China Citic Bank Corp. Ltd., the country’s seventh-largest lender by assets, has named a new chairman and president.
Tagged By finance
Dollar Firm on Fed Rate Hike View, Focus on China Data
SINGAPORE (Reuters) – The dollar eased on Tuesday after rallying overnight as strong U.S. economic data reinforced expectations that the Federal reserve will hike interest rates again in May, while …
IMF: China contributes to global financial stability
WASHINGTON: China’s economic growth is important for both Chinese and global financial stability at a time when the global financial system is showing considerable strains, says an International …
Beijing’s Bid to Overhaul China’s Tech-Finance Nexus
Since coming to power in 2012, Xi Jinping’s administration has sought to stamp out corruption and reorder China’s political economy. But more than 10 years on, these tasks have received new urgency …
China’s Belt And Road Initiative Is Running Into Huge Losses, Over $78 Billion In Loans Re-Negotiated
Bad loans worth over $78 billion have hit China’s $1 trillion Belt and Road Initiative (BRI) infrastructure finance programme in the past three years. China’s scheme had turned it into the top …
Interview: China’s growth contributes to Chinese, global financial stability, says IMF official
China’s economic growth is important for both Chinese and global financial stability at a time when the global financial system is showing considerable strains, an International Monetary Fund (IMF) …
China Pumps In More Liquidity While Keeping Key Rate on Hold
China’s central bank is pouring more liquidity into the financial system while keeping rates unchanged, moving to prevent funding squeezes as demand for credit rebounds.
Morning Bid: Markets hope China chooses to surprise on the upside
Citi’s economic surprises index for China data is at its highest level in 17 years, and the market sees upside risk for Tuesday’s releases on GDP, retail sales and industrial output.
China central bank boosts liquidity support with roll over of medium-term loans
China’s central bank bolstered liquidity support for the economy as it rolled over maturing medium-term policy loans with higher cash offerings for the fifth month on Monday, while keeping the …
China pumps $25 billion in funds to banks while keeping key rate on hold
The People’s Bank of China offered 170 billion yuan ($25 billion) of funds to banks through the medium-term lending facility. That resulted in a 20 billion yuan net injection in April, the smallest …
Morning Bid: Are we calling it a banking crisis, shock … or blip?
The broader tone this week will be set by investors’ stance on the U.S. banking crisis. Or shock. Or blip. The solid recovery in equities and slump in market volatility gauges suggests investors are …
How Can China Contain Its $8.3 Trillion Fiscal Crisis?
One may even argue that China is now a safer place for investors after Beijing tightened regulations on unruly local banks and aggressive home builders. But there is one more elephant in the room: …
China-US relations: Washington unites around mission to prevail over Beijing by boosting defence spending
Bipartisan accord is rare on Capitol Hill, making budget requests for military spending easier to justify Programmes addressing a potential contest with China – such as long-range cruise and …
