Beijing unveiled a plan in May for the People’s Bank of China and state banks to mobilise up to Rmb500bn ($70bn) in lending to support local government enterprises to buy up unsold property. Local …
Tagged By finance
China lending at 15-year low as central bank holds rates
The People’s Bank of China held the one-year loan prime rate at 3.35% and the five-year LPR at 3.85%. The two key interest rates were each cut by 10 basis points in July.
Beijing court reports nearly 90% of securities crimes involve insider trading
Nearly 90 percent of securities criminal cases in Beijing involve insider trading or the leakage of insider information, with most offenders being well-educated or holding high-level positions in …
China Market Update: XPeng, Vipshop, And Kuaishou Report Financial Results
Asian equities had a strong day except for Hong Kong and Mainland China, which experienced light volumes and profit-taking following recent outperformance.
China targets cryptocurrencies, online game coins in intensified money-laundering crackdown
Cryptocurrencies, online game coins and tipping during live streaming would be considered money laundering in China, according to the highest judicial bodies, marking the first instance of Beijing …
China Says ‘Please Stop Buying Our Bonds’
Plunging bond yields are a symptom of economic weakness that are easier to fix than curing the country’s troubled economy.
China’s central bank conducts 20.9$ billion via reverse repos Tuesday
China central bank conducted 1491 billion yuan US209 billion of seven-day reverse repos at an interest rate of 17 percent TuesdayXinhu …
PwC loses major client Bank of China amid regulatory probe
Auditor PwC has lost its largest mainland China-listed client, Bank of China, to rival EY, adding to an exodus of clientele amid a regulatory investigation into its work on troubled property developer …
China’s Finance Ministry to Refinance USD56 Billion This Month in Regular Special Bond Repayment
China’s Ministry of Finance will issue CNY400 billion (USD56 billion) worth of special government bonds on Aug. 29 as part of a standard rolling issuance that has been in place since 2017 to pay off…
China plans ‘bigger, stronger’ social security fund to aid ageing society
China will beef up its 2.88 trillion yuan ($406 billion) social security fund, making it “bigger and stronger” to help support its rapidly ageing population as the number of new births and younger …
China holds lending rates steady, focuses on bank stability amid economic slowdown; PBOC signals caution
The decisions reflect a balancing act by China, after PBOC Governor Pan Gongsheng said last … would strike a balance between supporting growth and ensuring the health of financial institutions. That …
China keeps loan prime rate unchanged after surprise cut in July
Investing.com– The People’s Bank of China kept its benchmark loan prime rate unchanged on Tuesday after a surprise cut in July, with Beijijng maintaining ultra-loose monetary policies to help support …
China, US enhance links to boost financial stability
[Photo/Sipa] The world’s two largest economies are strengthening financial cooperation through the China-United States Financial Working Group, in order to jointly address the new challenges brought …