Tuesday, June 22, 2021
Home Economy

Economy

China’s Loan Prime Rate Unchanged for 13th Consecutive Month in May as Economic Recovery Continues

The benchmark rate for the Chinese banking sector has held steady for over a year, with domestic analysts pointing to the ongoing...

ICBC Continues to Dominate Discounted Bills Market, Drives Financing for Small Businesses

China's biggest bank in terms of assets continues to dominate the domestic market for discounted bills, as it strives to satisfy Beijing's...

Household Deposits in China Post Record Contraction in April

The Chinese banking system saw an unusually large contraction in deposits in the month of April, well ahead of declines normally induced...

NDRC Outlines Slew of Measures to Support Growth of Private Enterprises in China

One of China's top central government authorities has flagged a slew of measures to support the growth of enterprises in the country's...

Beijing Expresses Concern over Gains in Commodities Prices

One of China's top central government authorities has expressed its concerns about the impact of ongoing gains in commodities prices on segments...

High Net Worth Individuals in China on Track to Approach 3 Million by End of 2021: CMB Report

A new report on private wealth in China jointly released by China Merchants Bank (CMB) and global consultancy Bain & Company highlights...

Hainan Calls for Regional Enterprises to Seek Financing Via Overseas IPO’s, Sale of Government Bonds to Global Investors

The latest development plan issued by the Chinese island province of Hainan encourages regional enterprises to pursue financing via listing on domestic...

MLF Rates Remain Unchanged for 14th Month Straight, Domestic Analysts Highlight Chinese Central Bank’s Focus on Stability

The long unchanged rate for the Chinese central bank's medium-term lending facilities (MLF) attests to it determination to maintain the stability of...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...

China’s Macro-leverage Ratio Further Slides in First Quarter of 2021 to 276.8%

China's macro-leverage ratio has continued to slide in the first quarter of 2021, following a sharp surge in 2020 as regulators sought...

Latest stories

Alibaba Invests USD$15 million in Launch of “Smart Finance” Digital Subsidiary

Chinese e-commerce giant has Alibaba just launched a new wholly invested fintech subsidiary helmed by a senior executive from its Ant Group-backed...

PBOC to Issue 5 Billion Yuan in 6-month Central Bank Bills on 24 June in Hong Kong

The People's Bank of China (PBOC) has announced plans for a new issue of central bank bills (CBB) via Hong Kong on...

Structured Deposits at Chinese Banks Drop to New Low for 2021 in May

Outstanding structured deposits of Chinese banks have further fallen to a new low for the year following a crackdown on use of...

Bank of China Commits to Development of New Blockchain Applications

A senior tech executive from one of China's big state-owned banks has stressed the lender's commitment to the development and application of...