Articles

  • 2 weeks ago | gurutrade.com | Ziyi Tang |Xiuhao Chen |Ryan Woo |Jacqueline Wong

    BEIJING, May 22 (Reuters) - China will provide a more efficient, transparent and predictable regulatory environment to support technology firms listing overseas, Chief Risk Officer at the China Securities Regulatory Commission (CSRC) Yan Bojin said at a news briefing on Thursday. The regulator will further strengthen the security of funds raised by listed companies to ensure their allocation towards the main business rather than other purposes, Yan said.

  • 2 weeks ago | gurutrade.com | Winni Zhou |Ziyi Tang |Liz Lee |Lincoln Feast

    China cuts benchmark lending rates as economy struggles State banks lower deposit rates by 5-25 basis points Economists doubt Beijing's 5% growth target without more stimulus BEIJING/SHANGHAI, May 20 (Reuters) - China cut benchmark lending rates for the first time since October on Tuesday, while major state banks lowered deposit rates as authorities work to ease monetary policy to help buffer the economy from the impact of the Sino-U.S. trade war.

  • 2 months ago | theglobeandmail.com | Ziyi Tang |Ryan Woo

  • 2 months ago | gurutrade.com | Ziyi Tang |Ryan Woo |Sumeet Chatterjee |Himani Sarkar

    Banks raise consumer loan rates to at least 3% Top lenders have warned of growing personal bad loans Higher rates could deter China's consumption push, analysts warn BEIJING, April 1 (Reuters) - Some Chinese banks have started raising interest rates amid growing bad consumer loans in a dramatic U-turn just weeks after slashing them to unprecedented lows, a move that is expected to weigh on Beijing's efforts to stimulate a sluggish economy.

  • 2 months ago | gurutrade.com | Ziyi Tang |Ryan Woo |Christopher Cushing |Jane Merriman

    Bank shares jump on recapitalisation plans Lenders expect increases to core tier-1 ratios Capital injections leverage more credit to support the economy BEIJING, March 31 (Reuters) - Shares in China's big state-owned banks rose on Monday after the lenders unveiled around a $72 billion recapitalisation plan to boost their core capital. The recapitalisation aims to help the banks to increase capital buffers and manage asset quality strains.

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