The situation of controlling the risks from the property sector remains serious,’ a Bank of Communications spokesperson says.
Tagged By financials
China regulator met with foreign investors to alleviate concerns – sources
China’s securities regulator met with representatives from top Western asset managers on Friday to reassure them about the country’s economic prospects, as its post-COVID recovery falters, two people …
Exclusive: China plans to cut stamp duty on stocks by up to 50% to revive confidence-sources
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 revitalise the country’s struggling …
China plans to cut stamp duty on stock trading by up to 50% to revive sentiment
In the latest such move, China’s central bank has asked some domestic banks to scale back their outward investments through the Bond Connect scheme, Reuters reported on earlier on Friday, citing …
Analysis-Case Builds for China’s Banks to Cut Deposit Rates
China cut its one-year loan prime rate (LPR) by 10 basis point this week but left the five-year tenor, which influences the pricing of mortgages, unchanged at 4.2%. The People’s Bank of China (PBOC) …
As China’s economy slows, the buck stops with leader Xi Jinping
This approach dragged China’s economy out of the 2008 global financial crisis. It also gave the Communist Party leaders a newfound sense of confidence that the United States and its market liberalism …
China has no pain-free solutions for its slowing economy
But China’s employment market is weak, with youth joblessness at record highs above 21%. The private sector, responsible for 80% of new urban jobs, is still recovering from regulatory crackdowns on …
China Rolls Out Major Mortgage Easing for Homebuyer Support
China unveiled further mortgage easing policies to bolster its residential property market in an attempt to support economic growth.
China Construction Bank warns of pressure on profit margin
China Construction Bank, the country’s second largest by assets, has warned that its profit margin will stay under pressure this year as concerns mount about the health of the country’s $56tn banking …
China’s central bank conducts 221-bln-yuan reverse repos Friday
BEIJING, Aug. 25 (Xinhua) — China’s central bank conducted 221 billion yuan (about 30.74 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Friday. The move aims to …
China Construction Bank says to keep a ‘proper level’ of profit margin
China Construction Bank Corp (CCB) will strive to keep a proper level of net interest margin, CCB President Zhang Jinliang at a post-earnings news conference on Thursday.The bank will continue to …
Bank of East Asia, China Construction Bank earnings marred by rise in bad loans to mainland’s distressed property sector
China’s worsening property crisis saw bad loans rise at Bank of East Asia and China Construction Bank, which tarnished otherwise decent first-half earnings.
China’s yuan is displacing other top global currencies in trade, but not the US dollar
“The higher share of CNY in trade invoicing doesn’t seem to be dethroning USD, but rather pushing out second tier developed market FX, such as GBP.” …
