The China Development Bank (CDB), one of the country’s policy banks, extended 30.6 billion yuan ($4.59 billion) in loans in the first five months to support the country’s agriculture sector. The loans …
Tagged By finance
Downward pressure on China’s economy still striking – cabinet
The downward pressure on China’s economy is still striking, state media quoted the cabinet as saying on Wednesday. The cabinet reiterated that China will strive to achieve reasonable economic growth …
China’s central govt to allocate $492 mln to struggling airlines
China’s finance ministry on Wednesday said it would allocate 3.29 billion yuan ($492.04 million) in the first batch of cash subsidies to airlines this year, part of the government’s efforts to rescue …
Exclusive: Under Biden, China has widened trade lead in much of Latin America
China has widened the gap on the United States in trade terms in large swathes of Latin America since U.S. President Joe Biden came into office early last year, data show, underscoring how Washington …
British wealth manager SJP eyes China’s growing pension market, details retirement risk for Hong Kong’s ‘sandwiched generation’
London-listed St James’s Place is looking for a chance to expand into China’s pension market, either through a joint-venture or on its own The company also released research showing Hongkongers with …
China’s May forex reserves expand on weaker dollar index
BEIJING – China’s foreign exchange market registered a stable operation in May, with the forex reserves expanding, official data showed on Tuesday. China’s forex holdings amounted to $3.13 trillion at …
China Export Boom Fades as Buying Shifts, Cheap Rivals Gain
After two years of record exports, Chinese manufacturers are turning downbeat as consumers in their biggest markets curb spending and Covid lockdowns drive customers to competitors in the region.Most …
Oil Extends Gain as Traders Weigh US Demand, China’s Virus Curbs
Oil was steady after closing at a three-month high with investors assessing the outlook for supply and demand as the US summer driving season ramps up and China emerges from virus lockdowns.Most Read …
World Bank revises China’s economic forecast
The World Bank has revised its economic forecast for China down to 4.3 percent this year, from a higher expectation of 5.1 percent in December, amid COVID-19 outbreaks and changes in the global …
World Bank: China taking steps to boost economy
The global economy is expected to grow at 2.9 percent in 2022, which is only slightly more than half of last year’s expansion, the World Bank predicted on Tuesday, warning that the pain of stagflation…
China Tech Shares Rally as Game Approvals Give Nod to Recovery
China’s tech stocks jumped as the government’s latest batch of new game approvals bolstered bets that the industry’s business outlook is on the mend. Most Read from BloombergAmazon’s Stock Split Deliv …
Guidelines in place to support green finance
Recently released guidelines will significantly increase the degree of attention paid by China’s banking and insurance sectors to the work related to green finance, thus improving efforts to foster …
Bank of China Joins Four Global Institutions in Green Banking Initiative
Five global banks signed up as cornerstone members of the Alliance for Green Commercial Banks, a global green banking initiative established by the Hong Kong Monetary Authority (HKMA) and the World …
