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Banking

Seven-Year China Bear Turns Bull After $240 Million Loss on RMB Shorts

CBNEditor - September 8, 2017 0

A US hedge fund manager has abandoned his bearish outlook on the Chinese economy after losing over USD$240 million betting on a currency collapse. Mark...

Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

Banking CBNEditor - November 30, 2020 0

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Finance CBNEditor - November 30, 2020 0

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Economy CBNEditor - November 30, 2020 0

Big state-owned lender Bank of China (BOC) has issued a rosy forecast for Chinese GDP growth in 2021 following efforts to contain...

Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November

Banking CBNEditor - November 30, 2020 0

The People's Bank of China (PBOC) has announced that it undertook 200 billion yuan in medium-term lending facility (MLF) operations and 150...

Tag: Bull

Most Read

Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November

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