Currencies across emerging markets strengthened on Friday as the dollar recoiled from recent peaks, while stocks were led higher by Chinese equities on hopes of more stimulus from Beijing. MSCI’s …
Tagged By finance
China’s currency weakens as its economic woes mount
China’s government-influenced currency is tumbling — and it’s close to crossing a somewhat sensitive milestone relative to the dollar. Why it matters: The drop in the value of the currency, officially …
China’s Aug New Bank Loans Rise Less Than Expected, Credit Growth Slows
Banks extended 1.25 trillion yuan ($180.63 billion) in new yuan loans in August, up from July but below analysts’ expectations, data released by the People’s Bank of China (PBOC) on Friday showed.
China consumer, producer price growth both ease further
China’s consumer price (CPI) index rose by 2.5 per cent in August from a year earlier, while the producer price index (PPI) rose by 2.3 per cent last month, data released on Friday showed.
China’s yuan firms on PBOC guidance, but set for 4th weekly loss
China’s yuan extended gains on Friday as the dollar eased, alleviating some imminent worries over a breach of the key 7 per dollar mark, while the central bank continued to stabilise the market …
China (Beijing) Digital Finance Forum 2022 held in Beijing
CNY (digital yuan) experience zone at the China (Beijing) Digital Finance Forum 2022 in Beijing, capital of China. The China (Beijing) Digital Finance Forum 2022 themed “Innovate Together: Governance …
Mortgage-backed green securities are surging in China as Beijing favours environmentally friendly buildings, Fitch says
Mortgage-backed green securities have surged in popularity in China, as Beijing prioritises environmentally friendly … an analyst at Sustainable Fitch, the sustainable finance research unit of the …
China’s Yuan Focus Spurs Talk It May Hold Back Adding Liquidity
China’s efforts to stem the yuan’s weakness are spurring bets that it may refrain from boosting liquidity in the banking system in the near term, even as Covid lockdowns and a property slowdown …
China and India bought $9 billion worth of additional Russian crude in the 2nd quarter, undercutting the West’s attempt to squeeze Moscow’s finances
India’s imports of Russian oil surged from 0.66 million tonnes in the first quarter to 8.42 million tonnes in the second, the Financial Times said.
China surpasses US in corporate debt sales as the world’s 2 largest economies see starkly different central bank policies
Yuan-denominated debt issuance by non-financial firms totaled about $306 billion between April and August, according to Bloomberg.
China’s yuan dilemma: Beijing ‘faces a choice’ between cutting rates and a weakening currency
Depreciation pressure on the yuan may constrain China’s ability to expand monetary policy in the second half of the year to shore up slowing economic growth, economists say.
China Evergrande’s Stake in Regional Bank Sold for $1.05 Billion
A consortium of state-owned and private companies was the sole bidder for Shengjing Bank’s shares in a court-arranged auction.
China’s Lending Strategy in Emerging Markets Risks Prolonging Borrowers’ Pain
Financial stress in developing countries is testing Chinese lenders’ approach, which has included rescheduled payments and more credit for troubled borrowers.