The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing.
Tagged By financials
China cuts banks’ reserve ratio for second time in 2023 to aid recovery
China’s central bank said on Thursday it would cut the amount of cash that banks must hold as reserves for the second time this year to boost liquidity and support the country’s economic recovery. The…
China’s Central Bank Cuts Reserve Ratio to Spur Lending
China’s central bank is freeing up nearly $70 billion of bank reserves in an attempt to boost the sluggish economy. The People’s Bank of China will cut the so-called reserve requirement ratio by a qua…
China cuts banks’ reserve ratio to aid recovery
China’s central bank will cut banks’ reserve requirement ratio by 25 basis points from Sept. 15, it said in a statement on Thursday.
DBS CEO Gupta Says China ‘Consequential’ to Bank’s Strategy
DBS Group Holdings Ltd. sees China continuing to be consequential for the bank even as the country grapples with headwinds in the short-term, according to the chief of Southeast Asia’s largest bank.
China’s Central Bank to Cut Reserve-Requirement Ratio Further
China will further lower the amount of deposits banks have to set aside as reserves, releasing more liquidity into the nation’s financial system amid slowing economic growth.
Tim Scott wants to strip China of its ‘developing nation’ status as part of trade platform
Sen. Tim Scott (R-SC) said China should be stripped of its “developing nation” status, an international designation that grants it special privileges and flexibility over the United States, as a means …
China’s Central Bank Set to Boost Liquidity but Keep Policy Rate Steady
SHANGHAI (Reuters) – China’s central bank is expected to boost liquidity while keeping the borrowing cost steady when rolling over its medium-term policy loans on Friday, a Reuters survey showed, …
Chinese banks shun Beijing’s flagship property bailout fund
State-backed lenders have disbursed less than 1% of $27bn scheme after failing to find creditworthy developers …
China finance boss jailed for life as part of major corruption purge
Wang Bin, the former boss of China Life Insurance Co, was sentenced by a court in Jinan in eastern China’s Shandong province on Tuesday. The court found him guilty of taking $45m in bribes and…
What is shadow banking? Unpacking the risks for China
China’s real estate market woes have again drawn attention to the world of shadow banking and the risks it poses to the economy.
China’s great wall of debt driving ‘unsustainable’ increase in borrowing, IMF warns
Local governments are also struggling with mounting bills after borrowing huge amounts to finance day-to-day spending as well as infrastructure projects. China’s total debt-to-GDP ratio has increased almost four-fold from around 70pc in the mid-1980s…
China’s finance ministry boosts inclusive finance with new policies
China has been facilitating financing for small businesses. The outstanding inclusive finance lending to small and micro-sized companies reached 27.7 trillion yuan (3.85 trillion U.S. dollars) at the …
