Stephen Poloz, governor of the Bank of Canada, has retreated from his avowed determination to achieve what the central bank calls a “neutral range” for interest rates. That would be a key lending rate ……
Tagged By financials
China central bank lends 473.50 bln yuan via medium-term facility in Dec
BEIJING , Jan 2 (Reuters) – China’s central bank lent 473.50 bln yuan ($69.11 bln) to financial institutions via its medium-term lending facility (MLF) in December, it said on Wednesday. Outstanding M… ( read original…
China to lend $2bn to Pakistan to shore up rupee
China has pledged to lend at least $2bn to Pakistan to shore up its foreign exchange reserves and prevent further devaluations of the rupee against the dollar, two senior government officials have tol… ( read…
Beijing Dithers as the Economy Declines
Beijing will have to do better if it wants … Only in November, the central bank’s financial stability report declared Chinese bank capital “abundant.” With new loans outpacing new deposits … ( read original story…
China Bank opening more branches in 2019
MANILA, Philippines — Sy-led China Banking Corp. is opening 29 more branches this year as it continues to beef up its footprint nationwide. China Bank opened 22 branches in 2018 including a branch in ……
China curbing banks’ unlicensed ops outside their home base
… off year of sensitive anniversaries with major speech on Taiwan Regional banks in China’s rust-belt provinces are driving the rapid expansion of shadow banking in the country, fuelling a web of in… ( read…
China faces economic challenges in 2019
The World Bank says economic growth in 2018 will peak at 6.5 per cent and fall to 6.2 per cent in 2019. But there are risks. If China and the US cannot reach a deal…
China factory activity shrinks for first time in over two years, 2019 looks tougher
Trade frictions are already disrupting global supply chains, fuelling concerns of a bigger blow next year to world trade, investment and shaky financial markets. The official Purchasing Managers’ Inde… ( read original story …)
Beijing moves to curb regional banks’ expansion
Smaller regional lenders have become major drivers of shadow banking in China as they’ve sought ways to … a senior analyst at Sino Ocean Capital in Beijing. “They would find it very difficult to cir……
China Curbs Banks’ Unlicensed Operations Outside Home Base
Lenders, including rural cooperatives and policy banks, will need to apply for a license to operate units outside their home base or will have to wind down the businesses, the China Banking and Insura… (…
China to end the year as worst performing stock market
A trade dispute with the US and a crackdown on shadow banking made China the world’s worst-performing major stock market in 2018, shedding some $2.3tn in value. Investors say that while China’s intens… ( read…
China Targets Smaller Lenders in Latest Shadow Banking Crackdown
China announced plans to rein in the expansion of lending by the nation’s regional banks to areas beyond their home bases, the latest step policy makers have taken to defend against financial risk in ……
Beijing boosts video game sector with licensing resumption
Beijing has resumed commercial licensing for video games, ending a nine-month freeze that has taken a toll on internet giant Tencent and other publishers in the world’s biggest gaming market. China’s … ( read original…
