HSBC, Standard Chartered Bank, and Bank of Communications (Bocom) on Monday started helping Hongkongers open mainland bank accounts remotely, the latest move in a broader effort to make it easier for …
Tagged By financials
China to name Zou Lan as central bank deputy governor, sources say
Zou Lan, head of the monetary policy department at the People’s Bank of China (PBOC), will be promoted to deputy governor of the central bank, two sources with knowledge of the matter said.
China: China’s central bank keeps benchmark interest rate at 3.1%
The People’s Bank of China (PBOC) announced Monday that it will keep its benchmark interest rate at 3.1% for the fourth consecutive month, in line with analysts’ expectations of no change. The …
People’s Bank of China keeps one and five-year loan prime rates unchanged in Jan, as expected
The People’s Bank of China ((PBoC)) maintained the 1-year LPR at 3.1% for corporate and most household loans, and the 5-year LPR at 3.6% for mortgages. Both rates are at record lows following rate …
China keeps benchmark lending rates unchanged for 3rd straight month
China left key lending rates unchanged on Monday for the third straight month as the country seeks to maintain currency stability amid expectations of further monetary easing to support economic …
US Dollar, Treasury ETFs, Oil Prices, China’s Economy, And Ray Dalio’s US Debt Warning: This Week In Economics
The week has been a rollercoaster ride in the world of economics and finance. From the U.S. dollar’s status as the world’s reserve currency to the surge in oil prices, there’s a lot to catch…
Why China’s banks are stock market darlings – for now
INVESTORS in China’s mainland stock market made a beeline for bank stocks last year, making the sector the market’s top performer despite the country’s sluggish economy, a slowdown in loan growth, and …
One Weapon China Is Reluctant to Deploy Against Tariffs: A Weaker Currency
The last time Trump hit China with tariffs, Beijing devalued the yuan, blunting the impact. This time, Xi Jinping has signaled the country should defend its currency.
Home prices in China’s biggest cities stabilise under Beijing’s stimulus measures
New home prices across mainland China in December registered the smallest month-on-month decline since June 2023, propelled by Beijing’s stimulus package. However, it would be some time before the …
China’s Record Capital-Account Outflows Pile Pressure on Yuan
As if the yuan wasn’t already under pressure from the weak Chinese economy, a surging dollar and the prospect of higher US tariffs, the currency faces an additional downdraft: a flood of money looking …
China faces liquidity squeeze amid efforts to defend the yuan against strengthening dollar
The People’s Bank of China has increased its efforts to defend the yuan against the strengthening dollar. The efforts have resulted in a surge in funding rates that have spiked to the highest levels …
Is China’s GDP Growth Only 2%? Donald Trump Might Want To Find Out
Gao’s sin? Saying that China may have grown just 2% over the last two or three years, less than half the rate Xi’s government claims. The reason Gao is allegedly being silenced is for shining…
Markets are betting China will let yuan fall as Trump takes power, but not much
Financial markets are betting China will not use the yuan as a policy tool to offset expected U.S. tariffs in a second Donald Trump presidency, based on a view that sharp depreciation like that seen…
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