Thursday, May 9, 2024

Monthly Archives: January, 2018

Central Bank Tightens the Screws on Interbank Certificates of Deposit

The People's Bank of China has greeted 2018 with further tightening of interbank lending activities. Despite a crackdown on shadow banking last year, interbank certificate...

Can China’s Central Bank Starve Bitcoin Miners of Power?

The People's Bank of China believes it can reduce the scale of domestic bitcoin production by ordering local governments to crack down on power...

China to Build USD$2.1 Billion Artificial Intelligence Research Park in Beijing

China plans to build a 13.8 billion yuan (USD$2.1 billion) research facility dedicated to artificial intelligence in the Mentougou district of western Beijing. The state-owned...

Ant Financial’s Bid for MoneyGram Blocked on National Security Grounds

Ant Financial's ambitions to take over US payments giant MoneyGram International have been thwarted by a US government panel that has rejected the purchase...

Shares in Smaller Banks Battered by 2018 Policy Concerns

Shares in China's smaller lenders have taken a battering across the opening trading sessions of 2018, due to concerns that Beijing will further tighten...

Renminbi Pierces 6.5 Threshold, Hits 18 Month High

The central parity rate of the Chinese yuan has risen to 6.492 against the US dollar on 3 January according to figures from the...

Chinese Central Bank Tipped to Raise Money Market Rates Moderately in 2018

A new survey from Bloomberg sees the People's Bank of China applying modest hikes to money market rates this year, as its deleveraging campaign...

Credit Stimulus No Longer Effective at Shoring up Chinese Growth: IMF

A new paper from the International Monetary Fund concludes that credit stimulus is no longer capable of supporting further growth of the Chinese economy. The...

Chinese Central Bank’s Liquidity Injections Surged in December

The People's Bank of China posted a sharp on-month increase in its open market liquidity injections for December, in a bid to ease constrained...

China Caps Individual Bank Card Withdrawals at USD$15,000 Per Annum

China's State Administration of Foreign Exchange has stepped up capital account controls with the launch of new regulations that restrict the amount of money...

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