Search Results for: People's Bank of China
China’s yuan to face pressure if dollar rises sharply: c.bank adviser
March 25th, 2016
China’s yuan will come under renewed downward pressure if the U.S. dollar rises significantly in coming months, a policy adviser to the People’s Bank of China said on Friday. Huang Yiping, a professor at Peking University and a member ...
China to ease commercial banks’ bad debt burden via equity swaps
March 10th, 2016
China’s central bank is preparing regulations that would allow commercial lenders to swap non-performing loans of companies for stakes in those firms, two people with direct knowledge of the new policy told Reuters. The new rules would reduce commercial ...
Asia markets mixed as traders digest central bank decisions, China data
March 10th, 2016
Asian markets traded mixed as traders digested another round of Chinese economic data and interest rate decisions from central banks in New Zealand and South Korea. The Japanese Nikkei 225 was up 1.45 percent. South Korea’s Kospiadded 0.82 percent, while Down Under, ...
Moody’s cuts China outlook on eve of NPC, cites reform, fiscal risks
March 2nd, 2016
Moody’s downgraded its outlook on Chinese government debt to “negative” from “stable” on Wednesday, citing uncertainty over authorities’ capacity to implement economic reforms, rising government debt and falling reserves. The Moody’s downgrade comes just days before the National People’s ...
China central bank deflects concerns over forex reserves
February 29th, 2016
The vice-governor of China’s central bank on Sunday deflected concerns over the possibility of an extended fall in the country’s foreign exchange reserves and reaffirmed confidence in the strength of the Yuan. China still owns the world’s largest currency reserves ...
China shares tumble; Nikkei gives up gains to close down 1%
February 29th, 2016
Markets in China, Japan, and Hong Kong tumbled Monday, with renewed concerns over China’s economic fundamentals and the deluge of economic data due this week dragging stocks. Vishnu Varathan, senior economist at Mizuho Bank, wrote in a morning note ...
China shares drop, with the Shanghai Composite tumbling more than 5%
February 25th, 2016
China markets tumbled Thursday, extending a long rout, but some Asian markets posted gains following Wall Street’s reversal of sharp intraday losses overnight on the back of higher oil prices. Concerns were raised over China this week after the People’s ...
Nikkei surges 7%, Topix up 8.3%; China lose ground
February 15th, 2016
Asian stocks mostly climbed on Monday, with Japan shares surging after last week’s sharp selloff. But China’s shares lost ground as its markets re-opened after the week-long Lunar New Year holiday. The Nikkei 225 retraced losses some of Friday’s losses, jumping ...
China shares lower, but ‘real economy’ sound says state media
January 28th, 2016
China’s volatile shares were lower again on Thursday, taking losses this month to about 23 percent or 12 trillion yuan ($1.8 trillion), while state media insisted that the market ructions did not reflect the real economy. The benchmark Shanghai ...
China shares tumble again, taking 2016 losses to $2 trillion
January 27th, 2016
Chinese shares fell sharply again on Wednesday after plunging in the previous session, taking losses in 2016 to nearly 25 percent or 13 trillion yuan ($2 trillion). The benchmark Shanghai Composite Index SSEC was down 3 percent in afternoon ...
