China will continue to open up its $60 trillion financial market to foreign institutions, while sticking to the bottom line of preventing systemic risks, the nation’s new top regulator said.
Tagged By financials
China to open finance markets as investors grow nervous
“The overall risk in China’s finance industry is controllable, and we’re fully confident and able to safeguard the bottom line of preventing systemic risks,” Mr Li said at the forum. While recent …
UPDATE 1-China’s forex reserves dip, but Beijing keeps buying gold
China’s foreign exchange reserves fell only slightly in May despite a sharp drop in the yuan currency which many analysts had feared would trigger further capital outflows from the country’s stock and …
China stretched its gold-buying spree into the 7th straight month in May, signaling more central bank de-dollarization
China continued to amass gold, adding an additional 16 tons in May, while its foreign currency reserves fell, Bloomberg reported.
China big state banks to cut deposit rate from Thursday -state media
Several Chinese major state banks will lower the yuan deposit rates from Thursday, state media Securities Times reported, a move that could give more room for lower lending costs in an effort to boost …
U.S. stock futures grind lower after more weak China data
U.S. stock futures pointed to a grinding session ahead for investors as fresh data showed more difficulties for China’s economy.
China’s Guangxi Proposes New Rules to Regulate Gov’t Investments, Sets Debt-to-GDP Red Line at 300%
Local authorities in the southwestern region with a debt-to-GDP ratio exceeding the line or with debt risk events are not allowed to start any new government-funded projects in the next year, …
China Rate-Cut Expectations Grow as Signs of Weak Recovery Mount
China’s economic recovery showed further signs of weakening in May, clouding the outlook for the rest of the year and fueling calls for more central bank stimulus.
China Traders Are Leveraging Up The Most on Record on Flush Cash
A gauge of leveraged activity in China’s money market has notched another record as onshore financial institutions take advantage of ample liquidity to boost borrowing.
China to further open financial sector, regulator tells Citigroup CEO
Citigroup’s Chief Executive Jane Fraser held a meeting with the head of China’s new financial regulator on Monday, the National Financial Regulatory Administration (NFRA) said, as the bank expands its …
China’s yuan flat, bolstered by authorities’ pressure on banks while exports disappoint
China’s exports fell much faster than expected in May year-on-year, while imports contracted at a slower pace, customs data showed on Wednesday. Prior to the market open, the People’s Bank of China …
Hong Kong stocks approach 2-week high as JPMorgan, Deutsche Bank, Daiwa chime in on China policy stimulus bets as exports slump
Hong Kong stocks approached the highest level in two weeks amid signs China is taking steps to support its currency and strengthen post-pandemic recovery. A slump in external trade may add urgency for …
Lender on a bender? Why China’s bailing BRI nations out of defaulting on Chinese loans
President Xi Jinping’s Belt and Road Initiative & cheque-book diplomacy face real-world test of post-Covid financial distress, as nations indebted to China are confronted with default on loans.