The Chinese yuan may “already be overvalued” against the U.S. dollar and will likely move lower, Japanese financial firm Nomura says. The United States reportedly wants to mandate a “stable” yuan as p… ( read…
Tagged By finance
China’s Communist Party affiliate seeks ban on child news anchors
An affiliate of China’s ruling Communist Party has called for a ban on … violates their privacy and causes financial losses due to “irrational” rewards to the network anchors, The Beijing News quote… ( read…
China is strangling its private champions
In the name of risk management, the People’s Bank of China in January officially became the custodian of all deposits from third-party payment groups, a transition that started in 2017. Before then, t… ( read…
China orders its airlines to suspend use of Boeing 737 MAX aircraft
SHANGHAI (Reuters) – China’s aviation regulator said on Monday it had ordered … Caijing, a Chinese state-run news outlet that covers finance and economics, said many flights scheduled to use 737 MAX … ( read…
WRAPUP 1-China c.bank pledges more policy support as bank lending slides
* Feb new loans at 885.8 bln yuan vs forecast 975 bln yuan * Feb M2 money supply up 8.0 pct y/y vs forecast 8.4 pct * Feb TSF at 703 bln yuan vs forecast…
Japan sees global growth risks persisting on trade war, China slowdown
TOKYO (Reuters) – Downside risks in the global economy are likely to persist over the medium to long term, pressured by the Sino-U.S. trade war and a slowdown in China, Japan’s top financial … (…
China’s Social Financing Up, Overall Loans Fall Ahead of Looming Stimulus
China’s central bank says lending activity in the country was solid last month, although the total value of issued loans dropped from January’s highs despite Beijing’s efforts to encourage official le… ( read original story…
China’s leaders talk more openly about growth risks
“Domestically, we are facing many financial risks.” Mr Yi, the governor of the People’s Bank of China, said China’s prudent monetary policies were unchanged despite the absence of the word “neutral” f… ( read original…
China mulls reprieve for some shadow bankers to stop fall in growth
China might allow a return of some shadow banking operations as long as their lending “benefits the real economy” and does not support speculation, according to a senior banking regulator. The move co… ( read…
China central bank pledges more policy support as bank lending slides
BEIJING (Reuters) – China’s central bank on Sunday pledged to further support the slowing economy by spurring loans and lowering borrowing costs, following data that showed a sharp drop in February’s … ( read original…
China will not devalue renminbi to spur exports: central bank chief
China has gone to great lengths to support its currency and would not devalue the renminbi to spur exports or combat trade frictions, the governor of the central bank said Sunday. Speaking on the ……
U.S., China Have Reached Consensus on Many Vital Issues, Yi Says
(Bloomberg) — China and the U.S. have reached consensus on many “crucial” issues and and have discussed the need to observe the “autonomy” of each other’s monetary policy, People’s Bank of China Gove… ( read…
China banking regulators tell banks to boost support for rural economies
BEIJING, March 10 (Reuters) – China’s banking and insurance regulators have issued a notice to commercial banks to boost financial support for the country’s rural areas. In a notice issued on March 8, … (…
