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…
Tagged By financials
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 …
China’s Central Bank Launches Swap Facility to Boost Stock Market
China’s central bank is moving ahead with a 500-billion-yuan swap facility to let securities, fund, and insurance firms get liquid assets for their stock purchases.
China’s central bank says opens up 500 billion yuan in liquidity to boost market
CHINA’S central bank on Thursday launched a “swap facility” offering firms access to 500 billion yuan (S$92.3 billion) in liquidity, as Beijing seeks to boost the country’s flagging economy. Read more …
China’s Stimulus Measures: A Temporary Bandage On Deeper Economic Issues
While the Chinese government has recently enacted stimulus measures to revitalize its flagging economy, many investors and economists remain skeptical on its impact.
China reportedly offered to sell EVs for a minimum of €30,000 in Europe, half the average price of EVs in the region
The Chinese government reportedly offered to sell EVs for a minimum of €30,000 in Europe to stave off eventual tariffs implemented by the EU, but the proposal still fell way below the average price of…
Oil sinks nearly 5% as run-up amid Middle East conflict pauses, China stimulus dissapoints
Oil snapped a five-day winning streak on Tuesday as the recent rally stemming from the Middle East conflict took a pause, and China signaled no additional big stimulus.
Take two — Beijing sets new press conference for fiscal discussion on Saturday
China will hold a press conference on fiscal policy this Saturday, though investors expressed impatience about having to wait for news of additional measures to stimulate the world’s second biggest …
