SHANGHAI (Reuters) -Global investment banks have raised their projections for China’s economic growth and turned less bearish on the Chinese currency after early signs of economic recovery, though …
Tagged By financials
In search of financial autonomy
The US dollar accounted for about 58 percent of global foreign currency reserves and 88 percent of the daily foreign exchange market turnover as of 2023. However, this dominance creates …
China to issue sovereign green yuan bonds in UK for first time
China’s finance ministry said on Wednesday it would issue up to 6 billion yuan ($829 million) of yuan-denominated sovereign green bonds in London, marking China’s first issuance of such bonds overseas …
China’s struggling local lenders creating a ‘slow-motion banking crisis’
Local government authorities have been impacted as the property crisis and declining sales of land have hit revenue. Since the pandemic, land sales have declined steadily, falling 23.1 per cent in …
China’s Ping An Insurance posts 48% rise in 2024 profit
Co of China Ltd reported a 47.8% rise in its net profit last year, driven by growth in its life and health insurance business, the Chinese insurance giant said in a filing released on Wednesday.
Key Takeaways from China’s 2025 Two Sessions – Policy Priorities, Annual Budget, and Legislative Plans
The China Two Sessions 2025 outlined key policy priorities, economic strategies, and legislative plans, with significant impact for business.
China markets are set to outperform Wall Street as U.S. ‘exceptionalism’ comes to a pause
Chinese markets’ rally has been gaining steam, and market watchers are expecting it to outperform its American counterparts as U.S. exceptionalism sputters.
Banking institutions in action to lift consumption
The nation’s banking institutions have a chance to respond to the policy directives aimed at boosting China’s consumer spending with loans and other retail credit solutions that can provide consumers …
China banks cut consumer loan rates to record low to spur demand
NEW YORK] Chinese banks are slashing rates on consumer loans to record lows as policymakers ramp up stimulus to stabilise growth and counter US President Donald Trump’s tariffs. Read more at The …
China keeps close eye on US, Panama Canal deal
China does not seem pleased with the recent deal between a Hong Kong company and U.S. finance and investment firms for the ownership of certain ports on the Panama Canal …
More China Consumers Feel Better Off, Deutsche Bank Survey Shows
Consumer sentiment in China has improved sharply from last year, a survey by Deutsche Bank AG has revealed, offering a glimpse into the state of household expectations that remain held back by the …
China scrutinising Hong Kong firm’s sale of Panama Canal ports
China is scrutinising a deal struck by a Hong Kong company to sell ports at the Panama Canal to a United States financial firm. Beijing directed multiple agencies on Tuesday to examine the transaction …
China’s banking financial institutions urged to better support private economy
BEIJING – The China Banking Association and the All-China Federation of Industry and Commerce jointly issued a proposal on Monday, calling on the country’s banking financial institutions to use more …
