China’s new bank loan issuance likely rose 45 billion yuan ($6.67 billion) in July, plunging from 1.61 trillion yuan in June, a Reuters poll of 20 economists showed on Friday, hurt by weak credit …
Tagged By financials
China central bank boosts Hong Kong gold reserves to strengthen trading hub
China’s central bank boosts gold reserves in Hong Kong to strengthen its trading hub. Gold hitting $10,000 by December at 3.0% YES.
China Bank Savings H1 profit eases to P1.19B
MANILA, Philippines — China Bank Savings (CBS) posted a slight decline in first-half earnings despite higher revenues from sustained lending growth.. The thrift banking arm of China Banking Corp. said …
China’s foreign reserves hold steady as external earnings stay in private hands
Hong Kong absorbed nearly two-thirds of mainland China’s portfolio outflows last year and now holds about half of the total external stock, IIF says.
China’s central bank to conduct around $73.6 billion outright reverse repo operation
The People’s Bank of China, the country’s central bank, on Tuesday announced that it will carry out a 500-billion-yuan (about US$73.6 billion) outright reverse repo operation on Wednesday to maintain …
China’s central bank pledges timely policy tool adjustment
BEIJING, Aug 2 (Reuters) – China’s central bank pledged to adjust monetary policy tools in a timely manner and facilitate panda bond issuance, a statement showed on Sunday. The People’s Bank of China …
China completes first outbound digital yuan payment to Malaysia
China completed its first cross-border digital yuan payment to Malaysia for a durian shipment, settling in 30 minutes without SWIFT or …
Beijing greenlights Nvidia: Chinese tech giants clamor for H200 silicon
Nvidia (NASDAQ: NVDA) shares edged higher by 1% following a scoop from The Information detailing a major policy shift in Beijing. Reports state that Chinese regulators are finally preparing to lift …
China’s CIPS will become settlement norm in Mongolia within 2 years, Golomt Bank says
Six months after Golomt adopted the technology, 96 per cent of yuan payments moved from Swift to China’s payment system, the bank says China’s cross-border payment system is reshaping how Mongolian …
Is Agri Bank China (ACGBY) Outperforming Other Finance Stocks This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Agri Bank China (ACGBY) one of those stocks right now? A…
China picks Standard Bank to process yuan payments in Kenya, other African countries
China has approved Standard Bank Group and the Industrial and Commercial Bank of China (ICBC) to operate Africa’s first Renminbi (RMB) clearing hub, a move expected to make trade and payments between …
China sets overnight reverse repo rate steady at 1.25%, sources say
China’s central bank conducted an overnight reverse repo operation on Wednesday by setting the borrowing cost at 1.25%, unchanged from the previous such operation in late June, people with …
ASML Stock Keeps Sliding On China’s Latest Chip Advance — Why BofA Calls Selloff An ‘Overreaction’ And Sees Over 70% Upside
The brokerage says China’s progress in DUV lithography poses only a limited financial risk and sees the recent selloff as a buying opportunity.
