth and dashed investor confidence – but at least expectations are in line with reality In the US, markets are …
China Adds 1 Trillion Yuan More of Stimulus to Rescue Growth
China stepped up its economic stimulus with a further 1 trillion yuan ($146 billion) of measures to bolster growth and curb the fallout of repeated Covid lockdowns and the crisis in the property …
China Adds 1 Trillion Yuan More of Stimulus to Rescue Growth
China stepped up its economic stimulus with a further 1 trillion yuan ($146 billion) of measures to bolster growth and curb the fallout of repeated Covid lockdowns and the crisis in the property …
China to promote fiscal, monetary policies to support job stabilisation-minister
China will focus on expanding jobs and promote fiscal, monetary and industrial policies to support job market stabilisation, Li Zhong, Vice Minister of the Ministry of Human Resources and Social …
China-funded green sewage treatment plant boon for millions in Dhaka
Aerial photo taken on Aug. 24, 2022, shows the China-funded Dasherkandi Sewage Treatment Plant in Dhaka, Bangladesh. (Xinhua) The China-funded green sewage project in Bangladesh, Dasherkandi Sewage …
Cracks emerge in Beijing’s financial system after homebuyers resent against Chinese authorities
Beijing [China], August 24 (ANI): Owing to the deep recession … Andrew Collier, who served as the president of Bank of China International USA, writing for Nikkei Asia said that without the property …
Faced with an overseas debt crisis, will China change its ways?
Crippled by fuel and food shortages, the country is seeking a bail-out from the International Monetary Fund after defaulting on its debt in May. Pakistan, another big borrower, is also on the brink of …
China faces a new test of its economic statecraft
The writer is senior research fellow on China in the Asia-Pacific Programme, Chatham House. When President Xi Jinping came to power in 2012, his vision was for China to become a l …
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