Beijing joined the growing list of cities … Mainland-listed real estate stocks jumped +2.5% overnight. The People’s Bank of China (PBOC), China’s central bank, lowered the foreign exchange deposit …
Tagged By financials
Why China Is Avoiding Using ‘Bazooka’ to Spur Economy
China has taken a series of incremental steps to boost its economy after a run of disappointing data showed the government is increasingly at risk of missing its growth target of about 5% for this…
Exclusive-China to Launch New $40 Billion State Fund to Boost Chip Industry, Sources Say
HONG KONG/BEIJING (Reuters) – China is set to launch a new state-backed investment … Personal Advisors – Partner with an advisor to build a personalized financial plan based on what’s important to you. Get started…
China Seeks $40 Billion Fund to Drive Chipmaking, Reuters Says
The state-backed China Integrated Circuit Industry Investment Fund is establishing its third and largest investment pool of about 300 billion yuan ($41.1 billion), Reuters reported. The country’s …
Exclusive: China to launch new $40 bln state fund to boost chip industry, sources say
China is set to launch a new state-backed investment fund that aims to raise about $40 billion for its semiconductor sector, two people familiar with the matter said, as the country ramps up efforts …
Beijing’s Moves to Spark Stocks Have Little Staying Power
Beijing is using similar tactics employed during … are based in the already-struggling property, heavy industry, and finance sectors. Country Garden, once the gold standard for Chinese property …
China’s Country Garden Makes Overdue Dollar-Bond Payments, Narrowly Avoiding Default
The property giant paid $22.5 million in coupons to international bondholders just before the end of a 30-day grace period.
Effects of China slowdown spreading
The situation is being regarded with increasing alarm in the South Korean political establishment and the country’s finance ministry has set up a special task force to monitor the economic situation …
China’s central bank conducts 14-bln-yuan reverse repos
BEIJING, Sept. 5 (Xinhua) — China’s central bank conducted 14 billion yuan (1.95 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Tuesday. The move aims to keep …
China to guide social capital to boost investment in electronic information industry
China will guide social capital to increase investment in the electronic information manufacturing industry, the industry ministry said on Tuesday, citing a joint plan with the finance ministry.
Why China Hasn’t Unleashed the ‘Bazooka’ Option to Rescue Its Economy
The national authorities sold special treasury bonds in 2020 when the pandemic hit, and in 2009 to cushion the impact of the global financial crisis. Most economists think there’s room to do so again, …
‘Most at risk’: UBS downgrades 2 major automakers over China EVs threat
As China’s former No. 1 automaker … Although UBS expects Renault’s financial performance to remain strong in coming quarters, the bank said most indicators are no longer improving. With about 70% of …
China to improve financial transfer payment system
China will further improve its financial transfer payment system, according to a report from the State Council. This was reported by The Xinhua News Agency. The report on the country’s transfer …
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