BEIJING, March 10 (Reuters) – China’s central bank has basically exited from regular intervention on foreign exchange, and the yuan exchange rate is not a major concern when deciding monetary policy, … ( read original…
Tagged By finance
Build stronger securities brokers for financial security: CPPCC member
He told China.org.cn that securities brokers play an important role in minimizing financial risk and stabilizing the market during times of economic wavering. During China’s continual market fluctuati… ( read original story …)
China Feb new bank loans fall but policy support still on track
BEIJING (Reuters) – New bank loans in China fell sharply in February from a record the previous month, but the drop was likely due to seasonal factors, while policymakers continue to press lenders to ……
U.S., China to Observe Market Forces on Currencies, Yi Says
(Bloomberg) — China and the U.S. have reached consensus on many “crucial” issues including a commitment to observe market-oriented exchange rate mechanisms, People’s Bank of China Governor Yi Gang sa… ( read original story …)
China Deal Would Mean ‘Very Big Spike’ for Markets, Trump Says
(Bloomberg) — President Donald Trump said that the U.S. will enjoy a “very big spike” in stock markets if he closes a trade deal with China. “As soon as these trade deals are done, if…
Why is Huawei’s Meng Wanzhou such a big deal? She’s treated like a ‘princeling’ in China
By 2011, Huawei was introducing her at public events as its chief financial officer. Being both a top-level executive at Huawei and the daughter of one of China’s entrepreneurial heroes has meant Meng … (…
China’s Retail Investors Are No Suckers
of China Ltd., a $65 billion giant, could decline more than 50 percent over the next year. Shortly after Citic’s note, Huatai Securities Co. cut its rating on CSC Financial Co., a fellow brokerage. (…
China promises ‘all necessary measures’ to defend companies
China’s government has demanded Canada release Huawei’s chief financial officer. She is fighting U.S. efforts to extradite her to face charges of lying to banks about dealings with Iran. Wang gave no … ( read…
China Ever Grand Financial Leasing Group Co Ltd
China Ever Grand Financial Leasing Group Co., Ltd., through its subsidiaries, manufactures polishing compounds and accessories under its own brand name. The Company also trades different types of indu… ( read original story …)
Tesla Reaches China Bank-Loan Agreement for Gigafactory
(Bloomberg) — Tesla Inc. secured as much as $521 million in loans from Chinese banks to build a vehicle and battery factory in the country, putting the carmaker a step closer to producing Model 3…
FX controls are relaxed in China
With the renminbi stabilizing of late partly due to easing Sino-US trade tensions, China has slightly relaxed capital and FX controls in 2019. In early 2018, People’s Bank of China issued a regulation … (…
China’s Quiet Central Banking Revolution
Since Yi Gang became governor in March 2018, the People’s Bank of China has improved its communications, boosted its transparency, and moved toward a flexible exchange rate. Although the PBOC has plen… ( read original…
Bank of Canada maintains overnight rate target at 1 ¾ per cent
Meanwhile, progress in US-China trade talks and policy stimulus in China have improved market sentiment and contributed to firmer commodity prices. For Canada, the Bank was projecting a temporary slow… ( read original story …)
