The People’s Bank of China said it was keeping the rate on 481 billion yuan ($70.03 billion) worth of one-year medium-term lending facility loans to some financial institutions at 2.75%, unchanged …
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China central bank ramps up fund injection via medium-term policy loans, rate unchanged
SHANGHAI, March 15 (Reuters) – China’s central bank ramped up liquidity injections when rolling over maturing medium-term policy loans for a fourth month in a row on Wednesday, while keeping the …
China’s $740 Billion Offshore Credit Market Rally Stalls Just as Restructuring Heats Up
Meanwhile, local officials have been working to bolster sentiment for onshore bonds issued by government-linked borrowers amid some concern about debt risks in that portion of China’s credit market. A …
SVB failure offers lesson for China – state media
SHANGHAI/HONG KONG (Reuters) – The collapse of Silicon Valley Bank (SVB) will not impact China’s financial system but offers an important lesson for the country’s banking industry, the official …
HSBC boss after SVB acquisition: You can bank on us
With global markets still reeling from the failure of Silicon Valley bank, we hear from the CEO of HSBC who bought the UK arm for £1 on Monday. BBC Beijing correspondent Stephen McDonnell reports from…
China’s financial market remains stable despite global shockwaves caused by SVB collapse
Following the shockwaves from the collapse of Silicon Valley Bank (SVB) weighed on global bank stocks, China’s stock indexes also dipped on Tuesday due to negative sentiment in global financial …
China’s finance minister backs Hong Kong widening ‘international cooperations’ as he speaks highly of John Lee during Beijing meeting
Chinese finance minister Liu Kun also says Hong Kong’s economic vitality has been revived under Chief Executive John Lee and hopes to ‘also learn’ from city leader High-level exchange marks first …
Local Governments Are Growing More Financially Dependent on Beijing
China’s local governments are growing increasingly reliant on money transferred from Beijing to pay for public services, as a drop in tax revenue and jump in “zero-Covid” costs pushed them further …
China battery giant CATL’s $5 bln Swiss listing delayed amid Beijing regulatory concerns – sources
Chinese battery giant CATL’s plan to raise at least $5 billion in Swiss global depository receipts (GDR) has been delayed as Beijing regulators raise concerns over the large scale of the offering, …
Australia, the UK and US are joining forces in the Pacific, but will nuclear subs arrive quick enough to counter China?
More than a year after the United States, the United Kingdom and Australia dropped the tightly held news they were combining submarine forces, the trio released more details Monday of their ambitious …
China central bank set to inject fresh funds through medium-term policy loan
China’s central bank is set to inject more liquidity when rolling over maturing medium-term policy loans for a fourth straight month on Wednesday, while keeping the interest rate unchanged, to support …
Experts: US bank collapse result of failure to adhere to core activities
The collapse of Silicon Valley Bank will not affect China’s banking industry but has highlighted the importance for banks of adhering to their primary business, serving the real economy, balancing …
China’s Provinces Are Increasingly Reliant on Beijing for Money
China’s local governments are growing increasingly reliant on money transferred from Beijing to pay for public services, as a drop in tax revenue and jump in Covid Zero costs pushed them further into …