China’s central bank announced on Thursday cuts to some sector-specific interest rates to provide an early boost to the economy, and signalled it has room this year for further reductions in banks’ …
Tagged By financials
China’s December new bank loans beat forecast as stimulus juices credit demand
New bank loans in China rose quicker than expected in December, as government stimulus measures appeared to gradually whet appetite for credit long suppressed by a property market crisis and tepid …
China central bank to cut policy tool rates by 25 bps
China will cut interest rates on various structural monetary policy tools by 25 basis points and boost its re-lending programme for supporting tech innovation by 400 billion yuan ($57.37 billion) to 1 …
How Harvard’s Ties to China Helped Make It a White House Target
Harvard turned to international donors, including China, as one way to help save it from financial troubles. That money is dwindling, but Republicans are questioning the relationship. By Stephanie …
Citi and Bank of Shanghai Launch First-of-Its-Kind Payments Solution for International Travelers in China
SHANGHAI–(BUSINESS WIRE)–Today, Citi (NYSE: C) and Bank of Shanghai launched a first-of-its-kind payments solution on Bank of Shanghai’s TourCard. The TourCard aims to provide international …
China’s central bank to conduct 900-billion-yuan outright reverse repo operation
BEIJING – The People’s Bank of China, the country’s central bank, announced on Wednesday that it will conduct a 900-billion-yuan ($128.35 billion) outright reverse repo operation on Thursday to …
Bank of China Announces Board of Directors and Governance Structure
Discover outperforming stocks and invest smarter with Top Smart Score Stocks Filter, analyze, and streamline your search for investment opportunities using Tipranks’ Stock Screener Bank of China ( (HK …
China brokers rebuild ranks, raise pay on dealmaking return
Overall, mainland China IPO deal values rose 30 per cent last year after sliding for two years, according to Bloomberg-compiled data. In Hong Kong, where Chinese brokerages top the league tables, IPOs …
ING to Acquire Stake in Bank of Beijing
ING Group NV, the biggest Dutch financial services company, has agreed to buy a stake in Bank of Beijing Co. for $215 million. ING is to get a 20% stake in Bank of Beijing and…
Beijing & Washington Heat Up Over New Development Bank
It’s not often that the UK finds itself in Washington’s bad books—this is, after all, a country that supports the US in even its most ill-advised foreign adventures and is often described as America’s …
Russia outsmarts Western sanctions—and China is paying attention
Nazem Ahmad, an art collector and financier, who owns work by Andy Warhol and Pablo Picasso, has been under American sanctions since 2019. That may sound like a problem, but it has not stopped him…
China moves to overhaul banking supervision
China has launched the most significant overhaul of its banking supervision framework in more than 20 years, unveiling draft amendments to the Banking Supervision and Administration Law that would …
China financial regulator approves Liao Lin as ICBC’s chairman
Feb 19 (Reuters) – China’s financial regulator has approved Liao Lin as chairman of Industrial and Commercial Bank of China Ltd (ICBC) 601398.SS1398.HK, the world’s largest lender by assets, according …
