Search Results for: Bank of China
PBC Signed Local Currency Swap Agreement with Swiss National Bank
July 22nd, 2014
With the approval of the State Council, the People’s Bank of China signed on July 21, 2014, an agreement on bilateral local currency swap with the Swiss National Bank for the purpose of providing liquidity support for the bilateral ...
Markets to Remain Concerned over China’s Debt
July 22nd, 2014
China’s debt has soared to two and a half times its economy, Standard Chartered estimates, highlighting the difficulties Beijing faces in balancing growth with the risk of bubbles forming in its economy. Total financial credit has surged to 251 ...
Asia stocks manage muted cheer for China growth
July 16th, 2014
Asian stocks held stubbornly steady on Wednesday after China reported economic growth that was just ahead of market expectations, enough to prompt a sigh of relief from investors, but little else. China’s economy expanded by 2.0 percent in the ...
Emerging Nations Bloc to Open Development Bank
July 16th, 2014
At a meeting in Brazil, the leaders of Brazil, Russia, India, China and South Africa announced on Tuesday that they were establishing a development bank to challenge the influence of venerable institutions like the World Bank and the International ...
China’s corruption purge nears tricky second phase
July 15th, 2014
China is entering the second stage of its colossal fight against graft. Nabbing high-profile culprits was a good start. Now, other miscreants have to believe the same could happen to them. Finally, the rewards for good behaviour must be ...
Asian stocks rebound after portuguese bank scare
July 14th, 2014
Asian stocks rebounded Monday from jitters about a struggling Portuguese bank as investors looked ahead to a busy week of data releases in the U.S., China and Europe. Oil edged up to stay above $100 after tumbling more than ...
Asian stocks Mixed after China Trade Data
July 10th, 2014
Asian stocks outside Japan rebounded as China’s trade expanded, while the U.S. oil benchmark-contract slipped toward a record losing streak. European index futures were flat and gold was near a 3 1/2-month high. The MSCI Asia Pacific excluding Japan ...
China’s Trade Data Misses Expectations
July 10th, 2014
China released improved trade data that missed expectations on Thursday, figures that suggest external demand remains weak and domestic recovery fragile, analysts say. The country’s exports rose 7.2 percent from the year ago period, lower than the 10.6 percent ...
China’s Inflation May Lead to More Stimulus
July 9th, 2014
China’s consumer inflation cooled slightly more than expected in June, pointing to lingering weakness in the economy which could prompt Beijing to launch further stimulus measures to shore up growth. The consumer price index (CPI) rose 2.3 percent in ...
Asian Equities Lower with Eyes on China
July 9th, 2014
Asian equities extended losses into a third session on Wednesday following a selloff on Wall Street overnight and steady Chinese inflation data. Consumer prices in the mainland rose an annual 2.3 percent last month, versus estimates for a 2.4 ...
