The People’s Bank of China, the central bank, on Monday conducted the sixth central bank bills swap (CBS) operation in 2020 to improve the liquidity of perpetual bonds issued by commercial banks. The … (…
Tagged By financials
China Brokers Sink on Report Banks May Get Securities’ Licenses
Citic Securities Co., China’s largest broker, fell 2.9% as of 10:10 a.m. in Shanghai, while Industrial & Commercial Bank of China Ltd., the nation’s largest lender, rose 0.4%. Caixin reported … ( read original story…
China State Firms’ Profits Fall 52.7% Year-On-Year in Jan-May: Finance Ministry
May, according to a statement from the country’s Finance Ministry on Monday, to 663.1 billion yuan ($93.67 billion). ( read original story …)
All tangled up: China confusion leaves scrap metal stranded overseas
China is dragging its feet in releasing new codes governing high-grade copper and aluminium scrap imports, leaving scrap metal firms abroad confused and without a clear way into their key market. Top … ( read…
China central bank vows stronger macro policy adjustment to boost COVID-19-hit economy
China’s central bank on Sunday vowed stronger macro-economic policy adjustment as well as better fiscal, monetary and employment policy coordination and implementation to counter the impact of … ( read original story …)
National security law: could Singapore take Hong Kong’s finance crown?
Even as Japan and South Korea seek to woo Hong Kong’s financial firms considering a Plan B in the face of Beijing’s tightening control, one Asian city seen as the most obvious beneficiary is keeping…
China Plans to Grant Investment Banking Licenses to Lenders: Caixin
A pilot scheme could involve at least two of China’s largest banks getting the green light from the China Securities Regulatory Commission (CSRC) to conduct investment banking business on the mainland … ( read original…
China’s central bank injects 100 bln yuan into market
China’s central bank on Sunday pumped cash into the banking system via reverse repos to maintain liquidity. The People’s Bank of China injected 100 billion yuan (about 14.17 billion U.S. dollars) into … ( read…
China industrial firms’ May profits post first monthly rise in six months
Profits at China’s industrial firms rose for the first time in sixth months in May, suggesting the country’s economic recovery is gaining traction and brightening the outlook for manufacturing … ( read original story …)
It’s Hard to Be the Next China, Not Impossible
Is the global monetary order ready for another reboot? In the 1960s, Japan and Europe exported their way to post-World War II prosperity under the fixed exchange rates of the Bretton Woods agreement. ( read original story …)
China industrial firms’ May profits rise 6% y/y
Profits at China’s industrial firms in May rose 6% year-on-year to 582.3 billion yuan ($82.28 billion), the statistics bureau said on Sunday. For the first five months of 2020, industrial firms’ … ( read original…
Why China will emerge from COVID-19 stronger than the U.S.
As COVID-19 cases hit new highs in the U.S., it’s clear this scourge isn’t going away anytime soon. Besides all the short and medium term issues, another point to consider is the disease’s impact on…
National security law: could Japan or South Korea take Hong Kong’s finance crown?
Beijing, however, maintains the new law will restore stability to a city wracked by a year of anti-government protests that on several occasions descended into violence. Foreign firms have been … ( read original story…
