Geely Automobile Holdings Ltd., the Chinese automaker controlled by Volvo Cars owner Li Shufu, reported a 43% drop in first-half profit after the coronavirus outbreak shuttered factories and decimated … ( read original story …)
Tagged By finance
China Stocks Rally Near Two-Year High on PBOC’s Easing Signal
China’s move to pump cash into its banking system has fueled bets monetary policy will remain loose, driving the benchmark gauge near its highest level in more than two years. ( read original story …)
China shares gain on reform hopes, PBOC boost; securities stocks shine
Securities firms soar on ChiNext listing expectations. PBOC issues 700 bln yuan in medium-term loans. SHANGHAI, Aug 17 (Reuters) – Chinese sha … ( read original story …)
Chinese shares rise as central bank injects cash
China’s CSI 300 index of Shanghai- and Shenzhen-listed stocks gained 1.4 per cent in early trading on Monday after the central bank injected Rmb700bn ($101bn) of liquidity into the financial system … ( read original…
China’s Bank Regulator Warns Dollar Dominance Is Seed of Crisis
China’s top banking watchdog cautioned that U.S. dollar dominance combined with the massive stimulus unleashed by the Federal Reserve could push the world to the edge of another financial crisis. ( read original story …)
China central bank injects 700 billion yuan of MLF loans, rates steady for fourth month
China’s central bank on Monday rolled over maturing medium-term loans while keeping borrowing costs unchanged for the fourth straight month. ( read original story …)
China Adds Cash Into Banking System to Ease Liquidity Stress
China’s central bank injected liquidity into the financial system, seeking to support banks amid intensifying liquidity stress and keep a fragile economic recovery on track.The People’s Bank of China … ( read original story …)
China First Out, Slump-Recovery Ballot, Resilience Test: Eco Day
Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the week:China’s economy, the first to succumb to the coronavirus, is proving to be the fastest … (…
Currency wars: The US dollar threat is becoming very real for China
The US’s willingness to use its dollar’s dominance of global financial activity as a weapon has China nervous. ( read original story …)
Bird’s Nest and Water Cube: Beijing venues were stars, too | Charlotte Observer
That was true in Beijing in 2008, when the stars were Michael Phelps and Usain Bolt. But Beijing is also storied for its signature venues like the the 91,000-seat “Bird’s Nest” stadium, and the nearby…
China’s Pinduoduo To Join Nasdaq-100, Pushing Out NetApp
Nasdaq has announced that Pinduoduo, Inc. (PDD), will join the NASDAQ-100 Index and the NASDAQ-100 Equal Weighted Index before market open on Monday, August 24, 2020.Pinduoduo, one of China’s largest … ( read original story…
US-China tensions: Sectors Beijing and Washington to focus on for ‘economic dominance’
THE US and China will focus their efforts on three main sectors to secure “global economic dominance” over the other, international affairs analyst Agathe Demarais warned. ( read original story …)
China’s Banking Watchdog Warns Fed Easing Risks Financial Crisis
The Federal Reserve’s unparalleled stimulus risks plunging the world into financial crisis, according to the chairman of China’s banking watchdog, who also warned that bad debts at Chinese financial … ( read original story …)
