… in Hong Kong could have ripple effects very easily into China,” Eurasia Group Director for China Michael Hirson told Yahoo Finance’s On The Move. “What we need to watch for is a real further…
Tagged By finance
China’s Central Bank ‘Close’ to Launching Official Digital Currency
An official at China’s central bank has said the institution is nearing the launch of its digital currency. Speaking at an event in China over the weekend, Mu Changchun, deputy director of the … (…
China’s bank lending weakened in July, suggesting Beijing’s stimulus efforts not working
Chinese monetary data for July was weak across the board, suggesting that Beijing’s efforts to galvanise new lending are not having the intended effect. Chinese banks extended 1.06 trillion yuan … ( read original story…
China fixes yuan midpoint at 7.0211 on Monday — weaker than 7 for three consecutive sessions
The People’s Bank of China set the official midpoint reference for the yuan at 7.0211 per dollar on Monday. Analysts were expecting the Chinese central bank to set the midpoint at 7.0331 per dollar, ……
China stocks rally as tech, financial firms shine
SHANGHAI, Aug 12 (Reuters) – China stocks rallied on Monday as Beijing showed support for its capital markets by relaxing margin financing, while demand for tech stocks also boosted the indexes. ** … ( read…
China stocks rally as regulator loosens margin financing; Hong Kong flat
U.S. President Donald Trump on Friday said he was not ready to make a deal with China and even called a September round of trade talks into question, reviving concerns on financial markets that ……
China fixes yuan midpoint at 7.0211 on Monday
The People’s Bank of China set the official midpoint reference for the yuan at 7.0211 per dollar on Monday — weaker than Friday’s session. This is the third consecutive session where the central bank ……
Typhoon Lekima kills 33 in China as Shanghai financial hub evacuated and damage bill tops $3 billion
The death toll from a typhoon in eastern China has risen to 33, with 16 people missing, and the region is bracing for more travel disruptions as the storm moves further up the coast, state…
Beware China’s dodgy bank bailouts
While Beijing’s moves to deal with the problem appear a positive step, some analysts are wary of the way the rescues are being carried out. There is an unease that listed companies such as Industrial…
China is saving stimulus for trade war winter as Yuan weakens
The U.S.’s labeling of China as a currency manipulator “signifies the trade war is evolving into a financial war and a currency war,” and policy makers must prepare for long-term conflicts, Chen Yuan, … (…
IMF says China should keep Yuan flexible as trade war widens
The IMF said directors on its executive board, which concluded its annual review of China on July 31, “concurred that greater exchange rate flexibility and deeper and better functioning FX markets … ( read original…
China Ex-Central Bankers Warn of Long Currency War With U.S.
The U.S.’s labeling of China as a currency manipulator “signifies the trade war is evolving into a financial war and a currency war,” and policy makers must prepare for long-term conflicts, Chen Yuan, … (…
Chrystia Freeland praises ‘two brave Canadians’ detained in China since December
Canada and China have been locked in a diplomatic dispute since Dec. 1 when Canadian authorities arrested Huawei Technologies Co Chief Financial Officer Meng Wanzhou in Vancouver on a U.S. warrant. … ( read original…
