BEIJING—China is stepping up efforts to stem the yuan’s rapid depreciation, in a policy shift intended to fend off capital flight and blunt U.S. criticism that Beijing is weakening its currency as par… ( read…
Tagged By financials
China’s central bank gives itself more leeway on setting exchange rate
China’s central bank has given itself greater leeway to determine the renminbi’s exchange rate, reflecting Beijing’s concerns that the currency could fall rapidly as economic growth slows and the US e… ( read original story…
China Keeps Promises to Wall Street Even as Trade War Drags On
NOVEMBER: China unveils plan to remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures, fund managers and insurers APRIL: Xi vows t… ( read original story…
China warns public over ‘blockchain’ Ponzi schemes
China’s government has warned of “criminals” attracting retail investors into Ponzi schemes using buzzwords such as “blockchain” and “virtual currency”, as official concerns over risk trump support fo… ( read original story …)
Exclusive: China to keep hitting back at U.S. over trade, to boost government spending – finance minister
BEIJING, Aug 24 (Reuters) – China will keep hitting back at Washington as more U.S. trade tariffs are imposed, but its counter-strikes will remain as targeted as possible to avoid harming businesses i… ( read…
China to keep hitting back at US over trade, to boost gov’t spending: Finance Minister
The Chinese government will increase its spending to support workers and the unemployed who are hurt by the trade conflict. BEIJING: China will keep hitting back at Washington as more US trade tariffs … (…
China Removes Foreign-Stake Limits in Banks, Asset Managers
Overseas financial institutions will now be treated the same as local companies, the China Banking and Insurance Regulatory Commission said in a statement late Thursday, taking forward a process start… ( read original story …)
Japan, China finance ministers to meet in Beijing as relations improve
TOKYO (Reuters) – Finance ministers and officials from Japan and China are to meet in Beijing on Aug. 31, a Japanese official said, a sign of improving ties amid Sino-U.S. trade tensions. Japanese Fin… (…
China Removes Foreign Ownership Limits in Banks, Asset Managers
Overseas financial institutions will now be treated the same as local companies, the China Banking and Insurance Regulatory Commission said in a statement late Thursday. Foreign stakes were previously … ( read original story …)
Why China and US tech stocks are diverging
“Tech sector [in China] had previously been the large beneficiary of such large inflow, now it is seeing the reverse,” Liu told Yahoo Finance in an email. With ongoing trade negotiations between the t… (…
Alibaba says it’s well-positioned in a US-China trade war
The U.S.-China trade war doesn’t seem to be hurting Alibaba’s bottom line for now. On Thursday, the e-commerce giant reported a strong quarter with revenue growth of 61%, sending the stock (BABA) up b… (…
The Finance 202: Trump escalates China trade fight, and it’s primed to get even nastier
The Trump administration is escalating its trade war with China today even as it restarts talks toward an armistice. Hopes remain low for negotiations that lower-level Trump officials kicked off Wedne… ( read original story…
China hits U.S. with new retaliatory tariffs
The trade war heats up as the U.S. and China impose new tit-for-tat tariffs. Yahoo Finance’s Dion Rabouin, Seana Smith, and Dan Roberts discuss along with Third Seven Advisors market strategist Michae… ( read original…
