China’s central bank on Monday kept its loan prime rates (LPRs) for January unchanged from the previous month, with the one-year LPR at 3.45 percent and the five-year LPR at 4.20 percent. Observers …
Tagged By finance
China Market Update: Lack Of Rate Cut Leads Markets Lower
Asian equities were mixed overnight as Japan outperformed, Hong Kong and Mainland China underperformed, and India was off on holiday.
Wall Street set to extend rally amid central bank pause, after China sell off
By Nell Mackenzie and Wayne Cole LONDON/SYDNEY (Reuters) -Wall Street futures looked set to surpass last week’s peaks on Monday, while shares in Hong Kong and China tumbled ahead of a week brimming …
China’s Stock Markets Have Lost Over $6 Trillion As Economic Woes Deepen
The Chinese central bank’s decision not to cut interest Monday vexed investors hoping for a shot in the arm for the country’s slowing economy.
China’s Currency Woes to Weigh on Bitcoin: Crypto Observer
China’s benchmark equity index, the Shanghai Composite, has dropped over 7% to its lowest since March 2020, according to data from the charting platform TradingView. The People’s Bank of China (PBOC) …
China stocks pare losses as central bank holds rates; Taiwan stocks rise after elections
Taiwan stocks rise after Lai Ching-te wins presidential race, China stocks pare back losses as the People’s Bank of China leaves medium-term policy loans rate unchanged.
Chinese Vice-President Han Zheng meets HSBC Group chairman Mark Tucker in Beijing, urges deeper cooperation: state media
We welcome HSBC Group and other international financial institutions to continue to actively participate in China’s financial reform and opening-up and achieve better development in China,’ Han said, …
HSBC chair ‘confident’ on China investment, meets vice president – state media
BEIJING/HONG KONG, Jan 22 (Reuters) – China’s Vice President Han Zheng on Monday met with HSBC (HSBA.L), opens new tab Chairman Mark Tucker in Beijing and urged the banking giant to deepen cooperation …
2023 was a bad year for China’s finances and 2024 won’t be any better
the Chinese threats to invade Taiwan and the tensions between China and many of its neighbors? A climate that hardly favors economic expansion. Feeling broke on a $665K salary: This surgeon and his …
China’s yuan holds steady on unchanged lending rates; offshore yuan liquidity tight
China’s yuan held steady against the US dollar as the central bank skipped interest rate cuts in its market operations on Monday, while offshore yuan funding costs surged to their highest in nearly …
China, DRC talking $7bn in finance, Tshisekedi says
China and Democratic Republic of Congo are discussing $7-billion in financing as part of a renegotiated minerals-for-infrastructure deal, President Felix Tshisekedi said Saturday at his second …
UBS Wealth Arm Says China Stock Recovery Needs Punchier Policies
The benefits of monetary easing by the People’s Bank of China have already been priced in and “punchier” policies are needed to revive the country’s equities, according to the global wealth management …
Why China Is Considering Rarely Used Special Bonds to Stimulate Its Economy
China’s slowing economy is in dire need of more fiscal stimulus. The local governments that used to provide such support are now struggling with a debt hangover and falling income due to the property …
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