China’s central bank will adjust monetary policy in a timely and appropriate manner, and cutting banks’ reserve requirements to release long-term liquidity will still be an effective tool to support …
Tagged By finance
Officials: China real estate recovering from debt crackdown
China’s vast real estate industry is recovering from a slump triggered by tighter debt controls, a deputy central bank governor said Friday, after a wave of defaults by developers rattled global …
China will keep the yuan exchange rate ‘basically stable’ – central bank governor
China will keep the yuan exchange rate “basically stable” this year, Yi Gang, governor of the central bank, said at a press conference in Beijing on Friday, adding that volatility will be …
China will step up international macro policy communication – c.bank governor
China will step up international macro policy communication and coordination, Yi Gang, central bank governor, said at a press conference in Beijing on Friday.
China’s Central Bank Governor Sticks to Prudent Policy Stance
China’s central bank will keep monetary policy targeted and prudent, and aim to keep the currency stable, Governor Yi Gang said in a rare media briefing on Friday, largely sticking to its existing …
China’s housing bubble has been curbed, says deputy central bank governor
BEIJING – The bubbling trend of China’s property sector has been curbed as measures to support the industry are gaining traction, Deputy Governor of the People’s Bank of China Pan Gongsheng said on …
China’s Yuan More Flexible, Helps Stabilise Economy: Central Bank Governor
China’s yuan has become more flexible, helping stabilise the economy and the central bank will keep yuan exchange rates stable, the Governor of the People’s Bank of China Yi Gang said on Friday at a…
US pick to lead World Bank, Ajay Banga, to visit China, other countries
US President Joe Biden’s nominee to lead the World Bank, ex-Mastercard Chief Executive Officer Ajay Banga, said he plans to meet with government officials in Europe, Asia, Africa and potentially Latin …
China Launched the First CBDC Wallet Dispenser, With Disappointing Results
Local media outlets in China reported that visitors from Hong Kong had shown little interest in digital yuan (e-CNY) hard wallet dispensers installed by Shenzen city authorities last month. According …
China’s Covid stimulus misses the mark as pressure on local government finance grows, report says
Last year, the central government cut taxes and deferred tax payments for businesses to the tune of 4.2 trillion yuan (US$607.8 billion), says finance minister Liu Kun But instead of supporting …
China’s Reopening Set to Help EMFX Get Back on Track: Reuters Poll
China’s reopening is set to boost emerging market currencies against the U.S. dollar over the next six months, primarily for those that export commodities to the world’s second-largest economy, a …
China warns ‘hedonistic’ bankers to toe the line
Bankers in China are being told to rectify their mindsets, clean up their “hedonistic” lifestyles and stop copying Western ways.
Bank of America loves this under-the-radar streaming stock out of China, sees 30% gain
With its in-house content strategy, iQIYI is differentiating itself from peers such as Tencent Video and Youku Video, the firm said.
