Top

Tag: China


News

Despite Beijing’s Verbal Support, Chinese Companies and Banks Are Distancing Themselves From Russia

April 20, 2022

Via: CNSNews.com

Ever since Russia sent troops into Ukraine nearly two months ago, China has refused to join the U.S. and Europe in condemning the Kremlin’s actions or imposing economic sanctions, with officials pledging instead to maintain “normal business ties” with Russia. […]


Capital and Risk, Macroeconomic

$355,301,700,000: U.S. Trade Deficit With China Tops $300 Billion for 10th Straight Year

February 8, 2022

Via: CNSNews.com

The United States ran a $355,301,700,000 merchandise trade deficit with the People’s Republic of China in 2021, marking the tenth straight year the U.S. trade deficit with China has topped $300 billion, according to data released today by the Census […]


Capital and Risk, Macroeconomic

Stephen Moore: Can Biden’s Taxing and Borrowing Fend Off the Chinese Menace?

October 12, 2021

Via: CNSNews.com

With each passing week, it looks like World War III — between America and China — is coming sooner than we think. It’s not going to be fought with bullets or aircraft carriers, although the Chinese are building up their […]


Activity, Insurance, Regulations

China Regulator Pledges Continued Backing of Hong Kong as Financial Center

August 24, 2020

Via: Insurance Journal

China’s banking regulator pledged its backing for Hong Kong as a finance hub and reiterated a commitment to opening up the Chinese financial sector amid a deepening standoff with the U.S. China will provide support for its financial institutions doing […]


Capital and Risk, Operational

Morgan Stanley blocks remote network access for China interns

July 27, 2020

Via: Banking Technology

The FT reports that the news comes “as foreign companies become increasingly concerned about Beijing’s tough cybersecurity rules”, despite China’s cybersecurity laws covering similar regulations to the EU’s General Data Protection Act (GDPR) or the EU Cybersecurity Act. The Wall […]


Activity, Trading

Stocks trim opening losses as U.S. retail sales tank, trade tensions with China ratchet up

May 15, 2020

Via: Market Watch

Stocks were well off their lows on Friday and fighting for altitude after data showed U.S. April retail sales plunged more than forecast and on reports the Trump administration will block shipments of semiconductors to China’s Huawei Technologies, stoking fears […]


Capital and Risk, Credit

China calls on banks to lend more aggressively to small businesses

April 9, 2020

Via: Banking Technology

On 3 April, the People’s Bank of China (PBOC) cut the interest rate it pays banks to park funds with the central bank to 0.35% from 0.72%. The PBOC had last cut the rate in November 2008. Beijing also lowered […]


Capital and Risk, Macroeconomic

Coronavirus hits China’s economy twice as financial contagion spreads across the globe

March 20, 2020

Via: CNBC

Chinese businesses are getting back to work just as many parts of the world are shutting down, and that could add a second jolt to the world’s second-largest economy. Mainland China has reported zero new domestically transmitted confirmed coronavirus cases […]


Capital and Risk, Macroeconomic

China’s central bank to cut rates soon, analysts predict

March 12, 2020

Via: CNBC

BEIJING — China’s central bank is expected to cut key rates soon, following a directive from a meeting led by the country’s second-in-command, Premier Li Keqiang. Li chaired an executive meeting of China’s highest administrative body, the State Council, on […]


Capital and Risk, Macroeconomic

How bad could it get? Economists predict how the coronavirus could hurt the global economy

March 10, 2020

Via: CNBC

A range of banks and financial institutions have offered their worst-case scenarios for 2020, as the spread of the new coronavirus impacts the global economy and roils financial markets. The global uptick in gross domestic product (GDP) could be as […]


Capital and Risk, Macroeconomic

Emergency Fed rate cut helps China with longer-term currency goals

March 4, 2020

Via: CNBC

BEIJING – The U.S. Federal Reserve’s emergency interest rate cut gives China’s central bank much more leeway to lower its own rates, and boost the internationalization of the yuan, analysts said. In response to concerns about the new coronavirus’ economic […]


Capital and Risk, Macroeconomic

Coronavirus spreads damage to Wall Street. Could the U.S. economy be next?

February 3, 2020

Via: Market Watch

The coronavirus epidemic in China seemed like a distant threat to the U.S. economy a week ago, but that was before the carnage in the stock market. Fear itself, as is often the case on Wall Street, is also contagious. […]


Activity, Investment Banking, Trading

Analysts are now starting to downgrade some stocks because of the coronavirus

January 27, 2020

Via: CNBC

The Chinese coronavirus is forcing Wall Street to turn sour on certain stocks. Bank of America downgraded shares of Wynn Resorts to neutral from buy and Oppenheimer downgraded shares of cosmetic company Estée Lauder to perform from outperform on heightened […]


Capital and Risk, Liquidity

Bond yields are falling and that could stunt bank profits, Jim Cramer warns

January 27, 2020

Via: CNBC

U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday. “Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money” […]


Activity, Trading

Asian markets pull back after weak Japanese trade data

November 19, 2019

Via: Market Watch

Shares retreated in Asia on Wednesday after Japan reported its worst monthly decline in exports in three years, putting pressure on the economy as growth slows following a sales tax hike. Adding to regional jitters, the U.S. Senate passed a […]


Capital and Risk, Macroeconomic

EU Chamber says China’s new foreign investment law is ‘surprisingly accommodating’

October 21, 2019

Via: CNBC

BEIJING — At least on paper, the Chinese government is trying to show how serious it is about improving the local business environment for foreign companies. Joerg Wuttke, president of the European Union Chamber of Commerce in China, told reporters […]


Activity, Trading

The trade war is weighing ‘like a big, dark cloud’ on the global economy, says Christine Lagarde

September 23, 2019

Via: CNBC

For incoming European Central Bank President Christine Lagarde, the U.S.-China trade war is the biggest threat to the global economy. Lagarde, who has run the International Monetary Fund since 2011 and was selected in July to replace Mario Draghi from […]


Activity, Insurance

China Regulator Puts Cap on Insurers’ Investments in Shareholders

September 9, 2019

Via: Insurance Journal

China’s banking and insurance regulator put a cap on Monday on how much insurance firms can invest in their shareholders, aiming to curb risks linked to the misuse of financial resources. China is sharpening its scrutiny of insurers’ and small […]


Capital and Risk, Macroeconomic

China frees up $126 billion for lending with reserve-ratio cut

September 6, 2019

Via: Market Watch

BEIJING—China’s central bank will unleash roughly 900 billion yuan ($126 billion) into the financial system, in an effort to boost lending as the world’s second-largest economy faces increasing pressure from a trade war with the U.S. The People’s Bank of […]


Uncategorized

China’s central bank says it’s close to releasing its own digital currency

August 12, 2019

Via: CNBC

China’s central bank is nearly ready to issue its own sovereign digital currency, according to a senior official. Mu Changchun, deputy director of the People’s Bank of China’s payments department, said the institution’s virtual currency was “almost ready” for release, […]