China is seeking to replenish its strategic crude stockpiles with cheap Russian oil, according to people with knowledge of the plan. This is a sign Beijing is strengthening its energy ties with Moscow …
Tagged By finance
European shares rally as China c.bank stimulus lifts recovery hopes
European shares opened higher on Friday, as hopes of an economic recovery in major trading partner China were bolstered by more central bank stimulus, but a gauge of regional shares was set to end the…
GLOBALink | Preservation capacity enhanced at China’s seed bank for cold-region crops
The expansion of China’s only seed bank for cold-region crops has been completed recently to raise its seed preservation capacity from 80,000 to 200,000 samples. The crop germplasm bank, located in …
China round-up: PBoC makes big cut on LPR
On Friday morning, the People’s Bank of China released the loan prime rate (LPR), China’s benchmark lending rate, for May. While one-year LPR was unchanged from the previous month at 3.7%, the …
China’s growth, stability serve as regional public goods, says World Bank economist
(Xinhua/Li Bo) “China has become more and more important for this region,” and what happens in China matters for the whole region, World Bank East Asia and Pacific Chief Economist Aaditya Mattoo told …
China cuts 5Y Loan Prime Rate more than expected
China has cut its five-year Loan Prime Rate more than expected while keeping the one-year rate the same. Why? Supporting the property market may be part …
BRICS bank issues 7-bln-yuan bond in China’s interbank bond market
BRICS New Development Bank (NDB) has issued an RMB-denominated bond of 7 billion yuan (about 1.04 billion U.S. dollars) in China’s interbank bond market with a maturity of three years, the bank said …
China’s Central Bank Makes Unexpected Rate Cut as Growth Crumbles
China’s central bank cut a key interest rate while keeping another unchanged, an unexpected shift that economists said would likely help the moribund housing market but bring only limited relief to …
China Stocks Face Big Risk as Thousands of Hedge Funds Near Point Where They Have to Dump Shares
China’s almost-trillion dollar hedge fund industry risks worsening the turmoil in its stock market as deepening portfolio losses trigger forced selling by some managers.Most Read from BloombergOne of …
Banks cut key rate by record to boost China’s ailing economy
Chinese banks cut a key interest rate for long-term loans by a record amount, a move that would reduce mortgage costs and may help counter weak loan demand caused by a property slump and Covid…
China Banks Cut Key Rate by Record to Boost Ailing Economy
Chinese banks cut a key interest rate for long-term loans by a record amount, a move that would reduce mortgage costs and may boost weak loan demand amid a property slump and Covid lockdowns.Most Read…
China PBOC Cuts Five-Year Benchmark Lending Rate
China’s central bank lowered the benchmark lending rate for loans with tenors of five years or more, a move that could help lower financing costs for struggling businesses.
China holds one-year benchmark lending rate, but mortgage reference rate cut amid economic slowdown
China’s one-year loan prime rate (LPR) was held at 3.7 per cent, the People’s Bank of China (PBOC) said on Friday The five-year LPR, which is the reference for mortgages, was cut from 4.6 per…
