BEIJING – China’s monetary policy has provided significant support to the real economy and has proved to be well-calibrated, Yi Gang, governor of the People’s Bank of China (PBOC), said Monday. As the …
Tagged By finance
China pledges to cooperate with nations on outer space exploration
China is willing to work with other countries to strengthen exchanges and cooperation to jointly explore the universe, peacefully utilize outer space and promote space technology to better ben …
China Withdraws Cash From Banking System as Bond Sell-Off Cools
China withdrew short-term cash from the financial system for the first time in nearly two weeks, as a sell-off in government and corporate bonds eased. The Peoples …
Beijing tops on competitive pay in mainland market with nearly $30,000 average annual salary
The latest national data show that Beijing leads the salary ranking on the Chinese mainland with an annual average approaching 200,000 yuan ($27,920) in 2021, followed closely by Shanghai. Separately, …
China c.bank deputy governor: Foundation of economic recovery not solid yet
China’s major economic indicators recovered and stabilised recently but the foundation of the country’s economic recovery is not solid yet, deputy governor of the central bank Xuan Changneng said at …
COVID in China sets sterling for biggest daily fall in two weeks
Sterling slipped against a strengthening U.S. dollar on Monday as global risk sentiment was dented by rising COVID-19 cases in China, which led to new restrictions in the world’s second largest …
China regulator plans to improve balance sheets of ‘good quality’ developers
China needs to implement plans to improve the balance sheets of “good quality” property developers reeling from a cash crunch in the sector, the head of the country’s securities regulator said on …
China tells banks to step up credit support for economy
China’s banks should step up credit support for the economy, including expanding medium to long-term loans to support infrastructure investment, the central bank and the banking and insurance …
UPDATE 1-China’s central bank drains short-term liquidity for first time in 8 days, bond markets recover
China’s central bank drained short-term liquidity from the banking system for the first time in eight trading days on Monday, as bond markets recovered from a recent sharp sell-off. The People’s Bank …
China Urges Banks to Maintain Stable Property Financing
China’s financial regulators have asked banks to stabilize lending to property developers and construction firms, the latest effort by policymakers to turn around the real-estate crisis and bolster …
China’s financial hub Shanghai plans to boost 5G coverage
China’s financial hub Shanghai is expected to have over 77,000 5G base stations by the end of 2023 as part of the city’s efforts to boost 5G coverage, local authorities said. More than 4,000 …
WRAPUP 2-Several Beijing districts shut schools as China COVID cases rise
Students in schools across several Beijing districts buckled down for online classes on Monday after officials called for residents in some of its hardest-hit areas to stay home, as COVID cases in …
Indian markets open in the red tracking Covid-19 concerns in China – Tata Steel, Tata Motors, Zomato and others in focus
Indian markets made a negative opening for the week tracking fresh outbreaks of Covid-19 in China, and the outcome of Fed outlook later this week. While the 30-stock Sensex opened 207 points down at …