Tuesday, January 26, 2021
Tags Monetary

Tag: Monetary

Brad Setser Asks if a Chinese Banking Crisis Could Trigger a Currency Collapse

Former US Treasury economist as well as Nouriel Roubini associate Brad Setser asks whether a crisis in China's banking sector could lead a collapse in the...

China’s Bitcoin Prices Rise to Record Highs

Quotes for Bitcoin in China have surged to historic highs at the start of June as domestic exchanges satisfy anti-money laundering measures and overseas political...

Central Bank Props Up Mid Year Liquidity with 498 Billion Yuan in MLF

China's central bank provided 498 billion yuan via medium-term lending facilities for a term of one year on 5 June, in order to compensate for MLF set...

First Homebuyer Rates Rise for the Fourth Consecutive Month

Chinese lenders have raised rates for first homebuyer loans continuously since the start of the year, as policymakers compel the banking sector to heavily curb issuance...

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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...