Older workers even reckoned that the shortage of jobs was worse than they had seen in the past 10 years, including during the global financial crisis. China’s economy had been slowing even before the ……
Tagged By finance
Beijing and US try to rebuild trust in trade ceasefire
Beijing and Washington on Wednesday sought to reassure shaken financial markets their trade ceasefire could lead to a lasting peace after a global sell-off exposed widespread investor fears that a G20 … ( read original…
Bank of China Plans Perpetual Bond Sale in Capital Push
(Bloomberg) — Bank of China plans to sell as much as 40 billion yuan ($5.8 billion) of perpetual bonds, said people familiar with the matter, in what could be the nation’s first ever issuance of…
Banking institutions in China see rise in assets, liabilities
BEIJING, Dec. 25 (Xinhua) — China’s banking institutions saw an increase in total assets and liabilities, according to data published Tuesday by the country’s top banking regulator. By the end of Nov… ( read original…
China Stocks Pare Slide as State Funds Seen Buying Large Caps
(Bloomberg) — China stocks pared a sharp drop as state-backed funds were seen buying large caps in the afternoon. The SSE 50 Index of some of the country’s largest stocks fell 0.5 percent at the…
China Won’t Resort to Massive Stimulus but More Easing Seen: Central Bank Adviser Sheng
SHANGHAI/BEIJING (Reuters) – China will not resort … local media quoted a central bank adviser as saying in a report on Tuesday. The Chinese economy will face downward pressure in 2019, while … ( read…
China’s Ant Financial swoops on £500m WorldFirst
The payments group affiliated to Alibaba, China’s biggest internet company, is in advanced talks about a $700m (£550m) takeover of WorldFirst, a British currency exchange start-up. Sky News has learnt … ( read original story…
Chinese banks’ shares sink after Beijing reportedly tells them to control profit to support economy
Bank of Qingdao plunged 8.7 per cent … a newspaper run by the People’s Daily, on Thursday. Beijing has been stepping up efforts to stimulate economic growth, which has slowed sharply during the US-C… (…
Beijing vows to reduce meddling in trading after bad year for China stock market
“Beijing has eased the intensity of its crackdown on shadow banking, and has pumped ample liquidity into the interbank market. But the money is just circulating between banks [and not reaching the rea… ( read…
Resumption of Iran-China Banking Ties Runs into Snag: Official
On November 28, Asgaroladi said the hurdles in banking transactions between Tehran and Beijing have been cleared. “As of December 2, a Chinese bank will begin banking transactions with Iran,” he had a… ( read…
China’s central bank continues to inject funds into market
Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, Aug 3, 2018. [Photo/VCG] BEIJING – China’s central bank continued to pump liquidity into the money market through … ( read…
Central Bank Gold Policies – People’s Bank of China
Although there is no official confirmation of gold storage arrangements, it is thought that the Chinese official gold reserves are vaulted in Beijing, China’s capital, and may be under the protection … ( read original…
China fourth-quarter business confidence index lowest since second quarter of 2017: central bank survey
BEIJING (Reuters) – Business confidence among … according to a survey by the People’s Bank of China published on Monday. The entrepreneurs’ confidence index dropped to 67.8 percent in … ( read original story …)
