The new coronavirus outbreak that infected 256 people in Beijing since early June is “under control”, officials in the Chinese capital said, but fears remain over the risk of community transmission. ( read original story…
Tagged By financials
Shadow banking back in vogue in China as assets grow for the first time since 2017
China had been tightening its control over off-balance sheet lending by banks since 2016 to curb financial risks, but credit growth is needed to rescue the coronavirus-hit economy. ( read original story …)
China’s central bank injects 180 bln yuan into market to maintain stability
China’s central bank on Wednesday pumped cash into the banking system via reverse repos to maintain liquidity. ( read original story …)
UN chief hopes Israel decides against West Bank annexation
General Antonio Guterres expressed hope Tuesday that Israel will hear global calls and will not go ahead with annexation of parts of the West Bank, which would … ( read original story …)
China’s banking system begins to crack at its grass roots as two bank runs take place within a week
China’s US$40 trillion banking system is seeing growing signs of trouble at its grass roots with bank runs happening at two small local lenders last week, a sign that a mountain of debt and an…
China’s central bank injects 180 bln yuan into market
BEIJING, June 24 (Xinhua) — China’s central bank on Wednesday pumped cash into the banking system via reverse repos to maintain liquidity. With no reverse repos maturing Wednesday, the People’s Bank … ( read original…
Foreign Affairs Minister Champagne says he has repaid mortgages with Bank of China
As The Globe and Mail first reported, Mr. Champagne has two registered residential mortgages with the state-owned Bank of China in London, which the opposition said exposed him to “personal financial … ( read original…
Navarro steps back from comments that China trade deal is ‘over’
White House trade adviser Peter Navarro has walked back his statements suggesting that the trade deal between the U.S. and China was in peril, saying Monday that his words were taken “wildly out of ……
Beijing requires nucleic acid testing for 3 groups of people
Nucleic acid testing is required for three groups of people — those who visited the Xinfadi market or came in contact with the market staff; employees in farm produce markets, restaurants, canteens, … ( read…
Stock market news live updates: Futures pare losses after Navarro, Trump clarify China trade deal remains in place
Stock futures fell sharply and then pared losses, after White House trade adviser Peter Navarro said during a Fox News interview that any trade deal with China was “over” but then walked back the rema…
Japan to step up measures to attract foreign finance workers: ruling party draft
TOKYO (Reuters) – Japan will boost visa support, lure more international schools and streamline procedures for obtaining investment management licenses to attract highly skilled foreign finance … ( read original story …)
China’s Top Liquor Maker Is Worth More Than Its Biggest Bank
Hitting the bottle too much during the coronavirus lockdown could be a problem. Investors in Kweichow Moutai, however, are glowing with health. ( read original story …)
China’s central bank issues 10 bln yuan of bills in Hong Kong
China’s central bank on Tuesday issued 10 billion yuan (about 1.42 billion U.S. dollars) of six-month renminbi central bank bills in Hong Kong with an interest rate of 2.21 percent. The issuance was … (…
ADVERTISEMENT
