BEIJING, March 21 (Xinhua) — The People’s Bank of China (PBOC) said Friday it would maintain ample liquidity in the financial system while guiding financial institutions to increase credit supply, …
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China’s central bank says it will boost forex market resilience
China’s central bank will cut banks’ reserve requirement ratio and interest rates at the “appropriate time” and strengthen the resilience of its forex market, it said on Friday during a quarterly …
China’s Bank of Communications 2024 profit flat, warns of margin pressure
China’s Bank of Communications Co Ltd (BoCom) , reported a 0.9% rise in 2024 net profit, while warning of margin pressure and bad debt.
Pentagon Set Up Briefing for Musk on Potential War With China
Planning for a war with China has dominated Pentagon thinking for decades, well before a possible confrontation with Beijing became more conventional wisdom on Capitol Hill. The United States has …
China’s bond yields are rising — but economists say deflation worries could soon pull them lower
Chinese commercial banks across the country have rushed to dole out cheaper consumption loans, heeding Beijing’s call to bolster spending.
China’s next great crisis is about to unfold
China’s real estate market has experienced a significant crash, and the country is now facing a new crisis. The debate among observers is whether China’s current crisis is characterized …
2025 Global South Financiers Forum being held in Beijing
BEIJING — The main forum of the 2025 Global South Financiers Forum took place in Beijing on Thursday, with the theme of “Illuminating Global South.” …
China’s finance ministry to issue sovereign green bonds in London
China’s finance ministry has announced the impending issuance of sovereign green bonds in London, which will mark its first overseas sale of such bonds and a concrete step following high-level …
Factbox-Global banks raise China’s growth forecast, ease bearish yuan views
SHANGHAI (Reuters) -Global investment banks have raised their projections for China’s economic growth and turned less bearish on the Chinese currency after early signs of economic recovery, though …
In search of financial autonomy
The US dollar accounted for about 58 percent of global foreign currency reserves and 88 percent of the daily foreign exchange market turnover as of 2023. However, this dominance creates …
China to issue sovereign green yuan bonds in UK for first time
China’s finance ministry said on Wednesday it would issue up to 6 billion yuan ($829 million) of yuan-denominated sovereign green bonds in London, marking China’s first issuance of such bonds overseas …
China’s struggling local lenders creating a ‘slow-motion banking crisis’
Local government authorities have been impacted as the property crisis and declining sales of land have hit revenue. Since the pandemic, land sales have declined steadily, falling 23.1 per cent in …
China’s Ping An Insurance posts 48% rise in 2024 profit
Co of China Ltd reported a 47.8% rise in its net profit last year, driven by growth in its life and health insurance business, the Chinese insurance giant said in a filing released on Wednesday.
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