Despite the PBOC announcing on October 7 that it would cut the RRR – the amount lenders must hold in reserve at the central bank – by one percentage point from Monday to free up…
Tagged By finance
China Threatens Overseas Tax Havens, Will Investors Flock to Crypto?
Chinese investors rely on the Swiss offshore banking industry, Hong Kong real estate market, and foreign stock markets to hoard millions of dollars worth of properties, assets, and cash outside of mai… ( read original…
Envoy Says Beijing Didn’t Want a U.S. Trade War But Will Respond
(Bloomberg) — China’s ambassador to the U.S. said Beijing has no choice but to respond to what … At the close of those meetings, finance officials from several countries, including Japan and Brazil … (…
China’s central bank still has plenty of tools to counter detrimental trade war effect: Governor
China’s central bank still has plenty of tools that it can use to counter the detrimental effects of a trade war, its governor, Yi Gang, said on Sunday. The Asian economic giant is in the…
China central bank chief says plenty of room for monetary adjustments amid trade row
NUSA DUA, Indonesia (Reuters) – China central bank governor Yi Gang said on Sunday he still sees plenty of room for adjustment in interest rates and the reserve requirement ratio (RRR), as downside ri… (…
China’s Too-Big-to-Fail Financial Firms Keep Getting Bigger
Caixin | In most countries, only a handful of financial institutions are large enough to warrant a “too big to fail” label. China isn’t most countries. After a decade of runaway credit expansion and r……
IMF-World Bank ends meetings with call to brace for risks
China’s central bank governor, Yi Gang, joined the chorus of consternation over the trade standoff, which has resulted in Washington imposing penalty tariffs on tens of billions of dollars of imports … ( read original…
Smoking could affect Beijing residents’ chances to get loans
Illegal smoking in Beijing could soon affect the ability of offenders to … from taking flights or trains for their previous misdemeanors during travel as well as financial irregularities. The move w… ( read original…
China echoes IMF pledges to avoid using currency as trade war tool
“China will continue to let the market play a decisive role in the formation of the RMB exchange rate,” Yi said in an International Monetary and Financial Committee (IMFC) statement posted on Saturday … (…
China Won’t Use Yuan as Tool to Deal With Trade War, Yi Says
“China will continue to let the market play a decisive role in the formation of the RMB exchange rate,” Yi said in a statement to the International Monetary and Financial Committee, which was posted o……
China Blinks First In LNG Face-Off With U.S.
Amid the ongoing trade war between the U.S. and China, it seems that Beijing may be getting the short end of the stick already. On Sunday, the People’s Bank of China said it was cutting…
The US is hunkering down for a new cold war with China
China’s president Xi Jinping and US president Donald Trump meet in Beijing in November 2017. The US administration views China as a strategic and economic rival Share on Twitter (opens new window) Sha… ( read…
China may hit US harder as economic rivalry mounts
All views expressed are those of the author(s) and should not be taken as reflecting the views of the Financial Times. After bringing one of China’s leading companies, ZTE, close to collapse earlier t… (…
