BEIJING (Reuters) – China’s new yuan loans likely more than doubled in June from May, a Reuters poll showed on Tuesday, as the central bank kept up policy support for the economy amid a shaky recovery. Chinese banks are expected to have issued 2.25 trillion yuan ($309.38 billion) in new yuan loans last month, compared
They are also optimistic about the medium-term earnings growth prospects for Indian companies, as well as the country’s long-term growth outlook, he told This Week in Asia. “There are pockets of irrational exuberance in parts of the mid-cap and small-cap [stock] space but that is largely due to irrational expectations on the part of non-institutional
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: I have always found it amusing to put stock market outlooks in the context of personal life experiences. And I have a new one to share with you dedicated Morning Brief readers today.
Exhibitors talk with each other during the 30th China Lanzhou Investment and Trade Fair in Lanzhou, northwest China’s Gansu Province, July 6, 2024. (Xinhua/Zhang Zhimin) LANZHOU, July 6 (Xinhua) — More than 2,200 domestic and foreign enterprises are seeking business opportunities at the 30th China Lanzhou Investment and Trade Fair, which opened on Saturday in
Foreign investors have advanced their holdings in China’s US$20 trillion domestic bond market since the Bond Connect mechanism was introduced to link them to new growth and diversification opportunities in the world’s second-largest economy. As the mechanism celebrates its seventh birthday, further enhancements are poised for launch. Since the Northbound Bond Connect commenced trading in
BEIJING (Reuters) – China is moving closer to unveiling its financial stability law, which includes setting up a fund to rescue troubled financial institutions, as part of Beijing’s broader efforts to prevent systemic financial risks in the world’s second-biggest economy. A revised draft of the bill underwent a second review by the nation’s top legislative
Swiss private equity firm Partners Group is working with China Investment Corp (CIC) and Middle Eastern sovereign wealth funds to curate growing investment flows as the two regions cosy up. The Zug-based firm has long-established relationships with CIC, which has assets of US$1.35 trillion, and some of the large Middle Eastern sovereign wealth funds to
Beijing, China’s capital, has finally joined other major Chinese cities in relaxing home buying restrictions to bolster the property market. The Beijing Municipal Commission of Housing and Urban Development said on Wednesday that it was lowering the down payment ratio for first-time homebuyers to 20 per cent from at least 30 per cent previously. For
Hozon New Energy Automobile, the start-up behind the Neta brand of electric vehicles (EVs), has applied to raise capital in Hong Kong, joining BYD, Xpeng and Li Auto in using the world’s fourth-largest stock market as the launching pad to fund its overseas expansion and escape China’s brutal discount war. Hozon plans to use the
(Bloomberg) — China discovered that officials allowed cash raised from special bonds or funds from the central government budget to be invested in subpar or halted projects, raising questions about the effectiveness of current fiscal measures in bolstering economic recovery. Most Read from Bloomberg Almost 28 billion yuan ($3.9 billion) of bond funds involving 522