China’s central bank will keep monetary policy targeted and ensure credit growth is stable, Governor Yi Gang said, keeping the policy stance largely unchanged despite rising calls for more stimulus.
Tagged By financials
China’s Second-Quarter GDP Growth Will Be ‘Relatively High,’ PBOC Gov Says
People’s Bank of China Gov. Yi Gang said the nation’s economic growth will be “relatively high” in the second quarter due to base effects and consumer inflation will pick up in the second half of…
China central bank’s ex-deputy governor found guilty of corruption
China said Friday a former deputy governor of its central bank has been found guilty of corruption, becoming the latest high-ranking official to face punishment in President Xi Jinping’s years-long …
Former China central bank vice governor expelled from CPC, office
Fan Yifei a former vice governor of the People Bank of China has been expelled from the Communist Party of China CPC and dismiss …
China’s May new yuan loans seen rebounding: Reuters poll
China’s new yuan loans are expected to have rebounded in May after a sharp drop in April, a Reuters poll showed, as the central bank keeps policy accommodative to support a fragile economic recovery.
China’s factory deflation steepens as demand wanes
China’s factory gate prices fell at the fastest pace in seven years in May and quicker than forecasts, as faltering demand weighed on a slowing manufacturing sector and cast a cloud over the fragile economic…
Exclusive: Credit Suisse puts up China brokerage venture for sale
Credit Suisse and a joint venture partner are seeking buyers for their China securities brokerage business due to the Swiss bank’s takeover by rival UBS , said two people with direct knowledge of the …
China’s factory gate deflation speeds up in May as demand wanes
China’s factory gate prices fell at the fastest pace in seven years in May and quicker than forecasts, as faltering demand weighed on manufacturing and the fragile economic recovery. As rising interests rise and inflation…
China’s financial risks remain ‘controllable’
Photo/Xinhua] While the recent international banking crisis has exerted little direct impact on China’s banking system, the warning signals have pointed to the importance of detecting and dealing with …
China Should Cut Rates to Aid Recovery, Government Adviser Says
China should cut interest rates to alleviate private firms’ financing burdens and boost the economic recovery, according to a prominent economist and government adviser.
China’s state-run banks cut deposit rates to stimulate sluggish economic growth
Lowered deposit rates will eventually lead to an easing in lending rates, prompting more Chinese consumers to borrow.
China Financial Watchdog Vows to Further Open Up, Curb Risks
China will continue to open up its $60 trillion financial market to foreign banks and investment firms, while sticking to the bottom line of preventing systemic risks, the nation’s new top regulator …
China willing to deepen cooperation with UK financial sector -state media
China’s Vice President Han Zheng said on Thursday the country is willing to deepen cooperation with the British financial sector and promote sound development of bilateral economic and trade relations …
