Tuesday, March 2, 2021
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Tag: Interest rates

Chinese Banks Lift Rates on Large-denomination Certificates of Deposit

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...

Chinese Central Bank Flags Support for Interest Rate Hike

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...

PBOC Director Opposes Benchmark Deposit Rate Hikes

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...

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

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...

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

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...

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

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...

SHIBOR Rises Above Loan Prime Rate As Real Economy Deleveraging Lags

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

Grain production in China edged higher in 2020 despite the adverse economic impact of COVID-19.

Average Disposable Incomes in China Rise 4.7% in 2020 Despite Impact of COVID-19

Official data points to a sizeable rise in disposable incomes in China last year despite the adverse economic impacts of the COVID-19...

ByteDance Shuffles Senior Execs at Toutiao and TikTok

TikTok-owner ByteDance has made adjustments to key executives at the helm of its leading social media and news content platforms.

Bank of China Appointed Liu Jin, Former Head of China Everbright Bank, as President

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...