HONG KONG (AP) — Asian shares were mostly higher on Monday, with Tokyo extending its New Year rally, as China’s central bank kept its one-year policy loan interest rate unchanged. U.S. futures and oil …
Tagged By financials
China’s Central Bank Holds Key Rate Steady in Policy Surprise
China’s central bank held a key interest rate steady on Monday while still pumping more cash into the financial system, bucking expectations that it would cut borrowing costs to support the economy. M …
UPDATE 1-Former China Everbright Group chairman arrested on suspicion of corruption -state media
BEIJING, Jan 15 (Reuters) – A former chairman of state-owned financial conglomerate China Everbright Group, Tang Shuangning, was arrested on suspicion of taking bribes and corruption, state media reported on Monday,
China regulator vows regulation ‘with teeth and thorns’ to defuse financial risk
China’s financial regulator plans to increase punishment for financial crimes and speed up the time it takes to prosecute them using regulation it calls “with teeth and thorns”.
China vows zero tolerance for financial crimes, will review punishments
CHINA’S financial regulator said it would adopt a “zero tolerance” approach to illegal behaviour and will consider revising punishment rules to make sure those who commit crimes pay a “painful price”.
China’s EV Success Risks Sowing Seeds of Economic Stagnation
A favorite adage of Peter Fisher, a longtime veteran of finance and onetime senior US official, is that risks are always more symmetric than you might think.
China agrees to consider restructuring of loans to Maldives President Muizzu
Maldives President Mohamed Muizzu said on Saturday that China, largest external creditor to the country, has agreed to consider restructuring the repayment of loans taken by his country and the …
China’s yuan loans grow by 22.75 trillion yuan in 2023
China’s new yuan deposits hit 25.74 trillion yuan in 2023, down by 510.1 billion yuan from the previous year. The outstanding yuan loans stood at 237.59 trillion yuan at the end of December, up 10.6…
US House passes finance bills bolstering Taiwan, squeezing mainland China ahead of island’s presidential election
One supports including Taipei in IMF while another directs regulators to exclude Beijing from banking organisations over threats to self-ruled island California Republican Young Kim says her bill …
China’s Deflation Shows Domestic Demand Is Big 2024 Challenge
China’s latest batch of data featured continued declines in consumer prices, flat import growth, and a slowdown in the pace of lending — all suggesting sluggish domestic demand will again top the …
China trade: prospects under cloud in 2024 despite December uptick as recovery lags, de-risking continues
China’s exports rose by 2.3 per cent in December compared to a year earlier, but its shipments are set to face pressure from trade barriers and a global slowdown in 2024, analysts said.
US House passes finance bills bolstering Taiwan and squeezing China ahead of island’s presidential election
One supports including Taipei in IMF while another directs regulators to exclude Beijing from banking organisations over threats to self-ruled island.
Tesla cuts prices in China, halts production in Berlin
Tesla shares slipped for a second straight day as the automaker announced price cuts in China, and is also idling production at Giga Berlin due to Red Sea-related supplier disruption.
