China's central bank cut the interest rate on its targeted medium-term lending facility (TMLF) on Friday, following similar reductions to borrowing costs on other liquidity tools in the past few weeks ... ( read original story ...)
China Central Bank Yet to Conduct Open Market Operations on Friday: Traders
Traders told Reuters that the central bank will roll over the TMLF on Friday. Markets widely expect the People's Bank of China (PBOC) to lower the interest rate on the TMLF loans. A PBOC statement is ... ( read original story ...)
Ping An Consumer Finance Launches, Expanding Footprint in Financial Services Sector
HONG KONG and SHANGHAI, April 23, 2020 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter 'Ping An' or the 'Group', ... ( read original story ...)
In Shadow Of Pandemic, Tesla Posts Record Sales In China As Global Car Sales Plummet
Tesla accounted for 25% of all EV sales in China and posted its best-ever results for a single month in the country. ( read original story ...)
‘It’s too hard to live this year’: China’s workers struggle with coronavirus unemployment
“We’ll be home by five in the afternoon,” Old Liu said, squinting up at the schedule, red numbers blinking against a black LED screen. Zhang and Liu had come to Beijing with ... Peking University’s ... ( read original story ...)
Xiaomi details the Mi 10 Youth camera, shares plenty of photo samples
The periscope shooter will provide 5x optical zoom and up to 50x digital zoom. First camera samples from The Bund in Shanghai and the hills of Guilin showcase the performance of the camera in two very ... ( read original story ...)
China’s PBOC Shanghai branch pledges to ban illicit funding of property purchases
The Shanghai branch of China's central bank on Thursday said it will strictly ban illicit funding of real estate purchases via property-backed consumer or business loans, while continuing to step up ... ( read original story ...)