April 9, 2020
Via: Banking TechnologyOn 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 […]
December 27, 2019
Via: ABF JournalTesla Shanghai entered into a revolving loan agreement with a group of Chinese banks. According to a related 8-K filing, Tesla entered into a fixed asset syndication loan agreement and a supplemental agreement with China Construction Bank, China (Shanghai) Pilot […]
November 28, 2018
Via: The New York TimesChina’s too-big-to-fail banking rules are heading in the right direction. Chinese regulators published new guidelines on Tuesday for supervising the nation’s financial institutions. Of course, Beijing owns most big lenders, and failures are almost unheard-of. But the very act of […]
March 26, 2024
March 29, 2024
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