Cryptocurrencies are “crucial” for the digital economy and China should catch up as the US embraces the industry, according to a former senior Ministry of Finance official, as more experts openly urge …
Tagged By financials
Why Investors Need To Be Cautious About China’s Market Rally
I am skeptical about China as a strategic investment. Its problems are mainly structural than cyclical, and the government is reluctant to embark on needed reforms.
China’s stimulus package might not be enough to fix its economy, but it sent stock markets 8.5% higher — a gain not seen since 2008
Skeptics have been out in force since China rolled out aggressive stimulus measures last week to prop up its ailing economy and markets. It’s just not enough to reverse the magnitude of China’s …
China releases new round of stimulus as economic crisis explodes
The fading Chinese economy has passed President Xi Jinping’s pain threshold and Beijing has unleashed a new round of stimulus. It aims to stabilise the imploding property market, send the stock market …
Looking for a Safer Way to Ride China’s Rally? 4 Consumer Stocks That Gain From Beijing’s Policy Pivot.
Chinese stocks logged their best gains since the 2008-2009 financial crisis as a batch of stimulus and vows for more have forced investors to take a closer look at a part of the market they…
China urges PwC’s global chair to strictly abide by rules and regulations after Evergrande debacle
China’s vice-finance minister met PwC’s chief in Beijing following a hefty fine and suspension handed to the firm’s mainland unit over auditing failures at Evergrande.
China’s top banks to tweak mortgage rates to boost housing market
Six of China’s biggest banks said they would tweak interest rates on mortgages for existing home loans following a request to lower them from Beijing’s central bank, state media said
VP of China-based AIIB says bank has proven doubters ‘100% wrong’
With 110 member states and years of experience, AIIB vice-president says Beijing-based development bank a model for multilateralism.
China’s $114 billion stimulus package immediately boosted its stock market. But can it last?
China’s $114 billion stimulus has some investors excited, but it’s lacking support for the country’s discouraged consumers.
China’s biggest banks say they will tweak mortgage rates as Beijing seeks to boost housing market
Six of China’s biggest banks said they would tweak interest rates on mortgages for existing home loans following a request from Beijing’s central bank.
China’s Central Bank Buys 200 Billion Yuan of Sovereign Bonds in September
SHANGHAI (Reuters) – The Chinese central bank said on Monday it had bought 200 billion yuan ($28.52 billion) of the country’s government bonds in open-market operations in September.
Ford, GM Stocks fall 3% After Jeep Maker Stellantis Warns About China Competition
Ford and General Motors stock fell after rival car maker Stellantis revised down its 2024 financial guidance, citing deteriorating industry dynamics and Chinese competition. Ford shares fell 3.3% to …
Beijing’s Stimulus Blitz Sends China Stocks Skyrocketing: Is the Rally Just Beginning?
Beijing’s sweeping economic stimulus has sparked a powerful rally in Chinese stocks, sending the market soaring to levels not seen in nearly a decade. On September 30, the benchmark CSI 300 Index …
