China’s cash squeeze eased, with a gauge of overnight funding costs dropping the most in a week, after the central bank injected some $150 billion into the financial system over three sessions.
Tagged By finance
As China battles crises, HSBC bets big on India’s $400 bn pile of wealth
Soaring with global dreams,” blared the HSBC Holdings Plc ad outside an upscale Mumbai suburb in December. The 122-foot billboard displayed a tiger stalking over the British bank’s hexagonal red logo …
Yellen says China should move faster on some debt restructurings
U.S. Treasury Secretary Janet Yellen said on Thursday that she wants China to move more quickly to support specific debt restructuring for developing countries, especially for Zambia, while leaving …
Hilton says China demand to be volatile near-term, sees gradual recovery
Hilton Worldwide Holdings Inc expects demand for stays in China to be volatile in the near term due to rising COVID-19 infections, the hotel operator said on Thursday, but sees the key tourism market …
Yellen says China should delay some debt demands, move faster on restructurings
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that she wants China to move more quickly to support specific debt restructurings for developing countries, especially for …
HSBC, Bank of China (Hong Kong) push digital payment services as border reopening promises e-commerce boost
HSBC and Bank of China (Hong Kong), two of the city’s major lenders, have expanded their digital payment services to support cross-border transactions as the reopening of China’s border is expected to …
China is Back: What Its Reopening Means for the World
What the world economy, businesses and investors could expect from China’s return to the fray. INSEAD professors weigh in on what the reopening could mean for businesses, supply chains and investors, …
U.S. Aims to Curtail Financial Ties With China
American dollars that are used to finance the development of such technologies within Chinese borders. For months, the Biden administration has been preparing curbs on the investments that U.S. firms …
Companies listed on Beijing bourse raised over 16 bln yuan in 2022
Companies listed on the Beijing Stock Exchange raised ¥16.38 bln (about $2.42 bln) of funds through public offerings in 2022. This was reported by The Xinhua …
Top China Economist Sees Possible Interest Rate Cut Next Quarter
China’s central bank may have more room to cut interest rates in the second quarter as the risk of another Covid wave looms in coming months and the US Federal Reserve ends its interest rate…
Economists continue to raise China’s economic growth forecast for this year
Analysts are upgrading their growth forecasts for China’s economy, after the easing of COVID restrictions that hit the country less than expected and as business activity quickens its pace.
China’s warming economy new impetus to global growth
Off to a good start in 2023, China’s economy is seeing a faster-than-expected recovery, which is boosting confidence and nurturing new impetus both domestically and abroad. The robust tourism and …
HSBC ‘doing dirty work’ for Beijing: MPs blast bank for denying Hong Kong customers who fled to the UK access to their own savings
A report from the All-Party Parliamentary Group on Hong Kong attacked HSBC’s support for anti-democracy laws imposed on the territory by Beijing.
