Sunday, January 17, 2021
Tags Chinese coronavirus

Tag: Chinese coronavirus

Big State-owned Banks Cut Rates for Consumer Loans in Response to Coronavirus

China's big state-owned banks have been slashing rates for consumer loans since February in order to whet the appetite of customers still...

China’s Daily Face Mask Production Exceeds 100 Million Units, Non-woven Textiles Rise 5-Fold in Price

Production of face masks in China has surged as the Chinese government continues efforts to curb the spread of the novel coronavirus....

Only 61% of Beijing’s Large-scale Industrial Enterprises Resume Operation as Coronavirus Containment Continues

Just over 60% of Beijing's large-scale industrial enterprises have resumed operation as the impacts of the coronavirus outbreak continue.

Chinese Central Bank Says Property Will not Be Used for Short-term Economic Stimulus During Coronavirus Outbreak

The People's Bank of China (PBOC) says that policymakers will refrain from using the property market as a channel for short-term stimulus...

Shanghai Carrefour Faces 2M Yuan Fine After Hiking Fresh Vegetable Prices 692%

A Carrefour in Shanghai faces a hefty fine after pumping up the prices of vegetables amidst the ongoing coronavirus outbreak.

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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.