FILE PHOTO: Free Democratic Party (FDP) leader and German Finance Minister Christian Lindner attends a … German exporters’ hopes of a revival in trade with China after Beijing abruptly dismantled …
Tagged By finance
China’s central bank issues bills worth 25 bln yuan in Hong Kong
China’s central bank issued bills worth 25 billion yuan (about 3.65 billion U.S. dollars) in the Hong Kong Special Administrative Region on Tuesday. Of the total, central bank bills worth 10 billion …
Profits jump at HSBC as it moves to fend off break up calls from China
HSBCprofits doubled in the last quarter thanks to rising interest rates around the world, allowing it to boost its dividend to the highest for four years. HSBC made profit of $5.2 billion (£4.3bn) in …
BHP Group posts bigger-than-expected drop in first-half profit, flags brightening outlook in China
The global miner said China’s strict zero-COVID-19 policy curtailed economic … continued labour market tightness are expected to impact our cost base into the 2024 financial year,” BHP said in its …
China’s Tianjin revs up foreign trade to fuel growth
At the plant of Tianjin Kaili Carpet Co., Ltd. in north China’s Tianjin Municipality, production lines are running at full throttle as overseas orders pour in. The company’s main product is foldable …
China Likely to See Slowdown in Debt Ratio as Economy Recovers
The newspaper is affiliated with the State Council, China’s cabinet. The ratio could go up further this year, albeit at a slower pace, the article said. The think tank — the National Institution for …
Star banker’s disappearance surprises even China’s state lenders
It is unclear whether Bao’s disappearance marks the escalation of scrutiny on China’s finance industry. Authorities also on Friday abruptly removed the Communist Party chief of the nation’s largest …
Beijing keeps lending rates unchanged
SHANGHAI: China is keeping its benchmark lending rates unchanged for a sixth straight month in February, as expected, with the world’s second-largest economy showing more signs of recovery from a …
Top Chinese tech banker’s unexplained disappearance challenges Beijing’s bid to win trust of investors
It is possible that Bao is helping with Beijing’s anti-corruption review into the state banking system. With the changing of the guard in the state financial apparatus, newly appointed cadres may want …
China’s economic recovery hinges on consumers. They’re not spending.
Beijing was betting on a wave of “revenge spending” as Chinese consumers emerged from three years of zero-covid restrictions. It hasn’t happened.
In China, There Are No Star Bankers, Only Fallen Angels
The disappearance of a high-profile executive has renewed fears that Beijing may not yet be done with its crackdown on elite businessmen.
China injects $29bn into banking system while holding rates flat
The People’s Bank of China kept its benchmark lending rates unchanged for a sixth straight month Monday, focusing on injecting liquidity to bolster an economy hampered by a sluggish real estate market …
China central bank asks banks to slow down lending in February -sources
China’s central bank has told some banks to slow the pace of lending to contain risks after new bank loans jumped to a record in January, three bankers with knowledge of the matter said.The People’s…
