A State Council meeting on Wednesday chaired by Premier Li Keqiang ordered China’s state-owned policy banks to set up an 800 billion yuan (US$119.6 billion) line of credit for infrastructure projects.
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Mainland China Outperforms, Meituan Earnings Highlight Strong Growth Despite Lockdowns
Asian equities were mixed but mostly lower overnight though Mainland China was an outlier to the upside. Real estate and energy were bright spots in both Hong Kong and Mainland China on positive …
Beijing Plans Subsidies for EV Buyers to Boost Covid-hit Economy
Beijing will offer subsidies to consumers who buy new energy vehicles to replace older cars as the city seeks to stabilize and economy hit by Covid outbreaks and control measures.Most Read from …
China’s dilemma over a curious breed of financial firm
China’s local-government financiers have a complex identity. Tasked with developing land and doing public works, they act on behalf of, and with approval from, city and provincial authorities. Yet at …
Economic Watch: China leverages financial toolbox to spur domestic demand
Faced with resurgences of COVID-19 and external uncertainties, China is maneuvering monetary and fiscal policies to spur domestic demand. A State Council circular released on Tuesday specified …
China’s New Economic Stimulus Could Bolster Metals Demand
Even China isn’t big enough to argue with data, and metals futures are indicating strong selling pressure. Financial analyst company Refinitiv has aluminum, zinc, steel rebar, and iron ore …
Financial sector leads the way for transition to greener future
A “green swan” represents a climate event that takes reference from the “black swan” theory and that, despite being characterized by unpredictability and rarity, can have a profound impact.
China Releases 33 New Stimulus Measures to Boost Economy
… of Finance (MOF), People’s Bank of China (PBOC), and the China Banking and Insurance Regulatory Commission (CBIRC) will guide commercial banks to provide additional financial support for eligible …
China Central Bank to Step up Policy Implementation to Support Economy
China’s central bank will strengthen the implementation of its prudent monetary policy and bring forward steps to support the economy, vice governor Pan Gonsheng said on Thursday. The People’s Bank of …
China’s draft cybersecurity rules pose risks for financial firms, lobby group warns
China’s proposed cybersecurity rules for financial firms could pose risks to operations of western companies by making their data vulnerable to hacking, among other things, a leading lobby group has …
China’s Green Finance Market: Policies, Incentives, Investment Opportunities
China’s green finance market is poised for growth, supported by the development of its green finance system and various government policies and initiatives.
Shanghai reopening: all exchange staff, who have kept China’s largest bourse ticking through two-month-long lockdown, to leave closed loop on June 6
All technicians, compliance officers and back-office clerks will be able to commute from home every day Some employees were allowed to leave the closed loop on Wednesday The Shanghai Stock Exchange …
China banks appeal for relaxation of documentation rules to ease funds flow-sources
Banks in China are urging regulators to relax rigid documentation rules as companies there have not been able to fulfill them due to COVID-19 lockdowns, forcing the lenders to halt services such as …
