Asian equities ended a positive week on a high note, led by Hong Kong and Mainland China-listed growth stocks following Alibaba’s financial results, which were reported after the close in Hong Kong …
Tagged By financials
China’s central bank vows to enhance yuan amid looming risks from strong US dollar
China’s central bank has pledged to advance the cross-border use of the yuan and develop the offshore yuan market, as the mission to stabilise the currency grows more urgent in the face of a strong…
Bessent Plans First Call With China Counterpart on Friday
US Treasury Secretary Scott Bessent plans to urge China to rebalance its economy when he speaks to his counterpart in Beijing on Friday.
China releases framework for sovereign green bonds
BEIJING – China’s Ministry of Finance released a framework for sovereign green bonds on Thursday, paving the foundation for the country to issue offshore sovereign green bonds and global capital to …
US Treasury Secretary Bessent to hold first call with China counterpart on Friday
Bessent said one message will be that ‘we really want to put a stop’ to the inflow of precursor ingredients for fentanyl from China.
China’s central bank to promote cross-border RMB use
BEIJING, Feb. 20 (Xinhua) — The People’s Bank of China (PBOC) will promote the use of renminbi (RMB) in cross-border payments, pricing, investment and financing, with an aim to facilitate …
Beijing allows Hong Kong banks to issue credit cards on mainland from March 1
The new rules will benefit lenders such as HSBC, Standard Chartered, Bank of East Asia and Hang Seng Bank, analysts say.
China’s leaders look to have blinked in their property face-off
If a bail-out for Vanke is forthcoming, China’s leaders will have blinked. Although the rescue would be organised by local authorities, it would have required the approval of Beijing’s top dogs.
Trump China Comments, Lloyds Motor Finance Costs, More
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China to increase credit support for private enterprises: financial regulator
BEIJING — China will increase credit support for private enterprises, the country’s financial regulator has said.
Nomura: Beijing’s hotly anticipated stimulus must target consumers to sustain reignited animal spirits
Nomura’s Rob Subbaraman says the key to reviving China’s economy lies in unlocking the hoard of dry powder stored up in consumers’ savings.
China leaves benchmark lending rates unchanged as expected in Feb
China left benchmark lending rates unchanged at the monthly fixing on Thursday, showing authorities are going slow with monetary stimulus as they prioritise financial and currency stability.
China’s DeepSeek-led AI revolution could boost financial sector profit by up to 13%: UBS
The recent breakthroughs in China’s artificial intelligence (AI) technology, as exemplified by DeepSeek, will bolster profits of the AI-intensive financial sector as it substantially reduces labour …
