Along with the finance ministry move, CSRC is rolling out measures to shore up market confidence in investing in listed companies …
Tagged By financials
China to Cut Stamp Duty on Stock Trading by Half
BEIJING (Reuters) – China will cut halve the stamp duty on stock trading from Monday, the finance ministry said on Sunday. The stamp duty on stock trades is now 0.1%.
More Trouble for China: Households Would Rather Save Than Spend
A lack of confidence among citizens about their current financial situations, and China’s broader economic plight, better explain this conservative consumer behavior, at a time when Beijing …
As China’s property crisis plagues its economy and financial system, is a ‘Lehman Moment’ looming?
China Evergrande Group reported losses of 812 billion yuan (US$112 billion) for 2021 and 2022, while fellow property developer Country Garden is on the verge of a bond defaultA so-called Lehman moment …
China’s rare earths dominance makes U.S. supply chains vulnerable, trade representative says
China’s dominance in rare earths makes U.S. supply chains vulnerable, U.S. Trade Representative Katherine Tai told CNBC’s Martin Soong.
China plans to cut stamp duty on stocks by up to 50% to revive confidence-sources
HONG KONG/BEIJING (Reuters) – Chinese authorities are planning to cut the stamp duty on stock trading by as much as 50%, three people with knowledge of the matter said, in a further attempt to …
China, interest rate hikes putting handbrake on economy
China’s economic woes and a lag in the sting of interest rate hikes have been flagged as the two biggest challenges to Australia’s economy. Treasurer Jim Chalmers says the economy has weakened as a …
China’s third ‘opium war’ against the West
China dominates the global fentanyl trade, helping to both supply the raw materials to produce the deadly drug.
Finance chief: Blacklisting Chinese contractors to affect PH economy
Senate President Migz Zubiri wants Chinese contractors blacklisted from the country’s infrastructure projects as Beijing’s actions in the West Philippine Sea escalate. But as Eimor Santos reports, …
China’s Economy Is Worse Now Than in the 1970s, This Analyst Says
But with a faltering economy and diminished confidence among households and companies, China debt watcher Charlene Chu, senior analyst at Autonomous Research, worries the ingredients are there for a …
China CITIC Bank reports faster growth in loan issuance in H1
BEIJING — China CITIC Bank, one of China’s joint-stock commercial banks, reported faster loan issuance growth in the first half of the year (H1), the bank said Friday. The bank issued loans worth …
China’s Market Rescue Is Failing as Xi Holds Back on Stimulus
China’s regulators face a losing battle convincing global funds to invest in the nation’s stocks unless market boosting efforts are accompanied by stronger stimulus to support growth.
China’s QDII fund size hits record as investors rush for overseas assets
China’s blue chip CSI 300 Index has lost 4% so far this year … SAFE has been accelerating granting new QDII quotas to financial institutions this year. Between January and July this year, banks and…
