The People’s Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday.
Tagged By financials
Word is bonds: China’s provinces use special-purpose funds to pay debts
Hunan and Yunnan are using special-purpose bond funds to balance their books, the first provinces to do so as Beijing stresses financial risk control.
China cuts US Treasury stockpiles to 16-year low amid Trump’s trade war
China reduced its stockpile of US Treasuries to a 16-year low in April, as an escalating trade war with Washington sparked concerns about the long-standing status of American government bonds as the …
China’s payment system spreads across Africa and Asia amid US trade war
China’s cross-border yuan payment system has signed up more financial entities from Africa, Central Asia and the Middle East, as Beijing accelerates efforts to promote the global use of its currency …
China opens 16 futures, options to foreign investors in financial opening-up
China is stepping up efforts to further open its capital market to the world, as its three major commodity futures exchanges jointly announced the addition of 16 new futures and options contracts to …
Hong Kong to study Beijing’s monetary policy, weigh risks before issuing yuan stablecoins
We need to align our considerations with national policymaking,’ Hong Kong’s treasury chief says at the Lujiazui Forum.
Returns Made In China: Three Strong Buy Financials
Learn about three financial stocks benefiting from China’s push to increase domestic spending and boost its banking system.
Xi Story: Coordinating economic, financial work through integrated planning
In 1996, upon learning that Fujian-based Fuyao Glass was facing a critical funding shortage, Xi directed the local government to coordinate an equity swap that helped the company secure investment.
⚔️ Weaponized Dollar Backfires: China Pushes Allies to Ditch U.S. Currency
The United States dollar has ruled global trade and finance for decades. From oil payments to international loans, the dollar is the preferred choice. Currency Shock: China’s Silent War Against the …
China’s MiniMax debuts M1 AI model that it says costs 200x less to train than OpenAI’s GPT-4
The company says it spent just $534,700 renting the data center computing resources needed to train M1. This is nearly 200x times cheaper than estimates of the training cost of ChatGPT 4-o, whose …
Nervous about the Mag 7 but still love tech? 3 China ETFs can help
Just as cybersecurity rewarded bold bets a decade ago, Chinese tech offers a rare chance to diversify beyond crowded US giants.
Nation set to further advance financial opening-up
China will further advance the opening-up of its financial sector and capital markets, with Shanghai spearheading the efforts, a move that will bring fresh opportunities for collaboration in an …
China unveils measures to build Shanghai into international financial center
China’s Shanghai will basically evolve into an international financial center that matches the country’s overall strength and global influence over the next five to ten years, according to a guideline …
