China central bank conducted 100 billion yuan about 14 billion US dollars of 14-day reverse repos at an interest rate of 195 percent Monday The …
Tagged By finance
Federal Reserve Chair Jerome Powell on China Evergrande, AI, Silicon Valley Bank and cybersecurity
The chairman of the Federal Reserve spoke with 60 Minutes about China’s slowing economy, the Fed’s research into the impact of artificial intelligence, and new regulations to prevent failures like …
China Star Fund Manager Wang ‘Not Involved’ in Firm He Founded
One of China’s most prominent fund managers, Wang Yawei, is currently “not involved” in the asset management company he founded, the firm said, after a report last year that he had been detained.
China continues to strengthen financial sector’s role in serving real economy
In 2023, China’s outstanding yuan-denominated loans issued to the real economy surged 10.4 percent to 235.48 trillion yuan, accounting for 62.3 percent of the total outstanding social financing of 378 …
Beijing bank may finance megaproject
(Photo: Government House) The China-led Asian Infrastructure Investment Bank (AIIB) is interested in financing Thailand’s Land Bridge megaproject, says Prime Minister Srettha Thavisin. The …
Liquidation of China’s Evergrande has ‘a lot of similarities’ to Lehman Brothers, analyst says
A Hong Kong court on Monday ordered Chinese real estate developer Evergrande Group — the world’s most heavily indebted property developer — to liquidate its assets.
The Promise and Peril of China’s Strong Yuan Policy
Robert Rubin famously launched a “strong dollar policy” for the US in the 1990s, helping to establish a narrative of American economic strength for the latter half of that decade. Chinese President Xi …
China pledges more help for its ailing property market, as IMF forecasts economy will slow
China’s property sector accounts for nearly a third of the country’s economic activity and an industry-wide meltdown, triggered by a crackdown on excessive borrowing that began several years ago, has …
China gaming: Beijing approves Dungeon & Fighter Mobile among imported titles, giving Tencent a boost
In a surprise move, China’s gaming regulator approved a new batch of foreign video games on Friday, including hit title Dungeon & Fighter (DnF) Mobile to be operated in China by Tencent Holdings, as …
ICBC chairman Chen Siqing resigns as Chinese banking industry undergoes leadership reshuffle
The world’s third-largest lender by market capitalisation has announced a key change at the top, the latest in a slew of leadership reshuffles in the country’s banking sector this year.
China regulator urges banks to improve credit management
China’s financial regulator on Friday issued measures that urge commercial banks to further improve credit management, to better serve the real economy.
China central bank reports 150-bln-yuan in PSL net issuance in January
The People Bank of China PBOC China central bank reported a net issuance of 150 billion yuan 2112 billion US dollars of Pledged Supplementary …
China’s bank wealth management market expands in 2023
BEIJING, Feb. 2 (Xinhua) — China’s bank wealth management market expanded and saw more investors in 2023, industry data showed.
