Tensions between the Philippines and China over competing maritime claims have added to pressures on the peso that has slumped to a seven-month low, and “an escalation would be a big concern” for investors,
Tagged By finance
China Bank Savings posts record net profit in 2023
CHINA BANK Savings (CBS), the thrift arm of listed China Banking Corp. (China Bank), booked a record net income in 2023, it said on Monday. CBS’ net profit rose by 17% year on year to…
China’s Small-Cap Stocks Extend Rout on Tighter Market Oversight
A selloff in Chinese small-cap stocks extended Tuesday as tighter market oversight pledged by the cabinet sparked fears over the delisting of those with weak financial health.
China’s Central Bank Holds Key Policy Rates, Drains Liquidity From Banking Sector
China’s central bank kept key policy rates steady on Monday, suggesting that benchmark loan rates could remain on hold later this month.
Beijing’s call for ‘new mindset’ in Hong Kong shows city leaders must step up, analysts say
Xia Baolong, director of the State Council’s Hong Kong and Macau Affairs Office, urged city to adopt ‘new mindset’ and rely on more than its traditional advantages Analysts say call signals central …
China economy seen slowing in Q1 on housing, consumer woes
China’s economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity.
China central bank says it will improve risk monitoring
China’s central bank will improve the mechanism for identifying systemic risks and improve risk monitoring and assessment systems, the bank said on Monday. In a statement about financial stability published on its website, the People’s…
China economy seen slowing in first quarter on housing, consumer woes
China’s economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity.And observers …
Chinese Stocks Advance as Beijing Renews Regulatory Support
Chinese stocks gained Monday as renewed regulatory support from Beijing shielded the market from a broader selloff hitting Asia. Most Read from BloombergIsrael Versus Iran — What All-Out War Could …
China set to post slowing growth on housing, consumption woes
China’s economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity. And analysts say state…
China Struggles to Kick Deflationary Concerns
A manufacturing-led recovery has sparked trade frictions abroad, but weak price growth shows consumption lags behind at home.
China Development Bank lends nearly 267b yuan for infrastructure development in Q1
BEIJING — China Development Bank said it had issued 266.9 billion yuan ($37.61 billion) in loans during the first quarter of 2024 to bolster the advancement of infrastructure projects. Funds were channeled to 102 key…
China Drains Cash Via MLF for Second Month Amid Yuan Concern
China withdrew cash from the banking system for a second consecutive month, signaling its caution toward monetary easing as currency depreciation pressures mount.
