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China, central bank
China’s central bank tries to save the economy—and the stockmarket
A s China’s economy has descended into deflation, the central bank’s lack of urgency has been a source of frustration. Officials at the People’s Bank of China (PBoC) at firs
China's central bank unveils most aggressive stimulus since pandemic
Chinese stocks and bonds rallied and Asian stocks hit 2-1/2 year highs as Governor Pan Gongsheng announced plans to lower borrowing costs and inject more liquidity into the economy, as well as to ease households' mortgage repayment burden.
Taking Advantage Of China's New Stimulus Measures
China may also cut the RRR further this year by another 0.25 to 0.5% at the appropriate time. The PBOC will also lower the rates for existing mortgages and cut the down payment ratio on second homes to 15% from 25%. The deposit rate will be lowered to “neutralize” the impact on bank margins.
China, PBOC
China Market Update: Monetary Policy Bazooka Unleashed
At 9 a.m., the People's Bank of China (PBOC) Governor Pan Gongsheng led a press conference along with China Securities Regulatory Commission (CSRC) Chairman Wu Qing and State Administration for Financial Regulation’s head Li Yunze. They announced the following:
Live news: Trafigura appoints Richard Holtum as chief executive
Trafigura has appointed Richard Holtum as chief executive, replacing Jeremy Weir who will become chair of the Swiss trading house. Holtum, a former military officer, has enjoyed a rapid rise at Trafigura since he joined in 2014,
China 10-year bond yield hits record low after PBOC signals more easing
China bond yields fell to a record low after the People's Bank of China announced that it will cut the reserve requirement ratio on Tuesday.
2h
on MSN
A Banking Crisis Is Looming in China. It’s Not Just Property.
As China grapples with a deepening real estate crisis, attention is shifting to an equally pressing concern: the ...
20m
China bids to kickstart struggling economy as it unleashes biggest round of stimulus since Covid
The People's Bank of China cut its interest rate from 1.7% to 1.5%, eased mortgage rules and loosened bank rules to free more ...
The Globe and Mail
3m
China's central bank to the rescue
In addition,
People's
Bank
of China
Governor Pan Gongsheng announced plans to cut the reserve requirement ratio (RRR) by 0.5%, injecting 1 trillion yuan of long-term liquidity into the market.
1h
USO: China And The U.S. Will Determine The Path Of Least Resistance
The United States Oil Fund, LP ETF faces volatility due to economic stimulus and election uncertainty. Learn why USO ETF is ...
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