The restrictions have been introduced by the Industrial and Commercial Bank of China (ICBC), the China Construction Bank (CCB), and the Bank of China, the Russian state news outlet Izvestiya said.
Tagged By finance
Bank of East Asia cut its exposure to China’s troubled commercial property sector last year
Hong Kong’s largest family-owned lender said its non-performing loans in mainland China dropped by 0.47 percentage points to 2.68 per cent at the end of 2023 compared with the first half, as its …
China’s central bank slashes mortgage reference rate to tackle property crisis
(MENAFN) In a bid to address an enduring property crisis, China’s central bank has taken unprecedented measures by slashing its key mortgage reference rate. The People’s Bank of China (PBOC) declared …
Xi Jinping’s Socialist Solution: China’s Response to the Real Estate Crisis
Government authorities are predicted to intervene directly in the house rentals and sales market. According to the Wall Street Journal (WSJ), Chinese President Xi Jinping wants to entrust the state …
China needs to do more on ‘silent crisis’ of debt, says World Bank official
Beijing must be more ready to support countries facing distress, says deputy chief economist …
China’s Property Stocks Gain as Lending Rate Cut Boosts Sentiment
Among individual movers, developer Shimao Group was up 8.3%, China Resources Land added 4.7% and New World Development rose by 5.3%.
China’s new financial regulator pledges transparency to bring investors back from the brink
China’s new financial regulator has made fresh pledges to increase regulatory transparency, stability and predictability, the latest of several attempts to restore investor confidence following a …
China’s central bank unexpectedly cuts benchmark lending rate y 25 bps to 3.95%
China held its one-year loan prime rate on Tuesday, but surprised markets by lowering the five-year rate by 25 bps to 3.95%, according to a statement Tuesday from the People’s Bank of China. Reuters …
China’s central bank cuts benchmark lending rate for the first time since June
The People’s Bank of China cut the five-year loan prime rate (LPR) to 3.95% from 4.2%, while the one-year LPR, which serves as a benchmark for corporate loans, was kept unchanged at 3.45%.
Xi Jinping Leads Push For Communist Principles In China’s Financial Sector Amid Economic Challenges
China’s top financial regulators have vowed to enforce Communist Party principles in the finance sector, emphasizing the importance of serving the economy while avoiding excessive risks. What Happened …
China Cements Grip on Tech as Beijing Tightens Economy Control
China’s ruling Communist Party will play a bigger role in steering its vast technology industry, the latest sign that Beijing intends to exert more influence over swathes of the world’s No. 2 economy.
China central bank cuts benchmark lending rate for the first time since June
The People’s Bank of China cut the five-year loan prime rate (LPR) to 3.95% from 4.2%, while the one-year LPR, which serves as a benchmark for corporate loans, was kept unchanged at 3.45%.
China cuts mortgage reference rate more than expected to revive property market
China cut a benchmark reference rate for mortgages at a monthly fixing on Tuesday as authorities ramped up efforts to stimulate credit demand and revive the property market.
