China Banking News
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China Banking News covers all the latest events, developments and trends in the Chinese finance and fintech sectors. News stories by China Banking News have been cited by Asia Times Online, BloombergQuint, ClearyGottlieb, Forbes, the Globe and Mail, Global Times, the HSBC Business School, the London School of Economics, the Jamestown Foundation, Moodys Analytics, Sinocism, Techcrunch,..
China Banking News
5d ago
A round-up of the top stories in China’s economic and financial press for the week ending 22 March 2024: Loan prime rate remains unchanged in March, observers see room for cuts in future (Securities Daily) The loan prime rate (LPR) remained unchanged in March, after the 5-year print fell by 25 basis points in February. On ..read more
China Banking News
1M ago
The top economic and financial news stories in the Chinese press as of 29 February, 2024 Ministry of Housing and Construction commits to preventing large-scale market volatility with government planning (Securities Times) The Ministry of Housing and Urban-Rural Development (MOHURD) recently issued the “Notice on Preparing Housing Development Planning and Annual Plans” (关于做好住房发展规划和年度计划编制工作的通知). The Notice requires ..read more
China Banking News
1M ago
China’s top economic and financial news stories as of 22 February, 2024. Mortgage rates approach historic lows, property market hopes to welcome a small spring (Xinhua) On 20 February, the People’s Bank of China (PBOC) (the Chinese central bank) authorized the National Interbank Funding Center to announce the latest round of loan prime rates (LPR). The ..read more
China Banking News
1M ago
China’s top economic and financial news stories as of 8 February, 2024 China’s securities regulator sends key signals to market following sustained losses (Securities Daily) Following declines over the last three trading days of January, the A-share market staged another irrational drop in the first three trading days of February. At this critical moment, the China ..read more
China Banking News
1M ago
The protracted downfall of what was once China’s largest real estate developer in terms of assets has reached its likely culmination just prior to the start of the 2024 Spring Vacation. On 29 January, the Hong Kong Supreme Court issued a liquidation order to China Evergrande Group (中国恒大集团), the property vehicle of Xu Jiayin ..read more
China Banking News
2M ago
The China Banking News Briefing: a round-up of the top economic and financial headlines in the Chinese press as of 25 January, 2024. Central bank cuts required reserve ratio, unleashes 1 trillion yuan in liquidity (People’s Daily) In order to consolidate and enhance the positive trend of economic recovery, the People’s Bank of China (PBOC) has ..read more
China Banking News
2M ago
A round-up of the top economic and financial headlines in the Chinese press as of 18 January, 2024. Xi Jinping calls for financial development with Chinese characteristics (CCTV) On 16 January, the Central Party School held a special seminar for leading cadres at the provincial and ministerial levels to promote high-quality financial development. General Secretary Xi ..read more
China Banking News
2M ago
A round-up of the top economic and financial headlines in the Chinese press as of Tuesday, 9 January, 2024 How China will spur the growth and strengthening of private enterprise in 2024 (People’s Daily) China’s latest Central Economic Work Conference stated that “in order to drive the development and growth of private enterprises, a number of ..read more
China Banking News
3M ago
The Chinese government recently convened its Central Economic Work Conference (中央经济工作会议), sending critical signals as to the direction of economic policymaking in the near future. The conference was convened from 11 – 12 December in Beijing, for the purpose of “comprehensively summarizing economic work in 2023, deeply analyzing current economic conditions, and systemically making arrangements ..read more
China Banking News
4M ago
The People’s Bank of China (PBOC), being the Chinese central bank, has just released its latest monetary policy execution report, sending key signals as to future policy settings and interest rate decisions. On 27 November, PBOC released the “2023 Q3 China Monetary Policy Execution Report” (2023年第三季度中国货币政策执行报告) – a key document for the Chinese central bank ..read more