June new loans 2.81 trln yuan vs f’cast 2.40 trln yuan * June M2 money supply +11.4% y/y, vs f’cast of +11.0% * China c.bank vows to support economic recovery (Adds details, analyst comment) BEIJING,…
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UPDATE 1-China June new bank loans jump as Beijing steps up policy support
New bank lending in China leapt in June, rising more than expected, while broad credit growth quickened, as the central bank stepped up efforts to revive the pandemic-hit economy. Chinese banks …
China: Very strong loan growth but uncertainty remains on economic recovery
And this guidance proved to be successful as data shows that loan growth jumped in June. New yuan loans grew by CNY2810 billion in June from CNY1890 billion in May. Long-term loans to corporates …
China’s $220-bn stimulus unlikely to reverse global metals meltdown
Extra funds will likely be used to plug Covid-era budget gaps, and won’t tackle the bigger issue for metals demand: a subdued property market and a still-struggling manufacturing sector …
FTSE 100 down as China COVID worries weigh on miners
(Reuters) -UK stocks fell on Monday as worries about fresh COVID-19 curbs in China and the energy crisis in Europe hurt sentiment, with investors awaiting earnings reports for clues on corporate …
Bank protesters confront police in China
A large crowd of angry Chinese bank depositors faced off with police Sunday, some roughly-handled as they were taken away, in a case that has drawn attention because of earlier attempts to use a covid…
China: In Henan, bank depositors stage mass protest, demand frozen millions of their life’s savings back
In Henan, bank depositors stage mass protest, demand frozen millions of their life’s savings back . Beijing: In China, bank customers have been car …
China’s Credit Jumps as Banks and Government Stimulate Growth
China’s credit jumped much more than expected last month to the highest on record for June due to a strong rebound in bank lending and record government bond sales.Most Read from BloombergElon’s …
China stocks fall most in 7 weeks as COVID flare-ups weigh
Many Chinese cities are adopting fresh curbs, from business halts to lockdowns, to rein in new infections China stocks fell the most in seven weeks on Monday while Hong Kong shares saw their biggest …
China’s Credit Continues to Strengthen as Stimulus Is Ramped Up
China’s credit grew more than expected in June, a traditionally strong month for borrowing, as banks expanded lending and local governments boosted bond sales to spur the economy. Most Read from …
China says Asian nations should avoid being used as chess pieces
Wang Yi says ASEAN should be ‘insulated against geopolitical calculations’ as great power rivalry intensifies.
African states’ private debts three times that owed to China
African countries’ debts with China are a third of what they owe non-Chinese private lenders, while interest rates are just over half, according to a report published on Monday amid a debate about the …
China’s new ESG disclosure guidelines need a forward-looking slant for international alignment, experts say
The guidelines, comprising 127 environmental, social and governance (ESG) metrics and 373 sub-metrics, is the first China-focused disclosure standard They are ‘a helpful starting point and point of …
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