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Wednesday, November 25, 2020
Tags Interest rates

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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China Construction Bank Withdraws from Digital Bond Issuance Due to “Over-excitement” in Cryptocurrency Circles

One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...

China’s Banking Authority Steps up Regulation of Trust Company Shareholders, Corporate Governance

The China Banking and Insurance Regulatory Commission (CBIRC) has issued new regulations concerning the shareholders and corporate governance of domestic trust companies....

Ant Group Grabs Approval for over $3 Billion in ABS Financing for Huabei and Jiebei Platforms

Chinese fintech giant Ant Group has just secured approval for 20 billion yuan (approx. USD$3.04 billion) in asset-backed security (ABS) financing.

Suzhou to Hold Digital Renminbi Lottery During Double 12 Shopping Festival, Test “Dual Offline” Functionality

The Jiangsu province city of Suzhou plans to conduct digital renminbi lottery trials during this year's Double 12 Shopping Festival, following the...