A bank staff counts Chinese currency Renminbi banknotes at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING — The People’s Bank of China, the central bank, said it will conduct … ( read…
Tagged By finance
Donald Trump is ‘willing to accept more risk’ to counter Beijing aggression, says US official
A senior US government official said President Donald Trump is “willing to accept more risk” in dealings with Beijing as Washington works to build alliances with countries in Asia to check what the … (…
China’s central bank injects 50 bln yuan into market
BEIJING, July 30 (Xinhua) — China’s central bank Thursday pumped cash into the banking system via reverse repos to maintain liquidity. The People’s Bank of China injected 50 billion yuan (about 7.15 … ( read…
China central bank to conduct 5 bln yuan bill swaps on Thursday
China’s central bank said it will conduct a bill swap operation on Thursday to support the issuance and liquidity of perpetual bonds issued by banks to replenish capital. The bill swaps, with a … (…
RPT-FOCUS-China’s Hengli makes bold $20 bln bet to spin coal into fabric
What to do with China’s abundant stock of coal? Chemical giant Hengli plans to make clothes out of it. It may sound like something from ancient alchemy, but the privately-owned Chinese company surpris … (…
CSCEC Finance (Cayman) II Limited — Moody’s affirms China State Construction Engineering Corp’s A2 ratings; outlook stable
Moody’s Investors Service has affirmed the A2 issuer rating of China State Construction Engineering Corp Ltd (CSCECL) and the A2 senior unsecured ratings on the debt issued by CSCEC Finance (Cayman) I … ( read…
China’s flag flies outside a state bank in Beijing, China
China’s national flag flies in front of one of the country’s major state banks, CITIC, in Beijing on Wednesday, July 29, 2020. Profits at Chin’a industrial firms rose for a second month and at the…
China Market Update: Mainland And Foreign Investors Buy The Dip In Chinese Equities
China today 40%………full China A inclusion gets China to … These are on my radar and there will be more details to come. The Financial Times had an article today titled “This surge in Chinese…
Bank Of China Advises Country’s Banks To Avoid SWIFT Messaging
With the economic and political battles between the U.S. and China heating to a boil, one of China’s top banks is urging financial institutions (FIs) to cut their use of the SWIFT financial messaging ……
Currency peg vital for Hong Kong’s status as global finance centre even as US dollar declines, says former monetary authority chief Joseph Yam
Joseph Yam, who helped set up the peg in 1983, still believes it is in the best interests of Hong Kong because it gives confidence to international investors. ( read original story …)
BRI: Asian Infrastructure Investment Bank to convene annual meeting in Dubai next year
The meeting would be held from 27-28 October, 2021, the report said. This is the first time the Beijing-based multilateral development bank will convene its annual meeting in the Middle East, it said, … (…
Xi Jinping uses annual conference of infrastructure bank to spell out China’s multilateral and global ambitions
China reiterated its commitment to multilateralism and global ambition by supporting the Asian Infrastructure Investment Bank, the Beijing-headquartered regional development bank which rivals the … ( read original story …)
China State Construction Finance (Cayman) III — Moody’s affirms China State Construction International’s Baa2 ratings; outlook stable
Moody’s affirms China State Construction International’s Baa2 ratings; outlook stableRead the full article at Moody’s … ( read original story …)
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