(Bloomberg) — China’s central bank acted to release cash into the economy to support growth, cutting the amount of cash lenders must hold as reserves by 1 percentage point. The required reserve ratio … (…
Tagged By finance
China cuts banks’ reserve ratios by 100 bps as economy slows
BEIJING (Reuters) – China’s central bank said on Friday it was cutting the ratio of cash that banks must hold as reserves by 100 basis points (bps), as it looks to reduce the risk of…
China says US envoys due in Beijing for talks on trade fight
The dispute has rattled companies and financial markets that worry it will drag on global economic growth that is showing signs of declining. Trump wants Beijing to roll back plans for state-led devel… ( read…
China’s money rates drop; more targeted easing on the way
SHANGHAI, Jan 4 (Reuters) – China’s primary money rates fell sharply in the first week of 2019 as a year-end surge in cash demand abated and the central bank broadened the scope of targeted reserve…
China’s Banks Should Not Be Used As Fiscal Vehicles While Supporting Private Firms
For reference, a U.S. big bank’s interest rate for loans for small businesses is set between 5% and 11%, fully taking into account risk-based pricing. China is experiencing an economic downturn, and w… ( read…
China will cut banks’ reserve requirements, taxes: Premier Li
China will also step up “countercyclical adjustments” of macro policies and further cut taxes and fees, Li said. Li made the statement at a meeting with officials of the country’s banking and insuranc… ( read…
China urges banks to boost small business financing
and Bank of China and hosted a forum at the China Banking and Insurance Regulatory Commission, according to a cabinet statement. Mr Li said the government would increase counter-cyclical adjustment po… ( read original story…
China stocks rebound, financial firms lend support; Hong Kong rises
SHANGHAI, Jan 4 (Reuters) – China stocks bounced back from a more than four-year low on Friday, as optimism about trade talks with the United States helped sooth investor nerves and after a private su……
China, U.S. Vice Ministers to Hold Trade Talks Starting Monday
(Bloomberg) — Sign up for China Rising, a new weekly dispatch on where China stands now and where it’s going next. China said a U.S. delegation will visit next week for trade talks, confirming the…
Beijing confirms US trade talks amid rising diplomatic tension
Chinese officials are set to meet with their US counterparts for trade talks in Beijing on January 7 and 8 … last month of Meng Wanzhou– Chinese telecoms group Huawei’s chief financial officer – in…
Young Beijing shoppers’ appetite for latest iPhones wanes
There were long queues around the block when Apple opened its first store in China, in Beijing’s trendy Sanlitun shopping … a 26-year-old working in finance, who was browsing inside a small Huawei s… (…
As Apple feels the pinch of China’s stumbling economy, experts fear Canada is next
While Apple’s stunning announcement this week shook financial markets, its cause could shake the … But there could be a much larger indirect effect, given China’s outsized impact on the global econo… ( read original…
KBank looks to startup tech to support the digital bank
KBANK China has plan to inject Bt8 billion in Chinese startups within the next five years in order to utilise disruptive technology to support the digital bank. Vongpat Bhuncharoen, president of KBank … ( read…
