New bank lending in China fell more than expected in February from a record high the previous month, even as policymakers seek to shield the economy from an escalating trade war with the United States…
Tagged By financials
China February new bank loans fall to 1.01 trillion yuan, below forecasts
China’s banks extended 1.01 trillion yuan ($139.66 billion) of new loans in February, well below analysts’ forecasts, according to Reuters calculations based on data released by the People’s Bank of …
China’s financial regulator promotes new initiative to enhance financial supports to boost domestic consumption
Vendors are busy stocking up on fruits at a wholesale market in Jinhua, East China’s Zhejiang Province on December 22, 2024. With the New Year’s Day and the Spring Festival holidays approaching, fruit …
China tells lenders to boost financial support for consumption
China’s financial regulator urged institutions to boost support for consumption, promising in a statement on Friday to relax consumer credit quotas and loan terms as it offers long-term backing to …
Economic Expert: China is laughing all the way to the bank on Trump’s tariff policy
Rana Foroohar and Shermichael Singleton debate the merits and the end game of President Trump’s tariffs. Foroohar says she isn’t against tariffs but there needs to be a more cohesive policy with …
China’s ICBC Backs AI Push With $11 B Fund as Beijing Mobilizes 1 T Yuan for Tech Startups
The Industrial and Commercial Bank of China (ICBC) has launched an 80 billion yuan technology and innovation fund. This follows a 1 trillion yuan government-backed …
China’s ICBC launches 80 billion yuan technology innovation fund
BEIJING] Industrial and Commercial Bank of China, the world’s biggest commercial lender by assets, announced on Wednesday (Mar 12) the launch of an 80 billion yuan (S$14.7 billion) technology and …
China’s 10-year bond yield eyes key 2% level as pressure mounts
CHINA’S 10-year government bond yield is approaching the closely watched 2 per cent level, amid concerns that a recent debt sell-off may accelerate on supply pressures and Beijing’s reluctance to ramp …
China’s new financial captain faces tough mission
Attentive Chinese investors realised something unusual was happening on February 14. Dozens of listed firms simultaneously dispatched a circular announcing they had a new shareholder: Central Huijin.
China bonds drop as expectations of imminent rate cuts fade
Chinese government bonds fell on Monday and 10-year yields climbed to three-month highs after comments from the central bank governor tempered market bets of imminent interest rate cuts. The most …
Eli Lilly plans to launch Mounjaro in China, India, Brazil and Mexico by 2026, CFO says
Eli Lilly plans to launch Mounjaro, its blockbuster diabetes drug, in countries like China, India, Brazil and Mexico by 2026, Chief Financial Officer Lucas Montarce said on Monday at the Leerink …
China’s Geely sells Saxo Bank stake to Swiss private bank
China’s Geely has sold its majority stake in Denmark’s €1.6bn Saxo Bank to Swiss private bank J Safra Sarasin, ending an eight-year joint venture that bet on Chinese capital markets opening up to the …
China bond yields jump to three-month highs as investors pare rate cut expectations
Chinese government bond yields moved further away from January’s historic lows amid optimism in the faltering economy and a stock market rally.
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