BEIJING, Jan. 16 (Xinhua) — China’s central bank on Wednesday injected liquidity into the banking system through reverse repos to offset the impact from a tax payment peak. The People’s Bank of China … (…
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Stocks – Wall Street Flat After Bank Earnings Miss
Meanwhile, U.S. President Donald Trump said on Monday he thought a trade deal with China was possible. Pacific Gas & Electric (NYSE:PCG) plunged 37%, while Bank of America (NYSE:BAC) fell 0.6% and Gol… ( read…
After Orders to Shrink, China’s Small Banks Face a Tougher 2019
… Bank Co. down 45 percent in Hong Kong and Jiangsu Zhangjiagang Rural Commercial Bank Co. falling 54 percent in Shenzhen. Even so, analysts said most of China’s small banks are still overvalued. Ci… (…
China’s central bank denies delaying Mastercard and Visa access to payments market
China’s central bank has denied reports that it is dragging its heels on opening the massive Chinese payments market to Mastercard and Visa. While Mastercard filed an application to provide yuan payme… ( read original…
Bank of China offers $300 million loan to Sri Lanka
Bank of China has offered a loan of $300 million — which can be raised to $1 billion — to Sri Lanka, a source in Colombo said on Thursday. The Sri Lankan government is considering…
China Presses on With Tax-Cut Strategy as Lending Stabilizes
The change of approach is being driven largely by China’s debt load, which makes funding a splurge on bridges and railways dangerous for financial stability. Against the backdrop of slowing global gro… ( read original…
China will maintain ‘appropriate’ growth in total social financing – c.bank
BEIJING, Jan 15 (Reuters) – China will maintain ‘appropriate’ growth in total social financing, a central bank official said Tuesday. New liquidity released by China’s central bank has basically been … ( read original story…
China Will Maintain ‘Appropriate’ Growth in Total Social Financing-Central Bank
BEIJING — China will maintain ‘appropriate’ growth in total social financing, a central bank official said Tuesday. New liquidity released by China’s central bank has basically been transmitted to the … ( read original story…
China central bank deputy, asked on rate cuts, says existing policies should be improved
BEIJING (Reuters) – China should improve existing monetary policy measures, a vice head of the central bank said on Tuesday, when asked if the bank should cut benchmark interest rates to shore up the ……
Beijing to accelerate opening-up in financial sector
Beijing will release new measures involving foreign exchange management reform, cross-border use of yuan and investment and financing facilitation. [Photo/VCG] BEIJING – Beijing will attract … ( read original story …)
China signals more stimulus as economic slowdown deepens
This year, China will step up fiscal expenditure and implement larger tax and fee cuts. The cuts will focus on reducing burdens for small firms and manufacturers, the finance ministry said in a statem… (…
China Vows Tax Cuts on Larger Scale to Support Economy
deputy governor of the People’s Bank of China, Xu Hongcai, assistant minister at the Ministry of Finance and Lian Weiliang, vice chairman of the National Development and Reform Commission on Tuesday. … ( read original…
China’s $300 Billion Tax Cut Is Key Growth Stabilizer: JPMorgan
The change of approach is being driven largely by China’s large debt load, which makes funding a splurge on bridges and railways — like that following the 2008 financial crisis — dangerous for … (…
