The Chinese central bank said it would lower the amount of foreign-exchange deposits banks will have to hold, a move seen as a bid to shore up the yuan.
Tagged By finance
China property market crisis deepens
On Wednesday, the real estate developer Country Gardens, until recently held up as a model of financial stability, announced that it had made a record loss of 48.9 billion renminbi, the equivalent of …
China’s biggest homebuilder ‘Country Garden’ on verge of financial collapse: Report
China’s largest property developer, Country Garden, said that it faced a loss of USD 7.1 billion in the first six months of the year …
China’s central bank to cut FX reserve ratio
China’s central bank said Friday that it would lower the amount of foreign-exchange deposits banks will have to hold, a move seen as a bid to shore up the yuan.
Marketmind: Asia kicks off September with eyes on Beijing
But September could offer a fresh start. Recent policy decisions and other steps taken by Beijing and Chinese firms to jump start investor sentiment and support local markets has had an effect.
China Stock Market Rallies Again As Beijing Pumps Up Stimulus; Is It A False Dawn?
The China stock market rallied again on Tuesday as Beijing unveiled another new stimulus measure, putting more money in consumers’ pockets.
China’s economy isn’t on the verge of collapse, and markets are overlooking these indicators, China Beige Book says
There has been a rebound in car, furniture, appliance and luxury purchases, said Shehzad Qazi, managing director of China Beige Book.
China-Europe ties: EU narrows search for new Asia chief to 3 candidates with front runners hinting at bloc’s Beijing priorities
The European Union is looking for a new Asia chief to steer its changing China policy, with veteran official Gunnar Wiegand set to retire on Thursday. The bloc’s External Access Service (EEAS), its de …
Former staff of China-led bank dispute ex-PR chief’s allegations of Beijing influence
Canadian Bob Pickard quit the Asian Infrastructure Investment Bank in June, alleging the bank is controlled by Beijing’s ruling class and serves China’s geopolitical ambitions …
China’s Slowdown Is Being Ignored by Global Macro Managers
Global financial markets are showing few signs of fretting over all the negative headlines from China, however discouraging they may seem.
China’s Country Garden faces crucial vote to delay onshore bond payments
By Xie Yu, Clare Jim and Li Gu HONG KONG/SHANGHAI (Reuters) -Embattled Chinese property developer Country Garden faces a critical test of investor confidence on Thursday, as creditors prepare to vote …
China is on track to become ‘too risky’ and ‘uninvestable,’ Gina Raimondo says after Beijing visit
Official figures show foreign investment plunged in the latest quarter. Raimondo visited Beijing as part of U.S. efforts to restore relations that plummeted to their lowest level in decades due to …
Crisis in China’s ‘Shadow Banking’ Sector Leads to Defaults
A major Chinese trust company, Zhongrong International, has missed payments on multiple investment products, sparking fears about the sector as a whole …
