China’s broad money supply grew 15 percent in October, the slowest pace in three years, a sign economists said shows the economy is in sharp slowdown.
The growth of M2 - the broadest measure, which includes cash and all deposits, fell from September’s 15.3 percent to 45.31 trillion yuan at the end of October, central bank [...]
China’s government bonds gained yesterday on speculation that the central bank will ease monetary policy, supporting demand for debt sold to fund a 4-trillion-yuan (US$586 billion) stimulus plan. The local currency was little changed.
The People’s Bank of China may increase money supply and cut interest rates to bolster expansion, Governor Zhou Xiaochuan said on Sunday.
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China will help stabilize international financial markets by maintaining its economic growth and expanding domestic demand, Zhou Xiaochuan, governor of China’s central bank, said in Sao Paulo, Brazil yesterday.
The People’s Bank of China is closely following the situation in international financial markets to make its policies on further readjustment of interest rate, he said.
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China’s weakening exports and deepening real estate market downturn will eventually hurt its banks, a senior regulator said in remarks published on Monday.
Yan Qingming, Shanghai bureau head of the China Banking Regulatory Commission, told the Financial News that it usually took 6-12 months for slowing export growth to be reflected in corporate earnings and a [...]
Lenders in Shanghai are running out of time to announce the detailed implementation of the new mortgage policies.
Banks, including the Bank of Communications and the Shanghai Pudong Development Bank, are still working on the details and are yet to announce how they will introduce the new policies.
The People’s Bank of China, the country’s central bank, [...]
The yuan fell, eroding the bulk of this month’s advance against the United States dollar, on speculation that China is stemming gains to counter the impact of a global economic slump on exports. A rally in government bonds paused.
The Chinese currency has strengthened less than 0.1 percent this month after policy makers pledged to focus [...]
