The People’s Bank of China (PBOC) said it was keeping the rate on 100 billion yuan ($13.82 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged …
Tagged By financials
China Development Bank lends nearly 267 bln yuan for infrastructure development in Q1
BEIJING, April 14 (Xinhua) — China Development Bank (CDB) said it had issued 266.9 billion yuan (about 37.61 billion U.S. dollars) in loans during the first quarter of 2024 to bolster the advancement of infrastructure…
Former chairman of prominent China bank indicted for bribery and embezzlement
The former chairman of China Everbright Group, Tang Shuangning, who used to serve as a senior official at the People’s Bank of China and the China Banking Regulatory Commission, is under indictment
Niger and China sign crude oil MOU worth $400 mln, says Niger state TV
NIAMEY, April 13 (Reuters) – Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp (CNPC) worth $400 million linked to the sale of crude oil …
China’s Yuan Outpacing US Dollar in Current Performance
The rise of the yuan to claim over 42% of total currency exchanges in Russia, while the US dollar’s share has dipped to 39.5%, signals a notable departure from traditional curre …
Yellen Carried The EV Tariff Threat To Beijing
Treasury Secretary Yellen went to China to warn China off its efforts to dominate green energy products and to threaten tariffs.
Asia markets mixed ahead of trade data in China and bank earnings
Japan’s industrial output falls more than initially anticipated to 0.6% in February The yen came under pressure even after the BOJ took the first step toward normalizing policy, as Japanese rates remained at ultra-low levels,
JPMorgan Private Bank Taps Goldman’s Kui as Head of China
JPMorgan Chase & Co. named Florence Kui as head of China market for its private bank, amid broader changes to its overall leadership overseeing operations in the world’s second largest economy.
ADB increases its growth forecast for China to 4.8%
The Asian Development Bank has revised its growth forecast upwards for China to 4.8 percent in 2024, 0.3 percentage points higher than the estimate made in December. With more proactive fiscal policies in place, the…
China tightens Russia payments scrutiny, hitting electronics components, say Russian media
Russian companies are facing growing hurdles when making payments to China, two Russian news outlets reported on Friday, with one saying transactions involving electronics components were being …
China Funds Weigh $415,000 Pay Cap in ‘Common Prosperity’ Drive
Several Chinese mutual fund managers have proposed to cap staff salaries at about 3 million yuan ($415,000), in response to President Xi Jinping’s “common prosperity” drive, according to people …
China’s Financial Institutions Issued Less Credit in January-March
The data suggest continued tepid borrowing demand from corporates and households.
Economists weigh pros and cons of Trump plan for 60% tariff on China
Economists debate the pros and cons of former President Trump’s proposed 60% tariff on all Chinese imports, which could raise prices on American business and consumers.
