As an international financial hub, Hong Kong has a valuable role to play to support mainland China’s commitment to open and reform its economy, said the former People’s Bank of China governor Zhou Xiaochuan, at…
Tagged By finance
Yuan Gives Comfort to Analysts as China-U.S. Yield Gap Dwindles
China’s 10-year bonds yield just 65 basis points more than Treasuries, near the smallest premium since 2016. The People’s Bank of China Governor in April described a 90 basis-point gap as “comfortable”, and noted that…
China warns US trade deals are off if tariffs go ahead
The purchases are meant to reduce America’s massive trade deficit in goods and services with China, which last year came to $337 billion, according to the U.S. Commerce Department. After the apparent cease-fire, global financial…
US commerce secretary in Beijing for talks on trade surplus
BEIJING — U.S. Commerce Secretary Wilbur Ross arrived in Beijing on Saturday for talks on China’s promise to buy more American goods after Washington revived tensions by renewing its threat of tariff hikes on Chinese…
China’s HNA, COMAC sign deal for 200 C919, 100 ARJ21 jets
HNA and COMAC said in a statement that they had signed a strategic cooperation under which HNA had agreed to introduce and operate the jets in China and in overseas markets such as Africa over…
Ross arrives in Beijing for talks on trade surplus
BEIJING (AP) — U.S. Commerce Secretary Wilbur Ross arrived in Beijing on Saturday for talks on China’s promise to buy more American goods after Washington revived tensions by renewing its threat of tariff hikes on…
China’s Central Bank Expands Collateral for Mid-Term Lending
China’s central bank broadened the range of collateral it accepts in its medium term lending operations, adding debt instruments tied to small-business funding and the green economy. The People’s Bank of China said it will…
Will China’s debt woes develop into a full-blown banking crisis?
A rising tide of corporate debt defaults is spooking investors in China’s financial markets and sparking some concern that another banking crisis may be just around the corner. More than 20 mainland firms have failed…
‘The opportunity is massive’: Canada Goose to open two retail stores in China
Amid robust financial performance the company’s shares have more than … cent to $265.8 million and net earnings surged 60 per cent. “What excites me about China is the opportunity to speak to the Chinese…
Exclusive: Late to teapot party, ExxonMobil breaks with tradition in wooing China’s oil market
DONGYING, China (Reuters) – ExxonMobil Corp’s global oil marketing … The team included crude oil traders, products marketers and finance staff from Houston, Singapore, Thailand and Shanghai. At a booth at the center of Dongying’s…
China’s increase in private debt a financial stability risk: OECD
China’s rapid increase in private debt and a pick up in borrowing by property developers as real estate prices soar pose a risk to financial stability, the OECD’s latest world economic outlook says. At the…
People’s Bank of China seen cutting its reserve ratio within weeks
The case for the People’s Bank of China to cut the amount of cash lenders are required to hold is getting stronger. Chinese banks racked up 2.93 trillion yuan ($US457 billion) in medium-term loans extended…
Fidelity on the hunt for under-performing Chinese banking stocks, while avoiding pharmas
While big state-owned lenders, including Industrial and Commercial Bank of China and China Construction Bank, have retreated at least 5 per cent this year amid liquidity tightening and corporate bond defaults, the risk reward is…
