Chinas top leadership has increased the pressure on lenders and financial regulators by urging them to do more to provide financial support to small and private businesses in a move aimed at keeping t… (…
Tagged By financials
China banks lend record $477bn new loans in Jan
An Industrial and Commercial Bank of China branch in Beijing. China’s banks made the most new loans on record in January – totalling 3.23tn yuan ($477bn) – as policymakers try to jumpstart sluggish in… (…
China Credit Growth at Record in January Amid Seasonal Surge
(Bloomberg) — China’s credit growth exceeded expectations in January amid a seasonal lending surge at the start of the year. Aggregate financing was 4.64 trillion yuan ($685 billion) in January, the … ( read original…
China’s loans hit all-time high as banks open floodgates in January to help slowing economy
New loans in China surged to an all-time high in January, highlighting Beijing’s scramble to bolster economic activities at home amid the trade war with the United States. The People’s Bank of China ( ……
China c.bank says has not resorted to “flood” of stimulus
BEIJING, Feb 15 (Reuters) – China’s macro leverage ratio is still stable and the central bank has not opened the credit floodgate, a central bank official said on Friday, after official data showed re… (…
China banks throw open spigots in January, lend record 3.23 trillion yuan
Demand for credit picked up sharply in the corporate sector, followed by the household sector, according to data released by the People’s Bank of China (PBOC) on Friday. Corporate loans jumped to 2.58 … (…
China’s government tells banks to ‘increase financial support’ for private firms to aid slowing economy
The key policy guidelines, for example, ask China’s central bank to lower the required reserve ratio so that banks will have more funds available to lend. On Friday, data showed that new yuan loans in…
China’s banks throw open spigots in January, lend record 3.23 trillion yuan
Demand for credit picked up sharply in the corporate sector, followed by the household sector, according to data released by the People’s Bank of China (PBOC) on Friday. Corporate loans jumped … ( read original…
U.S.-China Trade Talks Set to Wrap Up With Few Signs of Progress
The U.S. and China were scrambling on Friday to produce a memorandum of understanding that would pave the way for a meeting between the two presidents, the Financial Times reported, citing people brie… ( read…
Beijing Jingkelong Company Limited (HKG:814): The Best Of Both Worlds
For Beijing Jingkelong, I’ve put together three key aspects you should further examine: To help readers see past the short term volatility of the financial market, we aim to bring you a long … (…
‘Gunboat diplomacy’ dispute upsets UK trade mission to China
Plans by chancellor Philip Hammond for a trade mission to Beijing have been soured by a “gunboat diplomacy” row sparked by defence secretary Gavin Williamson’s announcing he would send a new British a… ( read…
Exclusive: China offers to end market-distorting subsidies but won’t say how
BEIJING/WASHINGTON (Reuters) – China has pledged to end market-distorting subsidies for its domestic industries but offered no details on how it would achieve that goal, according to three people fami… ( read original story …)
China’s Ant Financial acquires int’l payment firm WorldFirst
LONDON, Feb. 14 (Xinhua) — Ant Financial, an Alibaba affiliate, announced on Thursday it has taken over UK-based international payments group WorldFirst, marking the most significant foreign fintech … ( read original story …)
