China is widening the scope for the yuan to weaken through its daily fixings, a move that hasn’t sparked a selloff as the currency is buoyed by speculation over a relaxation of its Covid-Zero policy.
Tagged By finance
China yuan: top financial regulators raise alarm over global inflation, tightening Western monetary policy
Between February and July, China suffered a record net outflow of US$81 billion via the Stock Connect and Bond Connect schemes, according to data from the Institute of International Finance (IIF). But …
Why investors should see silver lining in China’s plunging markets and stick around
Investor sentiment towards China has taken a beating recently, with stocks plunging and little sign of an end to Beijing’s ‘zero-Covid’ policy China is not the top driver of global volatility, though, …
China can maintain positive interest rates with economic growth – central bank
BEIJING -China will be able to maintain normal monetary policy and positive interest rates for as long as possible with its potential economic growth likely to stay within a reasonable range, its …
China to keep local government debt, fiscal deficit at reasonable levels
China aims to keep the scale of local government debt and the fiscal deficit at reasonable levels, and strictly curb any increase in hidden debt, the finance minister said.China will deepen …
Major banks are bullish on Hong Kong’s economy and China growth prospects
“We had record results in Hong Kong in the third quarter of this year, which seems incongruous with the ongoing, lingering Covid type restrictions and the challenges in China.” Both banking …
How a Mysterious China Screenshot Spurred $450 Billion Rally
Nobody is quite sure who wrote it, when it was written or if it’s even true. But a screenshot of four paragraphs detailing a China reopening plan was enough for traders to scoop up stocks…
Investors Inhale CanSino Biologics’ Return Today As China’s Big Three Regulators Address Concerns
The stock has gained +170% over the last eight trading days according to Bloomberg as healthcare stocks in Hong Kong +7.32% and China +1.35%. The Global Financial Leaders Investment Summit, which …
Hong Kong, struggling to revive hub status, sells ‘China advantage’ to global banks
Hong Kong and Chinese officials on Wednesday touted the city’s connection to the world’s second-largest economy as they looked to restore its reputation as a global financial hub after years of …
China will support Pakistan in stabilising its financial situation – Xi
China will continue to support Pakistan as it tries to stabilise its financial situation, state media quoted President Xi Jinping as saying on Wednesday, during a visit by Pakistan’s prime minister to …
China regulator calls out international media for failing to credit Beijing’s economic-growth emphasis
International investors need to judge Beijing’s commitment to economic growth for themselves, securities regulator tells finance summit Market-based reforms and opening up of the economy are …
Debt Risks of Top Real Estate Firms Are Prominent – China Bank Regulator
Debt risks of some top real estate firms are prominent and risk control ability of some local financial institutions are weak, according to the chairman of China’s banking and insurance regulator. Guo …
China able to maintain normal monetary policy, positive interest rates -central bank
China’s potential economic growth is expected to be kept within reasonable range, and the country will be able to maintain normal monetary policy and positive interest rates for as long as possible, …
