The global stock index is near record highs after a burst of late summer volatility sparked by fears of a U.S. recession was eased by the Federal Reserve’s first rate cut of this cycle, where…
Tagged By financials
China’s ‘whatever it takes’ moment? Investors hope for hundreds of billions in new stimulus
Investors are on tenterhooks as Beijing prepares to deliver fresh policies over the weekend that could jumpstart its economy. China’s Finance Minister Lan Fo’an is set to hold a press conference at 10 …
China Finance Ministry Briefing Set to Be Another Boom or Bust Moment for Stimulus Hopes
The pressure is on for China’s Finance Ministry to deliver more fiscal stimulus at a press conference on Saturday.
Understand Xi and you’ll adjust expectations for China stimulus
Yes, China can surprise on the upside when it commits to lifting growth. But it is also true that it can’t perform the same tricks forever. This is not a short-term speed bump it is…
China’s runaway rally stutters on stimulus uncertainty
By Tom Westbrook SINGAPORE (Reuters) -Chinese shares slumped and commodities were struggling to find a footing on Wednesday as investors tempered expectations for a robust Chinese economic recovery, while a downbeat outlook from New Zealand’s…
Beijing Letter: Stock market rally fizzles out as Chinese hope for effective fiscal measures
China went back to work on Tuesday morning after a weeklong National Day holiday with the unlikely topic of the stock market dominating the conversation on social media and in real life. The markets …
How China’s crackdown turned finance high-flyers into ‘rats’
Now I think about it, I definitely chose the wrong industry.” Xiao Chen*, who works in a private equity firm in China’s financial hub, Shanghai, says he is having a rough year. For his first…
China central bank opens $71-B ‘swap facility’
BEIJING ― China’s central bank boosted support for markets on Thursday by opening up tens of billions of dollars in liquidity for firms to buy stocks as part of a raft of measures by Beijing…
Former China deputy central bank head gets suspended death sentence for taking bribes
China’s former deputy central bank governor, Fan Yifei, has been sentenced to death for taking bribes with a two-year reprieve, state media said on Thursday, amid a sweeping anti-graft drive in the …
China Steps Up Checks of Wealth Management Products After $149 Billion Outflow
China has asked its financial institutions to beef up monitoring of the nation’s wealth management products, people familiar with the matter said, after investors pulled some $149 billion to chase a rally in stocks.
Futu, Lufax, Qifu again dominate weekly financial gainers after China stimulus
Chinese financial stocks continued to score the biggest weekly gains among financials after China late last month announced stimulus measures aimed at jumpstarting the economy Financial stocks, overall,
China’s central bank says opens up $70.6 bn in liquidity to boost market
China’s central bank boosted support for markets on Thursday as it launched a “swap facility” offering firms access to $70.6 billion in liquidity as Beijing seeks to raise confidence in the country’s …
China central bank kicks off 500 billion yuan swap facility to aid stock market
China’s central bank said on Thursday it would start accepting applications from financial institutions to join a newly created funding scheme, initially worth 500 billion yuan ($70.62 billion), to …
