China’s banking regulator on Friday issued draft revisions to rules covering certain bank loans, including personal loans, aiming to better serve the economy and curb risks.The proposed revisions by t …
Tagged By financials
Tesla Slashes Prices in China for the Second Time in 3 Months to Boost Sagging Sales
The company first slashed prices in China in late October 2022 — dropping prices of Model 3s and Model Ys by about 9.4%, CNN reported. Now, the price cuts are even deeper as Tesla struggles…
China’s boom in sustainable bonds lacks rigour, warns Fitch
Chinese companies and state-owned enterprises are increasingly turning to green and sustainable bond markets to finance China’s national climate strategy, but the bonds often fall short of …
Silicon Crash Shows China’s Relentless Domination of Solar
The price of polysilicon, the main ingredient in solar panels, has halved, offering relief to the renewable energy industry — but US-China tensions could still get in the way.
2022 Financial Results: Lululemon Got Local In China, While Calvin Klein, Tommy Hilfiger Made Global Waves
China remains a key driver of the fashion industry’s long-term growth. So how did global players perform there at the end of 2022?
China prepares to resolve outstanding local government debt
Photo/IC] China is ready to properly resolve its outstanding hidden government debt in a law-based, market-oriented manner with no bail-out from the central government, the Ministry of Finance said in …
China central bank pledges measures in 2023 to bolster upturn
Beijing: China will implement its prudent monetary policy in a targeted and efficient manner, and will ramp up financial support to domestic supply …
China’s central bank makes record weekly cash withdrawal
China’s central bank has made its biggest weekly cash withdrawal on record through a short-term bond instrument, as cash conditions loosened at the start of the year. The People’s Bank of China in a …
China’s Finance Minister Reiterates Plan for Fiscal Expansion
China’s Finance Minister Liu Kun reiterated plans to appropriately expand fiscal spending to aid economic recovery, while pledging to prevent systemic risks.
China’s central bank – commercial banks’ reserve conversions boosted its net FX purchases
People’s Bank of China (PBOC) said on Wednesday that a high amount of foreign currency it has bought recently was a result of commercial banks converting their foreign exchange holdings with the …
China’s Biggest Securities Brokerage Stumbles in Global Push
Citic Securities Co.’s dream of going toe-to-toe with Wall Street’s powerhouses in global finance is fizzling over troubles at its once free-wheeling Hong Kong operations. CLSA, acquired by Citic a …
Alibaba, Chinese tech stocks surge as Beijing boosts Ant Group
Chinese tech stocks flexed their muscles on Wednesday amid signs that Beijing is loosening up a bit on some of its tight regulatory controls over tech companies, in particular. Investors rallied …
China’s central bank pledges measures in 2023 to bolster upturn
China will implement its prudent monetary policy in a targeted and efficient manner, and will ramp up financial support to domestic supply and demand, in a bid to shore up economic recovery in 2023, …
