From January to November, Beijing’s general public budget revenue reached 597.92 billion yuan ($83.7 billion), a year-on-year increase of 2.7%, according to the Beijing Municipal Finance Bureau. Tax …
Tagged By finance
People’s Bank of China keeps key lending rates steady for second straight month, as expected
People’s Bank of China kept its key lending rates steady for the second straight month during its December fixing, as widely expected. The one-year loan prime rate (LPR), the benchmark for most …
China keeps benchmark lending rates steady as Fed signals fewer cuts ahead
The rate decision came on the back of a widely-expected 25-basis-points rate cut by the U.S. Federal Reserve on Wednesday. The Fed also indicated it will only reduce interest rates twice in 2025, …
UK finance minister to revive regular economic talks with China in January trip, sources says
Britain’s finance minister Rachel Reeves will visit China on a two-day trip in January to revive high-level economic and financial talks that have been frozen since 2019, three people with knowledge …
China’s Overseas Investment Adds to Cash Exodus Weighing on Yuan
Chinese firms from carmakers to miners are ramping up their overseas spending, adding to pressure on the yuan amid an accompanying exodus of foreign capital.
China’s hottest stock rockets 370% on craze for collectibles
Morgan Stanley calls Pop Mart a “global brand in the making.” …
China leaves rates unchanged, weak yuan limits easing
China left its benchmark lending rates unchanged as expected at the monthly fixing on Friday. WHY IT’S IMPORTANT Persistent deflationary pressure and tepid credit demand call for more stimulus to aid …
China One-Year Yield Sinks to 1% for First Time Since 2009
China’s short-term bond yields slumped further to reach the psychological milestone of 1% for the first time since the global financial crisis, as traders ramped up bets on monetary easing.
Paramount-Skydance merger faces a new challenge over concerns about a China-based investor
Proposed Hollywood studio merger between Paramount and Skydance Media has received a new challenge this week.
China tightens oversight of foreign accounting firms’ domestic operations
Foreign accounting organisations are subject to “supervision and management” by the authorities including the finance ministry and public securities bureau …
China Banks Raise Mortgage Rates For the First Time Since 2021
Chinese banks raised new mortgage costs for the first time in three years, as narrowing margins are dragged down by a persistent property slump and slowdown in the world’s No. 2 economy.
China’s central bank offers strongest yuan support since July after dollar gains
The People’s Bank of China set the so-called fixing at the strongest bias since July versus the average estimate in a Bloomberg survey on Thursday …
China must harness cutting-edge AI to transform its finance sector: former PBOC official
The call comes amid a Chinese government drive to revitalise the economy by cultivating “new quality productive forces”.
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