BEIJING (Reuters) – China’s state council committee said on Monday it would fend off financial risks in areas including online finance and listed firms’ stock collateral loans. In a post following a m… ( read…
Tagged By finance
China’s Best-Performing Bank Stock May Have More Room to Rise
President Xi Jinping’s push to spur lending in his economy stands to benefit Postal Savings Bank of China Ltd., whose ubiquitous green-fronted outlets have been luring deposits across the nation. This … ( read original…
China’s Alibaba, Tencent Bar Cryptocurrency Transactions on WeChat Pay, AliPay
In a move that will likely make it even harder for cryptocurrency aficionados to trade Bitcoin and its ilk in China, the mobile payments titans of the country have barred crypto-related transactions. … ( read…
China injects $22bn into banking system through loans
The People’s Bank of China injected Rmb149bn ($22bn) into the banking system through loans to commercial banks on Friday, the government’s latest move to encourage stronger credit flows to companies a… ( read original story…
China central bank adjusts yuan fix factors to keep FX market stable
BEIJING/SHANGHAI (Reuters) – China’s central bank said on Friday that it was adjusting its methodology for fixing the yuan’s daily midpoint in order to keep the currency market stable, amid broad doll… ( read original…
China Seeks To Encourage Credit Flows With Loans
To help stimulate credit flows to local governments and companies, The People’s Bank of China has injected 149 billion renminbi – or $22 billion – into the banking system. The government made the move ……
China: Central Bank, Gov’t Caution Public Over Fake Cryptocurrency Schemes
Multiple Chinese authorities issued a stark warning about illegal fundraising attempts claiming affiliation with the cryptocurrency industry in a bulletin Friday, August 24. Sounding the alarm on “law… ( read original story …)
China Central Bank Reintroduces Measure to Bolster the Yuan
BEIJING—China is stepping up efforts to stem the yuan’s rapid depreciation, in a policy shift intended to fend off capital flight and blunt U.S. criticism that Beijing is weakening its currency as par… ( read…
China’s central bank gives itself more leeway on setting exchange rate
China’s central bank has given itself greater leeway to determine the renminbi’s exchange rate, reflecting Beijing’s concerns that the currency could fall rapidly as economic growth slows and the US e… ( read original story…
China Keeps Promises to Wall Street Even as Trade War Drags On
NOVEMBER: China unveils plan to remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures, fund managers and insurers APRIL: Xi vows t… ( read original story…
China warns public over ‘blockchain’ Ponzi schemes
China’s government has warned of “criminals” attracting retail investors into Ponzi schemes using buzzwords such as “blockchain” and “virtual currency”, as official concerns over risk trump support fo… ( read original story …)
Exclusive: China to keep hitting back at U.S. over trade, to boost government spending – finance minister
BEIJING, Aug 24 (Reuters) – China will keep hitting back at Washington as more U.S. trade tariffs are imposed, but its counter-strikes will remain as targeted as possible to avoid harming businesses i… ( read…
China to keep hitting back at US over trade, to boost gov’t spending: Finance Minister
The Chinese government will increase its spending to support workers and the unemployed who are hurt by the trade conflict. BEIJING: China will keep hitting back at Washington as more US trade tariffs … (…
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