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
6d ago
Speculation has emerged since the start of April that Beijing could launch its own round of quantitative easing or even MMT-based debt monetisation, following reports that the People’s Bank of China (PBOC) is planning to increase treasury purchases, as well as recent statements from Xi Jinping on the need to expand monetary policy tools. “In ..read more
China Banking News
2w ago
A round-up of must-read stories in China’s economic and financial press as of Friday, 29 March 2024. Xi Jinping wants to inject “positive energy” into Sino-US relations (CCTV) On 27 March, President Xi Jinping met with representatives from the U.S. business community and the geopolitical academic community at the Great Hall of the People in Beijing. “I ..read more
China Banking News
3w 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
2M 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
2M 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
2M 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
3M 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
3M 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
3M 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