HSBC has reported a lower-than-expected 15.9% rise in pre-tax profits for 2018, partly because of an economic slowdown in China and Hong Kong. Europe’s largest bank made $19.9bn (£15.4bn) before tax l… ( read original…
Tagged By financials
Bank of China : China pledges more support for banks’ perpetual bonds to boost lending
BEIJING (Reuters) – China will provide further support for banks’ perpetual bond issuance, including examining ways to broaden the investor base for such bonds, to help boost lending in the economy, a … ( read…
China’s central bank sells net 1.2 bln yuan in FX in Jan
BEIJING, Feb 19 (Reuters) – China’s central bank sold a net 1.2 billion yuan worth of foreign exchange in January, according to Reuters calculations based on central bank data released on Tuesday. The … (…
China pledges more support for banks’ perpetual bonds to boost lending
Perpetual bonds could potentially convert the debt into equity as more banks actively prepare to sell such bonds, Pan Gongsheng, vice governor of the People’s Bank of China (PBOC), told … ( read original story…
China pledges more support for banks’ perpetual bond issuance
BEIJING (Reuters) – China will provide further support for banks’ perpetual bond issuance, including examining ways to broaden the investor base for such bonds, to help enhance lenders’ support for th… ( read original story…
Daqo New Energy Obtains RMB 450 million Loan Approval from Bank of China
SHIHEZI, China, Feb. 19, 2019 /PRNewswire/ — Daqo New Energy Corp. DQ, -12.50% (“Daqo New Energy”, the “Company” or “we”), a leading manufacturer of high-purity polysilicon for the global solar PV in… ( read original…
A China Interest-Rate Cut May Be on its Way. But Which Rate?
(Bloomberg) — China’s slowing economy and muted inflation are spurring predictions the central bank will act to lower borrowing costs. Problem is, analysts can’t agree on which rate is the one most l… ( read…
Bank Of America: Oil ‘Anchored’ Until 2024
The potential for a “hard landing” in China is the largest downside risk to Bank of America’s medium-term oil market forecast. At the same time, it isn’t just the prospect of a global … (…
Should You Be Tempted To Sell China Art Financial Holdings Limited (HKG:1572) Because Of Its P/E Ratio?
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! This article is written for those who want to get better at using price to…
Dragon Network: China unveils plan to tie Hong Kong, Macau closer to mainland
China unveiled a sweeping plan to link Hong Kong and Macau … and cross-border investment by residents and financial institutions will be expanded to include more financial products The government wi… ( read original story…
China Looks Abroad For SOE Investment
In March, Gang also spoke about how opening up China’s financial sector will result in progress. “History has proved that areas that are more open are more competitive, and areas that are less open ar……
David Malpass is just what the World Bank needs
The bank has around $60 billion loaned to Beijing — the world’s second biggest economy, and clearly no longer a “developing nation.” And that’s freed up cash for China’s imperialistic … ( read original story…
China’s middle class doubling to 600 million is a key investment opportunity
AP Vihari Ross, head of research at Magellan Financial Group, points to coffee consumption in China as a long-term opportunity. Those with even modest discretionary income can afford this ritual. Chin… ( read original story…
