“Looking ahead, we expect China’s economy to pick up speed in the run up to the 20th Party Congress, on increased stimulus measures and easing COVID-19 control policies.” The window for further policy …
Tagged By financials
China central bank renews medium-term policy loans, rate unchanged for a sixth month
China’s central bank rolled over maturing medium-term policy loans while keeping interest rate unchanged for a sixth straight month on Friday, matching market expectations.
China Banks Report $312 Million of Bad Loans in Mortgage Boycott
China’s banks have detailed 2.11 billion yuan ($312 million) of loans at risk to the increasing number of homebuyers refusing to pay mortgages on unfinished homes, as fears grow over a potential …
China PBOC Keeps Key Policy Rates Unchanged
The People’s Bank of China kept its key policy rates unchanged on Friday while injecting fresh liquidity into the financial market.
China Shares Waiting On GDP Data
Among the actives, Industrial and Commercial Bank of China skidded 1.13 percent, while Bank of China tumbled 1.82 percent, China Construction Bank declined 1.59 percent, China Merchants Bank plunged 3 …
China GDP data to show sharp slowdown in Q2, tepid recovery in June
China is expected to report a sharp slowdown in economic growth in the second quarter after widespread COVID lockdowns jolted factories and consumers, although activity in June may have perked up.
Is China Stumbling Into Its Own Mortgage Crisis?
A rapidly spreading protest — borrowers refusing to make payments on unfinished homes — threatens to rattle the financial system.
Intimidation, crackdowns blow the lid off Chinese rural banking scandal
A massive scandal worth tens of billions of yuan is rocking the critical rural banking sector in China. Authorities blame a “criminal gang” for illegally siphoning off depositors’ money and …
Barclays seeks entry into China’s US$4.3 trillion asset management market
Barclays is seeking a Chinese banking partner to set up an asset management joint venture in the country, two people with knowledge of the matter said, as part of British lender’s plans to expand its…
30% of China’s local governments may face severe debt strain: S&P
Almost a third of local and regional governments in China could be in dire enough financial straits at the end of this year to require corrective action such as cutting spending, as growing interest …
IMF says China needs more fiscal, monetary support to fight COVID slowdown
The International Monetary Fund said on Thursday that China needs to add more fiscal and monetary policy support to combat an economic slowdown brought on by continued COVID-19 lockdowns, but …
Valuing, financing and mainstreaming Nature-based Solutions in China
A new study released last month examining the value of Nature-based Solutions (NbS) calls for stronger policy and financing support, together with wider application and scaling up of NbS across China.
China’s banking, insurance sectors run in reasonable range in H1
China’s banking and insurance sectors have operated within a reasonable range so far this year, the China Banking and Insurance Regulatory Commission said Thursday. From January to June, financial …
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