BEIJING – China’s central bank drained 20 billion yuan ($3 billion) from the financial system on Monday to ensure stable liquidity. The People’s Bank of China (PBOC) didn’t pump any money into the market through…
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China’s central bank drains 20 bln yuan from market
BEIJING, July 2 (Xinhua) — China’s central bank drained 20 billion yuan (about 3 billion U.S. dollars) from the financial system on Monday to ensure stable liquidity. The People’s Bank of China (PBOC) didn’t pump…
China Development Bank to issue $5.3 bln bonds via ‘connect’ initiative
(ECNS) – China Development Bank (CDB), a major policy bank, is expected to issue 35 billion yuan ($5.29 billion) financial bonds to global investors on July 3 under a “bond connect” plan as the initiative…
Renminbi’s worst month ever sparks US-China currency war fears
The renminbi’s 1.9 per cent fall last week was its second-biggest weekly decline, trailing only mid-August 2015, when the People’s Bank of China shocked global markets by announcing a sudden policy change that unleased a…
Asian shares rally on China rebound; trade worries linger
After falling to fresh two-year lows on Thursday, shares in China rebounded Friday. While analysts said the jump reflected technical factors, it was helped by news that Beijing would ease foreign investment curbs on sectors…
China commerce minister says will significantly widen market access
Zhong said economic globalisation is an irreversible trend and that China will continue to defend the global multilateral trading system. Beijing on Thursday unveiled a long-anticipated easing of foreign investment curbs on sectors including banking…
China regulators free up extra US$100B for bank lending
BEIJING—Chinese regulators have freed up an extra US$100 billion for bank lending in a move financial analysts said could help to reassure investors amid trade tensions with Washington. The reduction on Sunday in reserves banks…
China’s central bank has its eye on the bigger picture as it allows market forces to dictate speed of yuan declines
There are signs China’s central bank is letting market forces dictate the speed of recent declines in the yuan amid the ongoing US-Sino trade tensions, indicating that the exchange rate policy may be gradually shifting…
China: Banking Authority Considers Cryptocurrency Regulations while Venture Fund Announces $90 Million Worth ETH Investment for U.S. Market
A Chinese report hinted at the country’s government considering forming regulations for Initial Coin Offerings (ICOs). Meanwhile, a China-headquartered venture fund announced a massive 200,000 ether (ETH) budget for investing in U.S.-based blockchain and ……
China backs $15bn tech fund to compete with Japan’s SoftBank
China Merchants Fund, to set up one of six funds to participate in tech IPOs as cornerstone investors. The group’s financial arm is active in the Chinese tech sector, recently securing a role as one…
Washington and its allies need to contain Beijing
Now, Beijing has rebuffed Washington’s efforts to engage on the issue. President Xi Jinping told US defence secretary Jim Mattis in Beijing last week that China would not yield “one inch” of the crucial waterway…
China central bank issues guidelines on boosting support for small firms
BEIJING (Reuters) – China’s central bank on Monday issued guidelines for increasing financial support for smaller companies, including expanding financing channels for them, improving the business environment and implementing favorable tax policies. ( read original…
Expat banking woes in Beijing
If there is one tip I need to give to newbie expats in China, it would be “avoid going to a bank as much as possible.” It is too much of a hassle and a…
