China’s local governments have issued nearly 2.55 trillion yuan (about 393.37 billion U.S. dollars) worth of bonds in the first five months of this year, according to the Ministry of Finance. Of the …
Tagged By finance
China’s central bank leads Fed in weaning economy off stimulus
China’s central bank is a step ahead of its US counterpart in reining in its Covid-19 emergency stimulus, relieving potential market pressure from the Federal Reserve’s looming shift in policy.
Senators call on Biden to sanction Beijing over closure of Hong Kong’s Apple Daily
A bipartisan group of senators is calling on President Biden to impose sanctions on the Chinese Communist Party for shutting down the Hong Kong newspaper Apple Daily, a move that has added to ongoing …
China holds central bank bills swap ops
BEIJING: The People’s Bank of China, the central bank, conducted this year’s sixth central bank bills swap (CBS) operation on Friday to improve the liquidity of perpetual bonds issued by commercial …
World Bank approves 630 mln USD for China environmental projects
The World Bank has approved loans worth 630 million U.S. dollars to finance two environmental projects in China to help reduce plastic pollution and support green investment in the country. The World …
Lenovo, China Minsheng Bank to develop new fintech ecosystem
Tech player Lenovo has entered a partnership with a China-based lender for the creation of a ‘new fintech …
China backs Hong Kong to join RCEP trade deal in potential boost to city’s flagging logistics sector
China’s central government says it supports Hong Kong’s ‘early accession’ to the Regional Comprehensive Economic Partnership (RCEP), in what could be a boost to the city’s flagging logistics sector.
China stocks post weekly gain on financials boost
China stocks jumped on Friday to snap three straight weekly losses, powered by gains in heavyweight financial firms.
China stocks rise on financials boost, set for weekly gains
China stocks climbed on Friday, and are on track to snap a three-week losing streak, underpinned by gains in heavyweight financial firms. ** The CSI300 index rose 1.3% to 5,221.49 points at the end of…
China May local govt special bond issuance at 452.4b yuan
Local governments issued bonds, including special bonds, totaling 875.3 billion yuan in May, up from 775.8 billion yuan in April.
China’s tight fiscal policy could ‘ease off’ in second half of 2021: Deutsche Bank
Michael Spencer of Deutsche Bank expects the People’s Bank of China to start raising interest rates early next year.
China & Hong Kong Take Strides Towards Financial Relationship
China has taken another step towards the integration of the country’s financial system with global markets that could see billions of dollars flow into Hong Kong. The Wealth Connect Programme would …
China digital currency: could Beijing’s advanced e-yuan replace smaller Asian currencies?
Financial authorities are weighing threats to monetary sovereignty as the race to launch a central bank digital currency (CBDC) heats up.
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