Tuesday, March 2, 2021
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Tag: Interest rates

Banking

Chinese Banks Lift Rates on Large-denomination Certificates of Deposit

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The latest data indicates that a slew of Chinese banks have lifted the rates for large-denomination certificates of deposit after the People's Bank of...
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Banking

Chinese Central Bank Flags Support for Interest Rate Hike

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Senior researchers at the People's Bank of China have pointed to the possibility of a near-term interest rate hike given the Chinese economy's recent...
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Banking

PBOC Director Opposes Benchmark Deposit Rate Hikes

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One of the Chinese central bank's senior-most officials and a sitting member of the National People's Congress has expressed his opposition to hikes in...
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Economy

Conditions for Rate Hike by PBOC Not Yet Ripe: Bank of Communications

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The chief economist of one of China's big state-owned banks does not expect the central bank to hike interest rates any time soon. Speaking at...
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Banking

China’s Average First Home Loan Rate Rises for the Ninth Time This Year

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The latest data from Rong 360 indicates that China's average first home loan rate lifted to 5.22% in September, for its ninth increase since...
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Banking

People’s Bank of China Hints at Potential Rate Cut Later This Year

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An essay published by the official flagship publication of China's central bank points to the possibility of a rate cut later this year. The essay...
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Banking

SHIBOR Rises Above Loan Prime Rate As Real Economy Deleveraging Lags

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The one-year Shibor rate has risen above the interbank one year loan prime rate, and is now closing in on the PBOC one year benchmark rate. On...
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Most Read

Chinese Grain Production Rises 0.9% in 2020 to 669.49 Million Tonnes

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Grain production in China edged higher in 2020 despite the adverse economic impact of COVID-19.
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Average Disposable Incomes in China Rise 4.7% in 2020 Despite Impact of COVID-19

Economy CBNEditor - 0
Official data points to a sizeable rise in disposable incomes in China last year despite the adverse economic impacts of the COVID-19...
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ByteDance Shuffles Senior Execs at Toutiao and TikTok

Fintech CBNEditor - 0
TikTok-owner ByteDance has made adjustments to key executives at the helm of its leading social media and news content platforms.
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Bank of China Appointed Liu Jin, Former Head of China Everbright Bank, as President

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Bank of China (BOC) has announced the appointment of a veteran of China's state-owned and joint-stock banking sector to the position of...
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